Proposal: Meet JACKAL

Hey SCRT Team,

We are the JACKAL Team and wondering what the interest would be for a partnership with us. Were building a decentralized file storage solution using the Secret Network that is fee-free using the Pylon Protocol also.

Our long term goal is to be a DAO that provides cyber security, digital forensics, and investigation professional services along with our decentralized file storage product.

Our lite paper is below,

Cheers,
JACKAL Team

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This looks useful. Love the simple idea and the synergy of Secret Network, Pylon, and Anchor.

I wish more projects relied less on upfront private investor funding and used more airdrops and community owned LP to distribute tokens. It’s easier to invest in projects where the founders demonstrate more confidence in their dao and in their project. 15% upfront from investors and 32% vested ownership isn’t unusual, but it should be.

Thanks for the response EasyRider, we appreciate all the feedback we can get on our project :slight_smile:

What would be your ideal ownership distribution? Our Lite Paper is just a working document and growing with us.

We are currently planning on airdropping 10% ownership, 10% for pylon gateway investors if accepted, and 5% in Seed. Let us know what you think here or reach out to us directly in our discord! J A C K A L

Personally, if I were you, I’d cover your immediate costs with the investors, drop the founder’s cut as much as possible, and put as much of the circulating supply out initially as you can. You are setting all the terms and know exactly what’s going on; set the coin to dump to the public stupid cheap, and buy it like you have more confidence in yourselves than anyone else will.

The price growth will be more organic, your tokenomics graph will be something to brag about, there’s less lockup for both sides to worry about, and you’ll make tons of money. It’s win-win, because you don’t really want lock ups that limit your flexibility (and make you rely more on investors to pay your bills), and I don’t want to worry about the circulating supply and dynamics changing later.

I don’t think projects gain as much as they imagine by trying to cut themselves in more initially (unless you have governance concerns that need to be worked out).

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I was told there would be an airdrop for Secret holders. How many secret for how many coins, i am trying to decide how many of which coins in my cosmos i should hold… also running my own project and will be contacting either secret or cosmos in the near future… rEaL

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They did an AMA over Telegram yesterday and responded to questions regarding their upcoming airdrop.

Q: WEN AIRDROP???

Emory | JACKAL Lead Economist [3/12/2022 12:18 PM]

A: “Airdrop will probably be within the next month. Please stay tuned to our social media channels. You’ll have plenty of time to delegate your stake!”

Patrick D. | JACKAL Labs

A: “lol. Full details will be coming out tomorrow or Monday” [3/12/2022 12:18 PM]

They also have a currently ongoing incentivized test net, which you can find more info on how to participate & what they are looking for in terms of feedback here:

As far as specific details regarding the airdrop qualification / allocation goes, usually projects tend to try and limit how much info they provide to reduce chances of gaming it. However, on their website they have an airdrop section which currently reads:

“JACKAL is still in early development. JKL Tokenomics are subject to change as the Economics Team conducts an economic review, to ensure JACKAL Nodes will always be incentivized”

Source

You can expect more concrete updates very soon, however it is safe to assume a qualification will be to have your SCRT staked with a non CEX validator (Coinbase, Kraken etc.) and to try and delegate to a validator outside the top 10-25 who is active in governance & maintains a high uptime. To be safe, you really want to stay away from the 0% commission validators and take some time to go through the list on MintScan. Do a bit of research into the validators and get an idea for how they contribute to the ecosystem. Most have links to their websites which provide further details about their operation.

Also, come and join us over in JACKAL’s official Discord. The developers and rest of the team are extremely active and open to answering any questions you may have about the project.

They also will be allocating a portion of the airdrop to LUNA & ATOM delegates as well, if you are trying to optimize. Although I am pretty sure they mentioned a larger portion earmarked for SCRT.