Re: [ANN] [HANSA] ★ First Auto-Verification Payment coin ★ BOUNTY JOBS OPEN
Pre-mine seems a little large, if it had been smaller we may have looked at adding you to CryptNZ.
To put in perspective, you would have to mine every single block for roughly 5 days to have the equivalent to the same as the pre-mine (at the 200 reward per block) which is equal to ~3387 Blocks.
To put in perspective, you would have to mine every single block for roughly 5 days to have the equivalent to the same as the pre-mine (at the 200 reward per block) which is equal to ~3387 Blocks.
The problem with the pre-mine is that we have no control over how it is spent. It could be spent in any which way and they could just say that they paid someone to do some work.
The bigger problem we see is that essentially the pre mine is already rather large (2.5%) and the fact that the block rewards are low and get even lower quite fast.
So essentially they will "own" the majority of the network for quite some time.
Which we see as a rather big risk for our traders and customers hence the decision not to list HANSA.
2.5% premine is nothing compared to paycoin's 99% premine...
Let me clarify about "2.5% premine".
All mined coins are under Proof of Job.
This means: There is Open jobs with bounty reward.
Any one can make that job and get reward.
If I make it, I'll get reward. If you want to do it, you will get reward.
Everyone can see when job is done.
For Marketing jobs, I will mark who is project maker, so everyone can look if there is marketing campage running.
This is why I call that Proof of Job, not premine. No one will not get any PoJ coins without finishing project.