Need some experienced advice,
I wonder is it sustainable to make daap where early investors control coin price? That means we give all coins to early investors, and daap users are forced to buys coins from exchange trough our system
we are coding one idea, but not sure how to make crypto setup yet..
I'm considering something along these lines for ATLASS,
https://forum.lisk.io/viewtopic.php?f=8&t=29 , where tokens are issued at a price according to a power law in which the price increases slightly at a fixed percentage as each token is sold instead of doing an ICO with a deadline and bidding war for equity near the end.
The tokens can stay on sale until a minimum quantity is sold and the sale continue until existing stake holders decide to end the sale. This removes the FOMO pressure to buy on emotion, and prevents speculative bubbles, so people can decide to participate when they feel comfortable with the progress and price.
The nice thing about a power law is that the curve looks the same wherever you are on it, so if you join later, you're not paying for a windfall to early adopters, but early adopters are still rewarded with a larger overall gain. The tokens can still trade on an open market, but the price would be capped by the current sale price from the project until the sale ends, if it ever ends.
A variant would be a buy back as well, where the tokens can be sold back to the project, but this might be seen as a Ponzi if the buy back comes from investor funds. It is better if the tokens are only used to buy services from the application, or can be resold to other users.
