Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [COV] Coven [3% PoS/33k Supply][Indistinguishability Obfuscator/Anno Feat]
by
drakoin
on 08/05/2015, 16:36:27 UTC
On the other hand, no one forces that same developer to sell all his coins at one of the mentioned prices.
I have given them only, because those prices shall provide the explanation that 5.5% of the supply can become an awful lot of money. That is why I also wrote:

... dollars, or more ...

If an interested dev comes around, and continues to develop this coin over a long period of time, he knows that he can help to extend the price rise into a looooong upwards phase.
Slowly selling these 5.5% will give him much more. MUCH more. e.g. 1860 COV * 0.004 BTC/COV = 7.44 BTC

But I understand your doubts. Perhaps the payout structure should reflect that? Stepwise, whenever a roadmap step is implemented, he gets another batch? There are many ways to organize this.