A utility token on Smart Bitcoin Cash to bootstrap our Coinmarketcap alternative?

Hello everyone, we are making good progress with our alternative to coinmarketcap that centers on the Bitcoin Cash ecosystem. Many people mentioned there are tons of similar sites and we agree, so we came up with a different site structure that also provides price and project discovery by pairing it with a Reddit-like thread function.

We are thinking of ways to improve our chances to succeed and are considering besides tips similar to read.cash; creating a utility token that could work something along with the following. We will distribute a token for free to EARLY members that create good content, answer posts, and remain active. To give actual commercial value to the token we would then bring the most popular Ethereum smart contracts into Smart Bitcoin Cash and back it with the same KoingFu token. As an example the Uniswap contract sends dividends of each swap to the holders of the UNI token, it would work the same for us. A small fee is charged on each swap and sent to the holders of the KoingFu token.

The token could create an incentive strong enough to bootstrap the community, and also generates value for those holding the token. We would distribute 50% of the token to the early community members, 30% of the token to the supporters in our flipstarter, and keep 20% of the token to fund the project.

Should we go ahead with this idea? are there better alternatives that would help us bootstrap the site? Our proof of concept is almost ready, we are now working on creating a reliable source of pricing data to push into charts and the front-end.

We believe our platform could not only strengthen the Bitcoin Cash ecosystem, but also bring new users into it.

You can see the site at https://www.koingfu.com (does not work on mobiles just yet), registration, and most basic features already work.

submitted by /u/estebansaa to r/btc
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Quelle: bitcoin-en