# Vested pillars and Key people in the crypto scene **URL:** \ **Category:** ╰ Network\ **Created:** [October 26, 2023, 7:40pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660 "2023-10-26T19:40:02Z")\ **Posts on this page:** 20\ **Page:** 3
**Author:** ![0x3639](http://forum.zenon.org/user_avatar/forum.zenon.org/0x3639/32/1651_2.png) [@0x3639](http://forum.zenon.org/u/0x3639)\ **Post date:** [October 30, 2023, 9:19am UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/42 "2023-10-30T09:19:06Z")
> [@cryptocheshire](#): > > have to click “yes” 6-8 times before the partner gets the funds. QSR = 290,000 to launch a pillar. So to manually give away a pillar would take 12 approvals. From what I read the vested pillar program was intended to be an embedded contract. Establishing vesting requirements would be pretty easy: - Uptime % (Some min threshold) - Liveliness (voting on AZs) - Voting Power (# of delegators & total delegation) Pillars could receive all the emission rewards initially. There could be a lockout period to prevent disassembling the pillar. Then the ZNN could vest based on the criteria above over some period of time. ---
**Author:** ![cryptocheshire](http://forum.zenon.org/user_avatar/forum.zenon.org/cryptocheshire/32/1348_2.png) [@cryptocheshire](http://forum.zenon.org/u/cryptocheshire)\ **Post date:** [October 30, 2023, 12:04pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/43 "2023-10-30T12:04:48Z")
There are still 50+ legacy slots we could use, no? ---
**Author:** ![TrevorLeahy3](http://forum.zenon.org/user_avatar/forum.zenon.org/trevorleahy3/32/529_2.png) [@TrevorLeahy3](http://forum.zenon.org/u/TrevorLeahy3)\ **Post date:** [October 30, 2023, 12:44pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/44 "2023-10-30T12:44:03Z")
These two ideas from the article make sense. - For this first chapter, we decided to start integrating acknowledged Validator teams, having the most experience managing networks of nodes. - The vested Pillar contract will contain a locked amount of 15,000ZNN. The Validators can unlock the coins in 4 stages (25% per stage) by reaching a preset voting power. > [@sol](#): > > Does anyone know if 150k ZNN was set aside for this? > Which address holds the funds? From another medium article looks like the Vested Pillar funds were included in the Zenon Fabric → AZ Fund. [https://medium.com/@zenon.network/zenon-fabric-paving-the-way-for-mass-scale-adoption-12f0ecd5411a](https://medium.com/@zenon.network/zenon-fabric-paving-the-way-for-mass-scale-adoption-12f0ecd5411a) ---
**Author:** ![Stark](http://forum.zenon.org/user_avatar/forum.zenon.org/stark/32/3166_2.png) [@Stark](http://forum.zenon.org/u/Stark)\ **Post date:** [October 30, 2023, 2:02pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/45 "2023-10-30T14:02:35Z")
We’ll be asking a high net worth individual to take a big risk on their reputation, operate infrastructure, and participate in governance, in exchange for what, exactly? $30k node - QSR burnt - 15k of ZNN, subject to pillars vote - $10k of current liquid value What is the narrative we are going to present in order to inspire them? What is the answer to their first question, “What is btc interop?” Let’s say they yolo and take the green pill, happens when they agree to promote Zenon and then get blowback from their followers and peers, who are liable to ask, “What is Bitcoin interop?” Is this the right timing? ---
**Author:** ![cryptocheshire](http://forum.zenon.org/user_avatar/forum.zenon.org/cryptocheshire/32/1348_2.png) [@cryptocheshire](http://forum.zenon.org/u/cryptocheshire)\ **Post date:** [October 31, 2023, 5:23am UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/48 "2023-10-31T05:23:32Z")
How has staying trapped in our own bubble anything to do with the bitcoin ethos? ---
