DISTRIBUTION IS THE MOST IMPORTANT PART OF A CURRENCY.
90-99.9% of all the Bitcoin is owned by 1% of all the users.
90-99.9% of all the money in the world is owned by 1% of all the users.
Bitcoin is an improvement to the monetary system in efficiency and is not limited by borders. The main issue of the previous fiat currencies is more abundant in Bitcoin which is the concentration of the elites wealth due to a flawed distribution model.
While the technology side of the current cryptocurrency projects may be sufficient for the time being, the actual distribution of Bitcoin and the alternative coins (“Altcoins”) is problematic. Just as with the fiat based monetary system, the elite own and control 90+% of Bitcoin and Altcoins. Altcoins are price dependent on Bitcoin, which means if you control Bitcoin, you in turn control for the most part, the Altcoin markets in terms of price manipulation and price suppression. Its time to focus on distribution as a method to expose and prevent against manipulation of the markets in general and specifically prices.
Bitcoin Black aims to be the currency of the people, for the people, by the people.
Distribution will be done on a mass scale base from the beginning, this limits manipulation by the elite and no member of any currency should hold more than 1% of the entire circulating supply at any one point (manipulation counteraction fund will eliminate the possibility of early bag holders manipulation and contribute to true decentralization which is yet to be seen.
Maximum future supply: 34,028,236,692
Approximate amount distributed: 2,000,000,000
Initial Foundation ~2.5% 900 Million
Development fund ~2.5% 900 Million
Pre-sale ~2.5% 900 Million coins (100+ investing members who will be an addition to the founding team helping to move the project forward. Collaborating though slack)
Bounties ~2.5% 900 million coins for bounties decided by pre-sale members and the Bitcoin Black community. Such as: translations of website, whitepaper, rewards dashboard and APPS.
Airdrop ~10% 3.6 Billion coins to be airdropped to 1 million accounts (3600 coins per account)
Rewards bounty ~10% 3.6 Billion coins divided between 110 Airdrop rewards members.
Not yet allocated ~10% 3.6 Billion coins.
IEO ~20% 7.2 Billion coins. Funds from IEO to be allocated to multiple community foundations who will help the community move the project further into the future. Allocated to specialist departments.
Manipulation counteraction fund (approx 5%). Part used for stability control fund to remove the possibility of early low volume manipulation, and maintain stability in the currency.
App introduction rewards ~40% 12.4 Billion. Introduction of 30 million members with the rate of new users growing compounded. A method to get Bitcoin Black to every school yard/ university/ workplace and community.
By creating a fair mass scale distribution, manipulation proof will lead to a stable currency which will eventually be a currency which will be truly usable and intended to:
Pay wages. Pay rent. Pay for food.
Eventually cutting fiat out of the loop.
Transitioning to the new monetary system which has less flaws than current crypto-currencies and the fiat money system.
Understanding the importance of making the currency usable and being used on a worldwide marketplace which will follow with the ability to trade coins for physical silver shipped worldwide. (online marketplace to buy/sell/trade locally).
Highest referring 110 members (by introduction) to the airdrop become a founding member and take a share of 10% of ecosystem.