Quote from: Litesire on May 03, 2016, 04:04:00 AM

Quote from: GeorgeAurea on May 02, 2016, 10:52:10 PM

Quote from: Litesire on May 02, 2016, 06:08:03 PM

Premine will be used up early 2019 if they continue to spend 7 million coins every 2 months. Waiting for March and April numbers to be added to confirm the trend.

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The premine has always been accounted for on every single spend, per https://developer.gulden.com/premine/.
Would you be so kind to enlighten, regarding 7 million coins every 2 month?

I am not questioning the premine usage, I am trying to determine the velocity in which the premine is being spent compared to previous years. 7 million was spent in Jan and Feb this year and my theory about the premine is that it will be spent faster this year then in 2014 and 2015. It also helps explain the price pressure on bittrex, more supply with the same amount of users will naturally equate to a lower price.

You can clearly see the premine was majority spent on Prime funding for the first two months. The Gulden went to the community that invested in the project. Everyone was able to contribute.

March and April will be under 2 million each because there was no crowd funding and lets say 2019 it does dry up, if Gulden hasn't secured any major investment then it has failed and the project will fall apart because the monthly payments will need to come from the team and community.

With the above being said this team has always delivered and I am confident they have plans to make Gulden a widespread success. It already is the 2nd most usable coin in crypto.