Shift: Block Reward Division to the Project Wallet
One of Shift’s strengths is that it has used an entirely equitable model of token distribution. However, increasing project development funds would help Shift remain ahead of its competition as well as maintain the business development and marketing activities necessary for becoming a market leader. The Shift Team furthermore pays its primary development and marketing personnel a salary, and intends to hire additional developers. We are therefore seeking consensus to reserve 0.1 SHIFT out of every 1.1 block reward that is forged, for the purpose of supporting the project’s growth. Because this requires the consensus of the network, the Shift Team understands the need for and shall provide transparency about the purposes of this funding. Specifications will be presented in the Introductory White Paper (JAN 18).
Decreasing a block reward means that miners supporting the cryptocurrency mainnet will receive a lower reward for found block. Typically, the block reward is halved and leads to a decrease in cryptocurrency emission, which can positively affect the growth of its value.
7 brand events
2 exchange events
2 general events
1 hard fork
1 event related to testing of new functions