Quote from: Hullabaloo on September 18, 2015, 01:27:14 PM

There was a premine to 6 million

But the business plan had already stated that the premine would be 5.4 million, with 600,000 for miners. That's what they said, but that's not what they did.

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and then a maintenance phase using PoW where the block reward was something like 1 BANX+fees, which is why the total # of coins rapidly went over 6M.

Mark Lyford says Banx premined 6 million. One time he did say the supply was 6,000,882, so is that what was "overmined"? 882 coins?

Another time he said miners mined about 45,000 coins. At no time did they actually go with their original claim and say that they premined 5,400,000 and miners got 600,000. Miners didn't get 600,000, and I still haven't seen anything that shows any miners getting anything at all. As I've pointed out, Mark says there is no mining on the first page of the ANN, on the first day the coin was announced.

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At the moment it's impossible to know the actual volume since the trades are off-chain on Banx.io afaik.

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On the plus side BANXshares could have been just a database of shares on Banx.io, but it was implemented as a coin instead, which is much more transparent, but clearly not perfect.

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At the moment it's impossible to know the actual volume since the trades are off-chain on Banx.io afaik.

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On the plus side BANXshares could have been just a database of shares on Banx.io, but it was implemented as a coin instead

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it's impossible to know the actual volume since the trades are off-chain on Banx.io

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BANXshares could have been just a database of shares on Banx.io

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the trades are off-chain

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just a database of shares