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Author Topic: Refind Give away 1 Billions coin  (Read 211 times)

nhuddin

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Refind Give away 1 Billions coin
« on: October 30, 2017, 02:51:25 PM »
#1 billion coins

We invite you to be part of Refind—not only as a user, but also as an owner, participating in Refind’s success. We issue 1 billion blockchain-based Relevance Coins and give them away to early users for free. At a later point, we’ll buy them back with our profits

#How it works

For the last two years, we’ve built and validated Refind. We’ve reached product-market fit, Refind is used by thousands of engaged users and it’s growing. But now we want to accelerate growth.

*Allocation
We allocate coins to early users based on actions that benefit the network (see below) until 1 billion coins (total supply) are used up. This is designed to be roughly when we reach the first 10 million users (with early users holding the majority of coins). For users who signed up prior to this announcement, we allocate coins retroactively. At some point, we’ll ask you to verify your identity (e.g., SMS-based, like many apps). We do this to discourage fake activity and bots so you get your fair share of coins.

*Distribution
Once 1 billion coins are allocated, we’ll actually issue the coins on the blockchain and distribute them to verified users. At this point, it’ll most likely be an ERC20 type token on Ethereum. No worries, we’ll help you set up your blockchain wallet when the time comes.

*Trading
Once you have your coins in your blockchain wallet, you’ll be able to trade them (sell/buy) on exchanges, depending on supply and demand, but even long before we make any profits. Or you can simply hold on to them if you believe in Refind’s success.

*Monetization begins
Refind is free and always will be. Once we reach the first 10 million users, however, we’ll start monetizing. Our revenue model will most likely either be targeted ads (like Facebook or Google) or freemium (like Dropbox or Slack).

*Buyback program begins
Periodically (quarterly or annually, depending on admin overhead and transaction costs), we’ll use 10% of our profits to buy back coins at market price. All purchased coins will be burned, thus total supply decreases. The buyback program runs indefinitely, until 99% of all coins are purchased and burned. At any point, you decide whether you want to sell or hold on to your coins. Current supply and demand on the exchanges will determine the price. However, we’ll add a repurchase option, allowing us to buy back coins at USD 31 per coin at any time


#Why we give it away
We wouldn’t be where we are today without our early pioneers. And we won’t get to where we want to go without your continued support.

1. First, growth. Refind has network effects: the more users and the more content, the more relevant it will become. So far, we’ve focused on tech. Now we need pioneers who break into completely new topics: psychology, philosophy, politics, finance, economics, sports, arts—whatever interests you.
2. Second, give back. Our early users have helped us tremendously. If Refind becomes a success, we want to give back to the ones who have helped make it one. What if Google and Facebook gave away part of their success to early users? We see this as a grand experiment—if it works, we hope others will copy.

#How you get coins

*You get 20 coins when you sign up via an invite from another user, 1 coin otherwise.

SIGN UP here : https://t.co/E1S5sLnUrv

*For every friend who signs up via your invite, we’ll give you and your friend 20 coins.
*See your balance and details in your wallet on Refind.

More Info : http://relevance.community

 

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