On Nov.1st we started putting together a few thoughts on what is happening with Madbyte Coin and the direction we are taking. We mainly chatted about the Madfund. This time our focus is on how the fund is controlled and who gets a say in how it is allocated as well as what new things have happened in the last couple of weeks.
We are now listed on CoinsMarkets exchange. They use 9 decimal places when most other exchanges use 8 decimal places to show the BTC value of a coin. Smaller exchanges like this are great extra support for our coin going forward. https://coinsmarkets.com/trade-BTC-MBYT.htm
If you wish to store your coins on a paper wallet for safekeeping, WalletGenerator has added the Madbyte Coin to their website. Follow the instructions to create and load a paper wallet at their website. https://walletgenerator.net/
We are working on launching an update to our website. This should happen before the end of November. You will be able to see a few of the core members with their real names and bios, not just our nicknames as well as better explanations of what we are about.
So who controls the Madfund we spoke of last week? The actual coin holders will control it. The larger your holdings are the more say and voting power you will have. Also, the longer you hold your coins in a wallet address the more control you have. The Madfund encourages holders to stay in for 1 year or more to gain real power. On Dec.1, 2017 we will talk more about what we mean by larger holdings.
So what are we looking forward to going into the last month of the year? The release of a new website, our membership site, and our first private investment phase.
If you are interested in investing in Madbyte please connect with us though email or discord.
All the best from the Madbyte Team