**Author:** ![theprofessor](http://forum.zenon.org/letter_avatar_proxy/v4/letter/t/45deac/32.png) [@theprofessor](http://forum.zenon.org/u/theprofessor)\ **Post date:** [October 31, 2023, 5:35pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/49 "2023-10-31T17:35:11Z")
Good point Shazz. Touche. ---
**Author:** ![dat\_she\_pepe](http://forum.zenon.org/user_avatar/forum.zenon.org/dat_she_pepe/32/280_2.png) [@dat\_she\_pepe](http://forum.zenon.org/u/dat_she_pepe)\ **Post date:** [October 31, 2023, 9:56pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/50 "2023-10-31T21:56:00Z")
Stop the BTC ethos non sense. Zenon isn’t BTC and it was never meant to be. This is a marketing narrative and shouldn’t impact rational strategic decision making process. ---
**Author:** ![dat\_she\_pepe](http://forum.zenon.org/user_avatar/forum.zenon.org/dat_she_pepe/32/280_2.png) [@dat\_she\_pepe](http://forum.zenon.org/u/dat_she_pepe)\ **Post date:** [October 31, 2023, 10:12pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/51 "2023-10-31T22:12:55Z")
Who said BTC interop’ was the selling point for them? It could be low mcap L1 let’s bet on it. It could be anything. We’ve been hearing BTC since ages but I know 0 traders or investors who actually solely bet on FA. Especially in a bear market. Ironically, who else got a vested pillar is most likely to work. ---
**Author:** ![theprofessor](http://forum.zenon.org/letter_avatar_proxy/v4/letter/t/45deac/32.png) [@theprofessor](http://forum.zenon.org/u/theprofessor)\ **Post date:** [October 31, 2023, 10:21pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/52 "2023-10-31T22:21:58Z")
We already discussed this in TG. It was simply about choosing the right individuals. ---
**Author:** ![0x3639](http://forum.zenon.org/user_avatar/forum.zenon.org/0x3639/32/1651_2.png) [@0x3639](http://forum.zenon.org/u/0x3639)\ **Post date:** [November 1, 2023, 11:13am UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/53 "2023-11-01T11:13:47Z")
I believe those are granted to users of the network. ---
**Author:** ![Zenon\_Demystified](http://forum.zenon.org/letter_avatar_proxy/v4/letter/z/a587f6/32.png) [@Zenon\_Demystified](http://forum.zenon.org/u/Zenon_Demystified)\ **Post date:** [November 1, 2023, 1:50pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/54 "2023-11-01T13:50:16Z")
My suggestion would be to try and find a way of creating a partnership with Hourglass $WAIT, they are relatively new project aiming to take Web3 mainstream and have a billionaire (Jeff Mahoney) backing them. Importantly they can get things done, quickly. They are the project behind The Next Crypto Gem TV show, it wasn’t to my taste but it illustrates that they are a serious project. They approached some of the most influential names in crypto and got them on the show. The TV show is just the tip of the iceberg, they are announcing new deals and incubating new projects all the time, they’ve signed deals with an asset management group in Singapore, formed a VC fund and are about to make a Web3 movie with a budget 40x of the TV show. I think this would be a good way for us to get exposure, Jett Tang (@ultrastarter on X) is their leader and he is open to collabs. They are going to announce their staking app on a Layer 1 soon, so we may have missed the boat there but I believe they will become a blue chip project and it might be worth brainstorming some ideas so we can build a relationship with them. ---
**Author:** ![0x3639](http://forum.zenon.org/user_avatar/forum.zenon.org/0x3639/32/1651_2.png) [@0x3639](http://forum.zenon.org/u/0x3639)\ **Post date:** [November 12, 2023, 1:25pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/55 "2023-11-12T13:25:19Z")
Why not put a pitch book together and sell it to VCs to back a team to help deliver Phase I? We would offer them x# of vested pillars that would vest upon delivering Phase I. We could establish the deliveries. And phases to get them. Maybe they get AZ too. The VC would fund the team and have a split with them to retain pillars and AZ funds. That would be between the VC and team. We have such an amazing foundation and network design. We need to deliver Phase I. I suspect engaging a VC and team would also include some marketing and hype. @mehowbrainz how did the TC team get 9R involved with TC? ---
