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Thanks, that was a good read. And raises a lot of questions in my mind. They are going to use PoS mechanism. So, I had to look at the token distribution scheme

Thanks, that was a good read. And raises a lot of questions in my mind. They are going to use PoS mechanism. So, I had to look at the token distribution scheme. 4% by the team and 52% by "Ton Reserve", which I think is not explained. With only 44% held in hands of non-Ton people, is this even decentralized?

justinjlynn 9y ago
If it's proof of stake and the majority is held in a single hand and the proof of stake required isn't a supermajority... then it's basically a database under the control of one entity.
RobLach 9y ago
> is this even decentralized? not in the least
xorcist 9y ago
ICOs aren't decentralized. They are tokens sold by an entity that premine them and generally control most aspects of the project. There might be exceptions, but I can't think of any.
- thisisit 9y ago
  So are you saying when Ethereum did ICO it was not decentralised? And you do realise this will have its own blockchain and only reason there needs to be a blockchain is "decentralisation".
  - xorcist 9y ago
    Ethereum didn't even exist when it ICO'd, neither in code or in blockchain.