Quote from: Berkeley on September 16, 2015, 12:56:22 AM

Quote from: NeuCoin Project on September 15, 2015, 10:25:58 AM

Coin holdings restricted for use or sale
First of all, unlike any other cryptocurrency project, all members of the founding team, angel investors, and service providers of the NeuCoin Project have agreed to the imposition of use and sale restrictions on the NeuCoin tokens they have received or will receive. Restricted coins become unrestricted according to the following schedule:

2% of holdings per month in the first year
3% per month in year two
4% per month in year three
5% per month in year four
6% per month in year five
After year five, all restrictions expire

Illustration of how the re-sale restrictions work in practice
Consider an angel who owns 1 million NeuCoin tokens on the day of launch. For the first month after launch, the angel cannot sell any NeuCoins; indeed the angel does not even have any access to the private keys for his/her tokens. During the month, assume the angels NeuCoins grow to 1.08 million due to POS rewards. At the end of the month, 2% of 1,080,000, or 21,600, would become unrestricted and sent to the address of the angels choice. At the beginning of month two, the angel has 1,058,400 restricted NeuCoins. During the month, assume this restricted coin balance grows 7.9% from POS rewards to approximately 1,142,000 coins. At the end of the second month, 2% of this balance, or 22,840 coins, become unrestricted, and will be sent to the angels address. And so on.

This seems ok. Makes everybody motivated to increase the value of the coin, at least for 5 years.

Yeah, seems ok. Till you crunch the numbers.
Do the math. You will see it is a ponzi?

$40m will be paid to founders/team/angels in just the first 3 years alone, at presale prices.
That's the equivalent of a presale every month for the next 3 years.

Do the math yourself.
neucoin wont do them for us.
Can't understand why they don't want us to know?