im old supporter for shift would you guys give me some light about whats going on lately on shift and what is v2
Welcome back, kahir!
About a week ago, we had a meeting with Joey, the dev, and came up with the following:
Meeting results:
Instead of the previously announced 5M premine, we managed to reach consensus on a different solution that is much fairer for all parties involved and will create long-term incentives for both the dev(s) as well as the community and investors.
There will be a new version of Shift for the Ethereum Homestead release.
Additionally to the current available supply (approximately 2.7 million SHF which will be converted 1 to 1 into the new SHF), there will be a
premine of 2 million SHF, which will be divided by half and organized as two individual funds:
1. A community fund to incentivize the community and reward meaningful engagement.
2. A developer fund to incentivize the developer and to get new talent on board.
The funds are going to be managed via two separate DAOs for the individual stakeholders to ensure security and well being of Shift.
Short Term goals:
1. Building the DAOs for the individual funds.
2. Implementing a smart contract for an easy conversion process for the enduser from old to new SHF.
3. Release of the new Shift 2.0.
This is seeked to be completed within March, though there is no specific release date yet.
I personally am quite excited to get started as I believe there is much talent involved in the project.
Want to learn more?
Make sure to drop by the official Slack channel. Just PM me your email for that.
Since then, a lot has been done (
https://github.com/shiftcurrency) and Joey already implemented Homestead into Shift V.2.
We are having great discussions in Slack. Feel free to join in.
