Civilization-grade infrastructure demands a legal foundation that is sound, durable, and philosophically reliable.
To accomplish this, we have devised a launch for Nockchain that harkens to the very inception of blockchain technology. Eschewing contemporary methods for token issuance and community distribution, we call our strategy a Fair Launch. We hope to set a new standard in the market.
With the exception of Bitcoin itself, fair competition has not been a priority in the creation of most new cryptocurrencies. Whereas Bitcoin was created through organic competition across a permissionless network of mining nodes, most follow-on blockchains have involved a pre-mine of tokens giving core developers and initial investors a large share of the supply. Most other blockchains have been proof-of-stake, so tokens generated by inflation are designated to existing stakeholders.
Most projects work in the following way. A core development team raises funds from venture capital investors, usually through a SAFE or convertible note,
with a parallel token warrant or side letter that gives investors the option to purchase tokens at a nominal price (pro-rata to their equity share). Whatever the exact instrument used, the core developers and initial investors are guaranteed, at inception, a predetermined share of the blockchain’s tokens, which is usually between 30% and 50% of the total supply.
In contrast, Zorp is developing the Nockchain protocol to be released to the world. Zorp will compete for Nocks (Nockchain’s coins) along with everyone else. There will be no pre-mine. Once launched, any computer can download Nockchain’s open source software and begin mining Nocks. Thus, Zorp does not and cannot ensure ownership of any particular portion of the supply of Nocks. Once Nockchain is released, Zorp is situated alongside every other market participant in the world.
A Fair Launch has several critical benefits.
The first is fairness. The rules for mining Nocks are tra
📌 Thinking About a Fair Launch (India)
🏢 Zorp
📍 India
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