Congratulations jaybeeuk! The first contestant. Very good indeed.
David, maybe you can just set the rules for participants to the time/day they entered. Not really a good way to select candidates, however, most people know of this now so they can get in line behind those candidates that have already applied. Or will the pool of candidates "stake" and have a "candidate weight"? LOL. Kinda funny if you did it this way....might add a little fun to the mix. Just a suggestion as either way will get the job done and it is a very good plan!
LOL at the Staking Queue for a HyperLoan !
When i see something great it just clicks on my head. And this did. Presstab, David, please take this idea into consideration.
HYP community will be the only one in cryptoland that welcomes interested newcomers or members alike in a queued wheel of wellness!
Of course some rules should apply, non-BTCT newbies or negative feedback accepted, etc, but this can be potentially great!
Even the system could be self-sustainable. Example. David said he will commit 16K to this, 4 batches of 4K if i understood well.
We can do:
1st batch-1st in line
2nd batch-2nd in line
3rd batch-3rd in line
4th batch-Own staking to "HyperLoan Fund": it gives about 2500 extra HYP
5th Batch- 4th in line (funded with the 1st in line HYP back)
6th Batch- 5th in line (funded with the 2nd in line HYP back)
7th Batch - 6th in line (funded with the 3nd in line HYP back)
8th Batch - Hyperloan Fund - the 6500 HYP stakes up to about 10,500 HYP (according to WebMath.com haha)
9th Batch - 7th in line, with funds from 4th...
10th Batch - 8th in line with funds from 5th..
11th Batch - 9th in line with funds form 6th...
12th Batch - 10th in line with Funds from Hyperloan! 2500 are back to original donors of the experiment, and 4000 stake again to create 2500 more!
And so on... In three months, the Hyperloan is starting to return the original donor funds, while mantaining a nice surplus to cover any possible fraud from any of those first 12 candidates. This rotation can be endless!
This is just some idea... Discuss?