**Author:** ![Stark](http://forum.zenon.org/user_avatar/forum.zenon.org/stark/32/3166_2.png) [@Stark](http://forum.zenon.org/u/Stark)\ **Post date:** [November 12, 2023, 2:39pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/56 "2023-11-12T14:39:43Z")
For example: > **[Building a Decentralized Economy on Bitcoin | Trust Machines](https://trustmachines.co/)** > > Trust Machines is unlocking the potential of the Bitcoin economy ---
**Author:** ![mehowbrainz](http://forum.zenon.org/user_avatar/forum.zenon.org/mehowbrainz/32/1532_2.png) [@mehowbrainz](http://forum.zenon.org/u/mehowbrainz)\ **Post date:** [November 14, 2023, 1:57pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/57 "2023-11-14T13:57:29Z")
> [@0x3639](#): > > @mehowbrainz how did the TC team get 9R involved with TC? I was loud in the outbound until a guy named Gavin reached out to me via DM, I brought him to the TC leadership. His team later formed 9R and began their contributions to TC. They cleaned up TC real good. ---
**Author:** ![0x3639](http://forum.zenon.org/user_avatar/forum.zenon.org/0x3639/32/1651_2.png) [@0x3639](http://forum.zenon.org/u/0x3639)\ **Post date:** [November 15, 2023, 10:59am UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/58 "2023-11-15T10:59:05Z")
do you know how are they compensated? ---
**Author:** ![mehowbrainz](http://forum.zenon.org/user_avatar/forum.zenon.org/mehowbrainz/32/1532_2.png) [@mehowbrainz](http://forum.zenon.org/u/mehowbrainz)\ **Post date:** [November 15, 2023, 7:51pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/59 "2023-11-15T19:51:49Z")
I’d assume some allocation, but I don’t have a labelled tx which would confirm it. If it wasn’t for 9R, I don’t think THORChain would be as successful as it is today. They implemented THORsec/audits, streamlined efforts across the board. ---
**Author:** ![0x3639](http://forum.zenon.org/user_avatar/forum.zenon.org/0x3639/32/1651_2.png) [@0x3639](http://forum.zenon.org/u/0x3639)\ **Post date:** [November 16, 2023, 11:46am UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/60 "2023-11-16T11:46:46Z")
ya, I agree. 9R took TC to where it is today. Mad props to what they have accomplished. They deserve their current success. ---
**Author:** ![cryptocheshire](http://forum.zenon.org/user_avatar/forum.zenon.org/cryptocheshire/32/1348_2.png) [@cryptocheshire](http://forum.zenon.org/u/cryptocheshire)\ **Post date:** [November 16, 2023, 9:54pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/61 "2023-11-16T21:54:15Z")
Now that they’re rich, can we convince them to come to zenon? ---
**Author:** ![0x3639](http://forum.zenon.org/user_avatar/forum.zenon.org/0x3639/32/1651_2.png) [@0x3639](http://forum.zenon.org/u/0x3639)\ **Post date:** [November 16, 2023, 10:44pm UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/62 "2023-11-16T22:44:02Z")
good question. @mehowbrainz think you could get them interested? ---
**Author:** ![mehowbrainz](http://forum.zenon.org/user_avatar/forum.zenon.org/mehowbrainz/32/1532_2.png) [@mehowbrainz](http://forum.zenon.org/u/mehowbrainz)\ **Post date:** [November 17, 2023, 3:48am UTC](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660/63 "2023-11-17T03:48:50Z")
No chance in a lifetime. They’ve got too much work at TC, and Gavin seemed to have had a centralized version service of THORChain IRL (from what I recall), so it seemed like a natural match for him. [Previous page](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660.md?page=2) [Next page](http://forum.zenon.org/t/vested-pillars-and-key-people-in-the-crypto-scene/1660.md?page=4)