good morning all,
apologies for lack of communication past few days, been having wifi issues but i should be back now.
on sunday there was a payout of about half of what is normally paid. Theres been a lot of discussion about the payouts so here are the options and why:
maintain payout frequency and amount: this rate can be maintained but its going to impact the growth of the fund and might delay some of the future development. everyone is entitled to the full amount and payout if they wish although generally people are thinking a bit more long term here and are happy to take some form of reduction for the benefit of the coin and project.
options for reductions
full payout every two weeks
half payouts every week
perhaps a few other options depending on communities thoughts
im going to create a vote up the top so we can get this in place for this week.
I'm working on the trnsparency of the CMF because it is important everyone can see where the funds are and in what. initially i just had a spreadsheet i posted here but i dont always have the time to update/ simply forgot about it. Talking to the team about if there are ways the funds can be tracked automatically but if not i will make sure i update the spreadsheet at least once at the start of the week and then about halfway through too.
in regards to bittrex its unlikely, been conversing with them about it and what exactly the requirements are.
this is a quote from the emails that basically sums up thier position.
The overall thing I look for is promises of profits being paid for holding the coin. Those profits can be outside of XCE itself. Here's a scenario that would illustrate the issue. "Buy my euros (for btc or usd) and I guarantee you I'll take that money and give you interest in yen later."
if people wish to know more about the emails, pm me and we can talk more about it, but a bittrex addition is unlikely.
a high volume exchange isnt essential but it would be nice, we've got this far with hard work and we've barely done any promotion for it, i'm going to start looking into some sort of promotion campaign so more people hear of cerium and learn what its about.
have a nice day
