COFFEE-COIN WHAT IT IS
Coffee-coin is a token with the function of tipping that with the command !COFFEE goes to send a fraction of the token COFFEE to those who received as a response of their post/comment the command.
TIPPING LEVELS
COFFE-COIN will have the following tip levels , which will have to comply initially with simply keeping the tokens in one's wallet and later will have to be staked as we will see in the road map later in the post.
TOKEN SALE
As you also see the token sale is very close , today that we are writing the post there are 3 days left , anyway now we are going to comment on everything we are going to do with the token sale.
NUMBER OF TOKENS PUT UP FOR SALE.
The number of tokens that will be put on sale will be only 1000 tokens at a price of 0.50 HIVE x token
NUMBER OF TOKENS GENERATED
The number of tokens that will be generated in all from 01/12/2023 until the recalculation of tokens to be generated in 10/12/2024 will be 2825 tokens
As we have already seen 1000 COFFEEs will be for sale and another 1825 will remain on the @pgm-curator account which for the time being will support the project by going to send COFFEE-COINs to those who will use the !COFFEE command
We decided to generate a total of 2825 coffee-coins because we did the calculation of how many tokens will be issued at most by the users who will have coffee-coins in their wallet and the total is 1815 , we for safety will go and generate 2000 so you don't have to be afraid of having miscalculations.
UTILISATION OF TOKEN SALE RESOURCES
All resources from token sale on HIVE-ENGINE will be taken and staked in the form of HP , later delegated all to @pgm-curator who will go and give liquid HIVE - PGM - THG to the account , all these resources will be reinvested in the project.
Every week we will make a post updating how many liquid HIVEs we have taken from @pgm-curator and then we will go and make the purchase of the tokens.
This will serve to keep the COFFEE-COIN market alive and most importantly limit inflation.
These tokens will be able to be: sold - kept - burned.
All this will be decided as time goes on , but we want to have all the liquid assets of the account in COFFEE because we believe the value can go up over time and to let the community know that we believe in what we are doing.
STAKING ACTIVATION
Staking will have two changes in the design:
COMMAND FUNCTION.
Since the token will have the staking function, the !COFFEE command will have to esse in stake and no longer liquid in the wallet to work.
PASSIVE STAKES
With staking we have decided to go and send 25% of the resources from the delegation of HPs to all COFFEE-COIN holders , so as to go and give liquid HIVEs to those who support the project and hopefully these liquid HIVEs will be reinvested in COFFEE.
Of course the remaining 75% of the resources will still be reinvested in the COFFEE-COIN market.
DELEGATION ACTIVATION
On 01/07/2024, the possibility of delegating token stakes to other users on the chain will be activated.
With this update, even those who have received tokens in delegation will be able to use the command !COFFEE
This function will be regulated with the following updates to the code:
The tokens will have "value" for the code until the user who received the tokens reaches 10 COFFEE in his wallet , the remaining delegated COFFEEs will lose their power for the code (update that will stop the token at command level 1)
Locking the command between user1(user1 who has delegated) and user2 (user2 who has been delegated) to avoid COFFEE farming with multiple accounts.
This update will bring new users closer to the !COFFEE command
RECALCULATION TOKEN ISSUE
On 01/12/2024 the calculation of tokens will be recalculated and they will have to be generated according to the needs of the community
POOL COFFEE-PGM
On 01/03/2025 the COFFEE-PGM pool will be created so that COFFEE and PGM tokens can be bought and sold
POOL COFFEE-PGMM
On 01/06/2025 the COFFEE-PGMM (PGM mining tokens) pool will be created so you can buy and sell with COFFEE and PGM tokens
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