Re: [ANN] Expanse (EXP) - Fair Launch, No ICO, Community DAO, based on Ethereum
It doesn't matter.. price will adjust. For 100 satoshi the premine is cool.
Also premine has nothing to do with decetralization.
It is supposed that you don't need trust when it comes to cryptocurency and blockchain.
When you add trust you add scam. Sooner or later.. Same think with goverments, banks and religion. Good luck to believers
Also premine has nothing to do with decetralization.
It is supposed that you don't need trust when it comes to cryptocurency and blockchain.
When you add trust you add scam. Sooner or later.. Same think with goverments, banks and religion. Good luck to believers
That's sort of my point exactly. The 11 million coins are just a giant value destroyer and we can't trust that they go to any project of value. It would be ok if the dev fund was reasonable but with a few hundred thousand coins in existence and 90%+ premined in a 'fund' it's just not even worth paying attention to this project anymore.
I mean common, EXP is down 99% since it started trading with 395,193 mined and 11 million in a 'dapp fund' that can and likely will dilute the market 25% on a weekly basis. The market has spoken, and it absolutely amazing that the devs don't listen.
I find it sad, cause I do believe the devs are competent. Just apparently don't care about preserving any value in the project, or having anyone mine (mining Hash power is down something like 80% in 3 weeks)