The Game
Nowcoin Market Game will be an amazing social experience, and tons of fun. We believe that there are many ways for the creation of a new ecosystem. We vote on the fun way. Let’s play together an amazing market game, create a community, have a lot of fun and experience together. At the end, we will all win, if we are successful in setting up a vibrant crypto community.
Let’s see the Rules:
In the beginning, the total number of Nowcoins will be distributed to the following blockchain accounts:
Founders Pool: 10 million
Special Game Pool: 5 million
Exchange Pool: 50 million
Reward Pool: 45 million
Nowcoins will be sold exclusively on the BitShares Decentralized Exchange (“DEX”). A total number of 50 million coins (the Exchange Pool) will be listed on the DEX for sale, at the prices starting from BTS 1,- and ranging to BTS 15,-. Anybody with a valid DEX account will be able to purchase Nowcoin from the order book. The Exchange Pool bids listed on the DEX will not be altered during the Game. The Founders Pool will be locked during the entire time of the Game, therefore the vested Founders will not be able to intervene on the exchange.
Following the purchase of Nowcoin (from the DEX), the holders will have the possibility to hold the coins, use them for payments between any Bitshares account, or list and sell them for any price on the DEX. The holders will be in full control of the coins, and they will be free to use them for any of the above purposes.
The BTS income of the Exchange Pool from the sale of Nowcoins on the DEX will be locked and retained on the Exchange Pool Account, fully transparently on the blockchain. The BTS balance of the Exchange Account will be distributed among the Nowcoin holders upon the Final Airdrop, as described below.
The Rewards
The Game itself is basically a motivation system on persuading people to hold and build reserves of Nowcoins. The following rewards will be distributed among the members:
a./ Basic Reward
b./ Premium Reward
c./ Final Airdrop
a./ Basic Reward
Each account holding at least 100 Nowcoins will receive a 3% reward on the balance of their account address on the 1st and 15th days of each month. Rewards will be calculated on the balance of Nowcoins held on the account upon calculation, and paid from the reward pool in Nowcoin. The normal reward is paid automatically, and is not subject to any further conditions. Normal reward payments end upon the Final Airdrop. Coins held in the Founders Pool account are excluded from this reward.
b./ Premium Reward
The top 1000 accounts based on their Nowcoin balance will be rewarded with 8% of their balance on the 1st day of each month. The purpose of the special reward is to motivate the holders to accumulate funds. Special reward payments end upon the Final Airdrop. Coins held in the Founders Pool account are excluded from this reward.
c./ Final Airdrop
The Final Airdrop is the end of the Nowcoin Market Game. The Final Airdrop will be done upon either the Reward Pool account dropping below the balance of 10M or; alternatively on 15th July, 2019.
Upon the Final Airdrop the following distributions will be made:
— Reward Pool balance distributed among the top 1000 holders proportionally;
— Special Game Pool balance distributed among the top 1000 holders proportionally;
— Exchange Pool balance (both Nowcoin and BTS) distributed among the top 1000 holders proportionally.
Restrictions on the Founders Pool
Founders and their advisers will retain a total number of 10 million coins as indicated above. This is the pool which allows the founders to bring professional advisers on board via vesting in Nowcoins.
During the total period of the Game, the Founders Pool shall remain intact and locked, it shall never enter the DEX. Thus the Founders Pool will not be able to modify the market price on the DEX. The purpose of the Game is to set an organic market value for Nowcoins, and the Founders Pool shall not interfere with this purpose. The Founders Pool will be distributed among the vested advisers within 5 days following the Final Airdrop.
Founders Pool is excluded from Basic and Premium rewards. These rewards serve the purpose of expansion of the Nowcoin user network, and the Founders Pool shall not interfere with this purpose.
Upon the Final Airdrop, the Founders Pool will be excluded from the distribution of the Reward Pool Account and the Special Game Pool. The Founders Pool will be included however in the distribution of the Exchange Pool (both Nowcoin and BTS).
The Special Game Pool
This reward pool will serve the purpose of marketing the platform and the Vision, motivating the network members in special projects. Such project may include for example competitions for merchant point creations, organization of network events, rewarding special efforts etc. From time to time Special Games will be announced, for the purpose of keeping our community trading. You may read further information on these Special Games here.
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