Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield
by
newra
on 09/07/2015, 16:14:35 UTC
Quote from: prefontaine1982 on July 09, 2015, 01:30:07 PM
Quote from: ObscureBean on July 09, 2015, 12:46:17 PM
Quote from: Doging on July 09, 2015, 09:33:30 AM
Quote from: dadingsda on July 09, 2015, 08:40:43 AM
fully mined? op says 16,180,000 total coins , cmc about 5,3 mil. Can anybody explain, please.
NAUT was originally supposed to be 16 mil but inflation was too high.


So the total supply is now only 5,3 mil? Wow that's awesome! I just found out about NAUT from reading this article on Flipboard http://www.c[Suspicious link removed]m/id/102815706 (twitted it immediately  Wink ) The project sounds really interesting/promising, I went and bought some on Bittrex  Smiley
BTW you guys should update op with the correct coin supply.

I'm a long time supported of NAUT and I don't recall anything about inflation being too high and cutting down the supply to 5.3 million.  I'm pretty sure it's still 16.1 million coins.  If anyone has any credible info on the supply please correct me if I am wrong.

Vlad you stated that this coin is fully mined, how did you come to this conclusion?

Cheers.

I believe this happened during the POS transition craziness. The mining rewards were set to stop around ~4 Million coins and POS was supposed to kick-in.
I wonder if the mining rewards were reduced during that period. I am not sure about that part, but 5.3 M total supply seems to be about right.

Edit: Of course everyone knows what happened to the POS idea, so I am not commenting on that.