Is this similar to the mechanism of Bitconnect? Or is more like SALT?
We are not a HYIP or a lending platform. We provide a centralized staking option with a limited & constantly decreasing total supply of the token. It is ultimately different from HYIP in the sense that all addresses holding tokens to be distributed are publicly made available. We acknowledge the fact that one day we will inevitably run out of tokens to distribute, and thus, all staking plans are put on hold/stopped once our last tier (Tier 5) address has less than 5 million tokens left. Once this happens, all pending payments are sent accordingly from the leftover 5 million tokens. The leftover (if any), after distributing all pending token payments, will be transferred to our 'bounty address' and from then on, our token/project completely switches to a 'bounty and giveaway' token whereby all campaigns are held on our 1-page ad platform.
This 1-page ad platform will contain 100 different advertisement slots and will constantly attract visitors as all bounty and giveaway campaigns are hosted on that page. AD slots can be purchased with STAKE and all STAKE earned from here are ultimately destroyed (to further decrease the total supply of STAKE). Once we have distributed all tokens from our bounty address + leftover tokens from Tier5 address, our project officially comes to an end but we will continue to serve lotteries and raffles for STAKE holders.
There is one thing i love to join this ico is dev member have no token reward, this mean they will force on devolop and dont always look at token price.
Yes, and that is already happening as we speak. We have been fully focused on securing our server, developing the website features, listing token on exchanges, and getting our contracts verified on ETH blockchain explorers. The only funds we have real access to are the funds we have secured from our token sale.
UPDATEOur token will be listed on Mercatox around 3-5 DEC.
We have fully migrated our website to a dedicated server and there will be lots of maintenance going on.
Website might not work as intended during this time (everything will work smoothly by the end of 5 DEC).