I have been checking out Stellar.org and Stellar Lumens.
I tried to understand what the team envisions and how to achieve their goal.
Well, I would say I got the idea of the Stellar project.
But I am having a hard time to understand Stelar's distribution plan which is described on the linked page below. (https://www.stellar.org/about/mandate/)
This is the brief of the plan.
50% for distribution via the Direct Sign-up Program
25% for distribution via the Partnership Program
20% of distribution via the Bitcoin Program
5% held by SDF to support operational costs
What I am most concerned about is the Direct Sign-up Program and Bitcoin Program.
This plan seems primarily focusing on expanding the network and adoption of XML with a massive giveaway (pretty much all Lumens) over time.
I am very confused with the words they used in the description like 'free lumens' and 'giveaway'.
To me, it almost looks like Lumen is not initially designed to store a significant value as currency.
There are only 20B in the market currently. What is the meaning of BUYING these Lumens if the rest 75B are free.
Is there anyone who can elaborate their distribution plan of the 100 billion lumens?
I just wanted to know more about it. Thank you.
