Re: [IOC][ I/O Digital ] I/O Coin - Identity SideChain - Private Messaging - POS I/O
You can't mine this coin. It is PoS. It has a fair launch with a PoW phase that lasted 14 days. So plenty of time for people to Mine, then buy on exchanges after.
I see more coins are going to loyal holders, from the sell offs happening on exchanges. This is good, but the wallets on Bittrex are growing, which is very bad. Make sure to transfer coins into wallets. The longer these big wallets stay there, the lower the price of the coin will keep dropping.
Staking is currently at 63% which is very good, but lets try and break 70% and have this as the new average.
I see more coins are going to loyal holders, from the sell offs happening on exchanges. This is good, but the wallets on Bittrex are growing, which is very bad. Make sure to transfer coins into wallets. The longer these big wallets stay there, the lower the price of the coin will keep dropping.
Staking is currently at 63% which is very good, but lets try and break 70% and have this as the new average.
Sorry, but these short term PoW coins are starting to look like a scam now. At the time this was launched it was the normal thing to do. If you think about it... you just randomly gave away coins to people who were around, knew about the coin and had money to mine. This would be considered an "instamine", definitely not a "fair launch".
My idea is to add in a new premine for development/marketing. Since 14 day PoW is already considered a scam or an instamine, it wouldn't hurt to add in a new premine.
If holders hold and buyers stay. You could give away $2 worth of coins to 100,000 users and be bigger than litecoin.
I too am sorry....you seem quite uninformed.......
they just didn't randomly give away coins...miners who supported network earned coins by providing hash to solve proof of work..that how these things usually work.
its was a very fair launch....not at all considered instamine.....so please check your facts.... .where you even around last year?
your idea sounds more like a scam than anything...a new premine !
if you consider what this team has accomplished a scam...please feel free to stay away.
far away ...please
I own some of this coin and would like to see it succeed. Promoting it as a "fair launch" coin is a bad move because it was instantly mined in 14 days and then further increased the instaminers bags through PoS.
I would take a different approach and try to minimize the instamine. An additional marketing premine would minimize the instamine % of coins.
If the new premine was distributed well and attracted new users, I would be happy to have my IOC % diluted. I would hope for a substantial increase later due to a larger community involved in it.