Way back the plan was for the coin to be minable, has there been any change to that?
IMO, as I've said before, the simplest route is almost always the best one, so why not just make it a token? The more tokens u hold the more % of the pie you get. Simple.
To make it minable just seem counter productive and confusing. It's sortof paradoxical as well, that the first real project on safenet needs a blockchain, but it sortof doesn't.. And almost all ICO's as of late have just given their investors Ethereum tokens and not created their own blockchain, for kinda obvious reasons. Often after weeks/months of research to find the optimal structure. Some of the projects are comparable to this one IMO.
The mining thing brings with it many other "problems" in a way I think, there is for example a "cap" on what people might expect in gains within a certain time period, If I'm not mistaken at about x10 mining becomes profitable. At which point, new coins come into existence slowing further gains (as the inflation kicks in). Investors generally don't like this. We want high risk sick returns. Not high risk good returns
Someone might say, who cares if the investors makes x10 or x1000. Well I would argue that is the most important thing of all. The investors comes first and they are the first users. If many people stand to profit they are more likely to use and recommend the product. Which the best example of is Bitcoin obv.
I'm assuming that from the plethora of coins this one might not be that popular/known amongst the miners as well and that will obviously negatively reflect upon the value. Maybe I'm wrong on this one and I'm missing some logical piece. I vaguely remember that this particular concern was maybe not a problem.
Anyways, super stoked about the project. Anticipating seeing what the product ultimately is. I hope we haven't steared to far away from the original idea, which was, if I'm not mistaken. "an open and decentralized forum platform type of thing."
I as many others wish that more information was given about progress and such, but I respect and acknowledge the importance of holding the cards tight to the chest. Good luck