Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Community Coins & Tokens => Everscale Forum => Topic started by: Alex077 on May 28, 2021, 11:44:14 AM
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Meritocracy is the concept on which the logic of token distribution in Free TON — and even broader — the entire philosophy of the platform is based. Blockchain creators could have gone the traditional path, announcing crowdfunding or placing an initial coin offering on an exchange. But a different path was chosen — to become a blockchain, with cryptocurrency distributed among the winners of contests.
“The power of the worthy” is a social ideal and a popular political science concept that is being tried to implement in vast closed social systems. For example, in nation-states (Singapore, UK, USA) or large corporations (Amazon, Uber). The term “meritocracy” was first used by the philosopher Hannah Arendt in 1954, and it was given wide publicity in a satirical essay written in 1958 by the sociologist Michael Young. Ideally, meritocracy should act as a new form of public goods distribution, devoid of the diseases of traditional society. Social status here should not be determined by connections, the financial wealth of parents, inherited status, or simply nepotism — in a meritocratic system, people move up only through their abilities and diligence. Sociologists warn that despite its good intentions and obvious advantages, meritocracy also carries the danger of pushing society into a new phase of inequality. But let’s not talk about it for now.
Non-financial Terms Of Distribution 5 Billion All five billion TON Crystal tokens are distributed on non-financial terms. This is now guaranteed by 5 people — the Payment Delegated Group (PDG), formed from the initial members who sign the transfer of funds from the givers. Their functions are purely technical and temporary — we will explain this a little later. Givers are three smart contracts for which all tokens were distributed at the start of the platform in the following ratio.
Read more .... https://freeton.house/en/free-ton-meritocracy-how-tokens-are-distributed/