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Shift SHIFT
8
Price, BTC
0.000013033
ETH
0.000166063
USD
0.652574
1h
0.00%
24h
0.00%
7d
0.00%
24h volume, BTC
0
USD
207

Shift: Block Reward Division to the Project Wallet

170
Added 1/1/2018 3:30:02 PM
March 31, 2018 Source

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.

Shift price changes after event publication
Now
98.16%
Added 3 years ago. All Shift events on the chart.
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Added by
Yan
During the whole time of Shift monitoring, 31 events were added:
 12 updates
 7 brand events
 5 releases
 2 exchange events
 2 general events
 1 hard fork
 1 event related to testing of new functions
Past Shift events
Nothing found
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Yan Khavanskiy