From the original blog post hereDevelopment Contributions for Æternity Blockchain We are pleased to announce the details on how to contribute to the development of æternity blockchain! In the process of the contribution AE token will be created and distributed to the contributors.
In order to achieve highest possible security, transparency and simplicity. æternity uses simple smart contracts (multi-signature escrow contracts) on Ethereum in order to collect the ETH contributions and handle them.
TRANSPARENCY WINS
Another goal of this campaign is to get the global community involved as soon as possible, to foster growth of the æternity ecosystem. We want to be as decentralized as possible and don’t want to exclude anybody who believes in the technological proposition of æternity blockchain and wants to support the development. We believe that this is essential for long-term growth.
As a result the contribution campaign will be split into two phases.
Phase 1 — Public “friends, family and real innovator” roundStarting on
April 3rd, 13:05 GMT and lasting for 3 days [72 hours] until April 6th, 13:05 GMT. During this period, 1 ETH contribution will receive 1000 AE tokens. Anyone can participate!
Launch bonus for phase 1:
100 (hundred) AE bonus per 1 ETH send in the first 24h!
Phase 2 — Public “early adopter” roundTarget date: 45 days after first round.
Duration: 3 weeks
Week 1: 1 ETH contribution receives 750 AE token.
Week 2: 1 ETH contribution receives 700 AE token.
Week 3: 1 ETH contribution receives 650 AE token.
Launch bonus for phase two:
50 (fifty) AE bonus per 1 ETH sent in the first 24h!
Direct contributions are possible with ETH. For contributions with BTC or fiat, please get in touch with our partner Bitcoin Suisse. For contributions via other cryptocurrencies we suggest to use ShapeShift to fund the æternity contribution wallet.
All contributions happen in a publicly transparent and tamper-proof way (‘public receipt’) on the Ethereum blockchain. After the contribution campaign, the AE token will be created based on the public receipts.
82% of the initial æternity AE tokens will be distributed to the contributors.
1% will be allocated to people who hold BTC or ETH, accessible when the æternity blockchain launches. Time-locked via a multi-sig escrow contract,
17% will get allocated to Aeternity Anstalt, the foundation and the founding team.
As for security, please,
do NOT send from an exchange account to the æternity contribution account! Use the æternity wallet, which is optimized to make the contribution process as easy as possible. Alternatively, you can use your ETH wallet, just make sure that you are the only one who has access to your private key.
The escrow services will be announced shortly.Æternity meets Ledger Nano S The first 1000 contributors above 12 ETH will receive 1 limited edition æternity branded Ledger Nano S wallet. Shipping costs might be additional. Note, that this perk is limited to one wallet per contributor and one per physical address.
SIMPLICITY IS KEY
HOW TO CONTRIBUTE?
1. Starting on April 3rd and ending on April 6th, go to aeternity.com and press the contribute button on the first page.
2. Fund the wallet with Ether (ETH) (or view alternatives for contributions with other currencies, such as bitcoin or fiat).
3. Accept the Terms and Conditions.
4. Contribute! And view your AE contribution on the Ethereum blockchain. If you like: Write a 160 character message, which will be embedded into the Æternity genesis block and last forever.
IN MORE DETAIL
FIRST CONTRIBUTION PHASE — THE BEGINNING
FOR FRIENDS OF ÆTERNITY AND REAL INNOVATORS
- Start date: [Monday, 3rd of April 2017]
- Start time: [13:05 GMT]
- Duration:
3 days, exact 72h, by blocktime.- All will be recorded on the ETH blockchain by a multisig-escrow-contract.
- Ratio: 1 ETH contribution yields
1,000 (thousand) AE contribution receipts- A special æternity wallet will be launched.
- After these 3 days, the first phase of contribution acceptance is over.
- All following transactions will be 10% donated to non-blockchain open-source projects and 90% sent back to the sender, per transaction. No receipts are given for transactions which are included in a block before or after the official start and end.
INCUBATION PHASE
- There will be a maximum of 90 days in between phase 1 and phase 2.
- Much will happen during this time. E.g. hackathons, meetups and at least one conference will be organized, bringing together the community in every continent of the world to hack on æternity. The best teams and projects will be supported by the Æternity Open Source Foundation, which is in formation process.
SECOND CONTRIBUTION PHASE — EVOLUTION
FOR VERY EARLY ADOPTER
•Start time: will be announced, latest in 90 days after the conclusion of phase 1
•Duration: will be announced.
•Ratio: 1 ETH contribution yields
800 (eight hundred) AE contribution receipts (or less)
•Additional perks for the first contributors: will be announced.
•All will be recorded on the ETH blockchain by a multisig-escrow-contract (like in phase 1)
CONTRIBUTION SECURITY CHECK
The migration to transferable AE token smart contract.
- After both contribution campaigns end, an AE token smart contract will be created on Ethereum, which will mirror the contributions in a verifiable way. Mirror, as in copy the contributions and AE token ownership over to the new blockchain. Open-source tools to check and verify the contribution transfers will be provided.
- After successful migration, the launch of the transferable AE token will take place and become official. One single smart contract will keep track of the AE contributions on Ethereum until æternity mainnet launches.
CONTRIBUTION DISRUPTION — THE BIRTH OF THE AE TOKEN
-
After phase 1 and 2 have concluded and after the successful security audit, the AE tokens become freely usable (transferable), not only good for beta-testing æternity UX with AE token.
- Shipment of the æternity ledger wallets will commence at this time.
FURTHER TOKEN OUTLOOK
DEVELOPMENT PHASE & LAUNCH OF THE ÆXPERIMENTS with AE tokens on æpp space.
The AE token on Ethereum will be used to power experimental aepps, which will give visual insights into how the æternity ecosystem will work and play together. JS-libraries and other tools will be build.
MAIN BLOCKCHAIN LAUNCH: TOKEN METAMORPHOSIS & BIRTH OF A NEW ECOSYSTEM
- Migration of AE tokens to the Æternity blockchain occurs.
- Launch of aepps.com essentials and platform
- Predict!
- Mine!
- Use!
- ∞
For more information about æternity blockchain, have a look at aeternity.com