But you’re obviously overvalued, which can cause anger in the community
I pray that Sonic’s tragedy will not be repeated.
We have prepared a comprehensive FAQ document to address the diverse range of queries raised by community members in the forum above. You can access the document by clicking on the following link:
We have made every effort to provide thorough and detailed answers to the questions. However, if you require additional information or if there are any omissions on our part, please don’t hesitate to contact us. We are committed to assisting you and will be more than happy to help.
Hi @Accumulating.icp Please refer to the FAQ document posted in the forum. Thanks!
Goodmorning @rishichadha30 , thanks for your prompt reply. This is definitely a lot more in-depth than anyone else has provided to date, and I appreciate that.
Would it be possible for me to get ahold of the Comparative Transaction Analysis so I can understand the extrapolation that occurs within the valuation?
To understand more about the SNS rewards, please refer to the following link
I think people are anlso interested in the actual numbers. What rate will you be paying for what lockup period?
Hot Or Not is putting African people in a scrolling loop for a promise of a few cents.
Web3 is great.
Hi! This is Utkarsh from the Hot or Not founding team.
We have revised the allocation for the Community Fund in the SNS Sale based on the guidelines provided by Dfinity in this post: DFINITY's voting on upcoming SNS launch proposals.
It’s important to mention that we will strictly adhere to the guideline that limits the Community Fund’s contribution to a maximum of 10% of the total maturity of the Community Fund at the time of submission. For more information on the updated allocation, please refer to the whitepaper.
Moreover, we have addressed concerns pertaining to user data security and potential vulnerabilities by including additional information in the FAQ document that was previously shared. Please feel free to review the same.
Goodmorning @utkarshgoyal ! I was just curious if this information is publicly available for review?
Hi Hot or Not team, At the time of funded they declared you had raised $200k and now you’ve put funded holders in the same category as seed investors. Funded guys get 0.27% allocation and I’m assuming the rest goes to these guys who gave them this $200k. Why the hueeeegee! difference in valuation in this same category? It’s more than 30X. They get 9.4% allocation for $200k. Now look at funded guys they get 0.27% allocation for 10k ICP or $40k. You didn’t disclose the valuation at which you raised, how much they raised from different inevstors, when they raised etc. There seems to be no mention of that in the WP.
Also funded guys are being allocated tokens at the lower ICP prices. I would get more tokens had I just kept my ICP with me and not funded your nfts. The additional benefits you guys talk of are worth a few ICP in the market (gob gob/nphone/Coyns). The thing that matters is HOT tokens and you’ve shortchanged us on that. Won’t fly well with SNS investors as well. Better revise the funded allocation to 2.5-3% and do right by the community.
@rishichadha30 I couldn’t find the Hot or Not GitHub repository or sns.yml file in the FAQ or whitepaper. Can you please provide a link?
I reviewed the white paper and can verifiably say HotorNot is smoking Hot.
Just my two cents = HotorNot Team should consider to discard adopting COYN for the in-game economy. It is useless & has zero value outside the dapp. Adopt other popular cryptocurrencies instead, use ckBTC, ckETH, ICP, or something else that is popular. Also consider rewarding in HOT token for the content creators. Content creators deserve more voices to direct the future of the dapp.
GM @utkarshgoyal will you be open-sourcing Hot or Not before the SNS launch?
Hi! We have added the link to the open-sourced repositories in the FAQ document. Please check the same.
Hot or Not 24 is preparing to launch its Social Networking Decentralized Autonomous Organization (SNS DAO). Join us for the start of a new era of transparency, fairness, and collaboration among social media users. Get ready to be and more information visit to adbacklist.
Hello, as per comments of some users, is the below $COYN circulating supply estimation (from Whitepaper) still valid?
Would you consider changing of the bet amounts from
10 or setting some limit on daily bets per user - to prevent too high inflation?
When I look into your whitepaper, it seems that you will mint 10% additional tokens in the first year and reduce gradually to 5 within 10 years . So within 10 years the total supply will be around 1.7 Billion>
How you keep stabilize the token price ? This might leads to a bloodbath in the market.
I guess the official level will definitely be adopted, and the higher the level, the higher the amount of COYN that can be sold. A strict calculation is carried out based on sales volume, market output, and burning volume.