That's a cool idea.  Maybe setup some sort of escrow where people buy TECH at market price, then we use the BTC to purchase the raffle prizes.  I would think of this as more of a long term thing...giveaway and new features first, build some interest and community trust.  The hard part of a raffle is gaining the trust.  People are understandably cautious about throwing their BTC at something.  We should look into how Firecoin and other devs have handled these kinds of giveaways.

Well, I will proceed with laying out this program as the more I think about it, the more it seems like it will work.  maybe we should aim big for launch?  http://www.newegg.com/Product/Product.aspx?Item=N82E16889354664

 

anyone here can give me?  i sell it after a long-term goal is achieved and the market is stable. Here's my address TTs2puWnYDNrhbtCsCLpX9zHgQjhWGfmVm. THANKS!

Hey all, I would truly like to move this project along, but I can't do it by myself.  We really need some group participation and other peoples input.

Awesome.  I bought up a bunch of TECH yesterday that I will use to fund the #StakeToWin initiative if we can get it rolling, but committing to it without an active community is a huge risk.

I also have some ideas. I'm on vacation through next Wednesday.  I'll post a "blue print" when I get back.

I think for the Tech Giveaways, we would require staking of 1000 TECH.   This would keep your WALLET eligible month after month, so if people wanted they could have multiple entries??  This would allow taking more coins off the market, so if we have 50 wallets entered, it would reduce available coins to 130k max.  naturally this would lift the price somewhat  We would still require an entry fee, which would probably be something like:

$valueofprize * 10% (for further TECH funding) number of eligible wallets = entry cost for members in BTC or RAW

For example, our monthly prize is a $1000 TV.
50 wallets eligible
Current BTC price is $500.
Current TECH price is 3000 Sat

$valueofprize * 10% = $1100

$1100 50 = $22

$22 = .044BTC or 1500TECH

OK.  Bare with me, I'm thinking outloud here.  next post shortly.

so yeah, this would be entitled something like #StakeToWin Giveaway and fundraisers.

For the most part, a lot of coins rely on "Donations", but this would give people who donate something in return. so rework it a bit we could give club members a 50% discount on entry. 


$valueofprize * 25% (for further TECH funding) number of eligible wallets = entry cost for members in BTC or TECH

For example, our monthly prize is a $1000 TV.
50 wallets eligible
Current BTC price is $500.
Current TECH price is 3000 Sat

$valueofprize * 25% = $1250

$1250 50 = $25


50 Club member entries @ 50% discount
@
$12.5 = .025BTC or 830 Tech
brings in $625

25 non member entries
@
$25 = .05BTC or 1660 TECH
brings in  $625

If we look at the long term of this, when 5 of these drawings have taken place and the same values are in place, non #StakeToWin members would have paid 8300 TECH to enter all the contests, while #StakeToWin members would have paid 4150 + the original 1000 TECH. 

Over time we may have to rework this, but I think it can be a great start.

At this point, I am looking at a big monthly prize, and 2 smaller bi weekly prizes.  We can use additional funds for further development, along with occasional free giveaways. 


Then, at some point, we should be able to administer this whole thing directly from the TECH wallet:
Advertise the contests/giveaways perhaps with a calendar of planned future giveaways
allow contest entry directly from wallet as your entry will be associated with your Tech Wallet address


 ok. my brain hurts.    more input is appreciated.

sounds good. just gotta keep the ideas flowing here and trying to spark a conversation.

Your input, my friend, is what this coin needs.  Reading your comment I began thinking about my major concern for Crypto, and that is ease of use.  So when Grandma wants to start to use a currency, it should be as easy as swiping a credit card.  This will lead to mass adoption faster than anything.

It kind of gets away from the premise originally behind this coin, but an idea would be to build the coin around trying to get mass adoption of not just TECH coin, but also technologies in general.

If we aimed to make TECH as easy as possible to interact with, and also built around the premise of teaching newbies all about Tech, we could be on to something.   how about streaming educational videos right to the wallet via blockchain or p2p functioinality.

include a nice video/powerpoint tutorial upon wallet installation?  This would outline the premise of crypto, the missions statement of techcoin, and then go on to give instruction on how to backup, encrypt, use the wallet.
From there, we could expand into different realms of technology