Post
Topic
Board Announcements (Altcoins)
Re: [ANN]RippleLite [XPL]Scrypt Hybrid|POW/POS|100M+POW Coins Created|POS=50% Yr
by
RippleLiteTeam
on 10/01/2015, 16:31:21 UTC
The total amount of 100 Million?
Block 1 reward? ? ?


The total amount of 100 Million?

Correct. Since this is RippleLite [XPL] the 100% pre-mine goes without question and we are pleased with its distribution. (Still in process however for the most part determined before launch)

Block 1 reward? ? ?

The single block POW emissions which will run indefinitely were kept that way for a lot of reasons. Mining them being the last. If people other than the paid nodes wanted to mine them one coin per block only increases the rarity and value of this coin. These coins were in tended to be obtained through the faucet and the gaming platform that will pay all players in XPL just for playing and added bonuses based on skill and luck, if all works out well. Most recipients of the distributed donations all plan to hold onto their principle amount and only get rid of what stakes in their private wallets in order to keep the coins rare and difficult but not impossible to obtain in large numbers in order to increase value. Mining is discouraged but is useful in helping secure the network and one day could prove to have been a good choice made during this time and stage in the evolution of CryptoCurrencies.