Post
Topic
Board Announcements (Altcoins)
Re: {Ivugeo Evolution Coin} {And now[IvugeoExchange.com]is opened!}
by
bizz
on 02/12/2015, 10:51:14 UTC
I guess that 51M premine had some  function (gold? silver?). Since devs only have 9M left, what is your plan for those coins? How will they be used?

Quote
9M IEC (as I said - for payments on ivugeo.eu, future investors, bounties, other servicies and iec atms)

https://bitcointalk.org/index.php?topic=1026371.msg13128045#msg13128045
Not sure I understand: So no more gold & silver thingy? Entire premine now is only for those services?

Everything goes according to plan. We have gold and silver. In our exchange, anyone can exchange IEC ► Gold IEC and Silver IEC and then get the gold and silver. As i said - https://bitcointalk.org/index.php?topic=1026371.msg13025884#msg13025884

Our Ivugeo Exchange will open again in the near future. Be patient Wink

OK. But I also don't like the way you did this. It would be fair only to rollback chain before incident and compensate unfortunate but ultra speculative buyers on the day of hack.

You basically screwed old holders in favor of few speculators buying on a 99% crash/dump. They will sell as soon as market opens.