September 6th: More team and parameters

Karmashark wrote:

@everyone I am proud to announce we have a new official member of the team in @stonehedge. Dan has extensive experience in the industry and most recently comes from the Crown project (CRW) where he has been instrumental in helping them develop from the ground up. Dan will be taking on the critical role of Project Coordinator and his main duty will be to ensure the Enterprise groups are coordinating efficiently with the on-chain, day to day team's work. He also has strong relationships with several of the team members that go back many years, an invaluable facet that the network will benefit from.

I will expand upon the full duties of the role in due course as we put together a framework for how these pieces are going to be interacting in the post-launch environment. This is a very good day for Helium as he represents a major IQ boost in not just all things blockchain but specifically in securing talent that has experience in active blochchains that have a similar style of governance system to us. I will have more announcements to make over the coming weeks as we begin to make our presence known in the industry.

Welcome aboard Dan!

stonehedge wrote:

Thanks everybody. It is with a very heavy heart that I have left the Crown team. I've had a fantastic two years there but it's time for a new challenge. I think it's fair to say that Helium is going to be a good challenge!

teela wrote:

@everyone it is time to come to a final agreement. We've had a year to debate, discuss, fight and work together to get where we are now. And we had this week to pinpoint the last numbers that were still missing. I think we did that and I think it is time to come to a conclusion and finally launch our chain.

The below is the result of a whole year of discussion and a poll here and there. I did ask around and by all means these are sensible numbers. It'll produce a stable blockchain.

Moonshot will do the PoW/PoS conversion privately in a few hundred blocks (as much as he needs) Afterwards, PoS will be public. We'll have a reduced reward of 0.2HLM for the first ~20000 blocks (2 weeks)

Full reward of 5 HLM per block kicks in after this reduced reward period.

Moonshot will replace the genesis block disbursal by a premine and a disbursal script.

Coin parameters:

Block reward reduced reward (block 1 - ~20000) : 0.2 HLM

Block reward (block ~20.000 - 526000): 5 HLM
Decreases by 0.5 every 526000 blocks until it reaches the tail emission of 2 HLM.

block time: 1 minute

Initial supply: 8890000 (snapshot balance)
Supply end year 6: 20627000

Masternode collateral: 1000

Masternode/Staking: 50/50

Governance subsidy: 7.2% (disabled at launch. Enabled by spork by the community once everything is in place)

KarmaWolf wrote:

Helium has paid for pilots via the Helium Blockchain Alliance that has a goal of help shaping what BIM level 3 will look like (Building Information Modelling). BIM is the standard all government approved infrastructure contracts are held to and the industry is slowly making its way to level 3 which will include IoT and blockchain to help streamline the complexity of these currently disjointed supply chains. We spent a sizable amount of time early on ensuring we had the right companies in place who had the need to assist us so these pilots were paid for by them given what we are offering them in return. This was one of the keys to our future success as we have a captive audience now and are the first blockchain to address this need that impacts every nation on Earth that adheres to BIM.

Helium is an independent blockchain so it gives us the creative freedom to develop our second network layer to "fit" what these industry giants are looking for when they actually start breaking ground on construction projects that are integrating BIM level 3 technologies and principles. This includes people like the UK government itself, IBM, Tata Steel and many others. By taking this route Helium is allowing these participants to build the new rules of the road for the future of construction projects of scale. Introducing Smart contracts allows us to help facilitate much of the hand-offs in these complex supply chains (think of a series of elevators being delivered from a supplier to the installers of the elevators in a new hospital constructio in the UK). The materials within the elevator are all tracked from day 1 as well as the transfer of ownership is marked complete as there is a contractual obligation between hundreds of various parties in such a large infrastructure project such as the building of a new hospital / stadium / government building.

We will then not only be tracking and giving provenance to the various materials encompassing the items in question going into the project but also help streamline the transfer of ownership in the supply chains and helping tie up contractual obligations. a BIM file may include blueprints and information from the manufacturer about how it is to be installed, service requirements, end of life requirements and even recycling considerations (which triggers a new supply chain).