Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
by
tempus
on 26/09/2015, 09:31:08 UTC
Some questions:


This is the distribution, if it's still actual:


"Three billion pre-mine allocation:

- 2.4 billion held by the three non-profit foundations: 0.4 billion - Code foundation / 1.0 billion - Growth foundation / 1.0 billion - Utility foundation
- 0.2 billion retained by founders for $1 million of work invested
- 0.1 billion sold to initial seed investors for $250,000
- 0.2 billion sold to strategic angel investors for $1 million cash invested
- 0.1 billion to be sold in presale to crypto-community"




And this is the PoS Rate:

"NeuCoin’s economic model uses very high PoS awards, starting at 100% per year in year one and gradually declining to 6% by year ten."



They also say:

"In contrast to virtually all previous digital currencies with pre-mines, all NeuCoins held by the founding team, seed and angel investors are subject to strict re-sale provisions for five years (each of these holders may only sell 2% of their holdings per month in the first year, (...)"


And if just 100 Mio Coins now are in the hand of the Community, all the other Coins has to be seen as potential inflation. Even if the "Non-profit-organisations" never would sell a single Coin, the founding team, the seed investors and angel investors hold 5 times more Coins than the community, so they will stake much more than the community and they'll sell at least 2% of their holdings per month what means 24% of their holdings in one year. And they'll stake their holdings, so their Coin-Amount will increase at the same time they sell. Right?

 
That would be a huge inflation and just if the three "non-profit-organisations" won't sell a single coin and those who hold 5 billion Coins now and stake them just will really "just" sell 2% per month and 24% per year.


Am I right with that? Because if I'm right... how will it be possible that the price won't go down like a stone in the sea?

By the way: What will happen to the Coins the "non-profit-organisations" hold? After one year they'll hold 4,8 billion Coins through staking, right?. They'll never sell or do they sell 24% per year as well?