888 moving to Counterparty - OCTO
...We will create 88.8 Million OCTO total but will only distribute the burned 888/OCTO at first...
Why so much?
Let's make as many coins as are burned.
I'm guessing to have it 888 in number. its either that or move the decimal and have it 8.88 million, but then I doubt burn would be 1:1 ratio.
That could be a simple solution though, instead of a 1:1 it would be a 1:10 ratio. That would be up to this community. As for "Why so many coins" If you only distributed what is burned, then only those who burn 888 will receive 888 and there will be no more for expansion. So future folks looking to eanr 888 could not.
Think of it like there is still 888 that could be mined, so there still needs to be OCTO that can be folded