Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Sterlingcoin (SLG) - 100% PoS | Version 1.4 | Services & Merchants
by
Rols
on 14/06/2016, 20:54:28 UTC
Hi,

I've been reading about SLG and i've got a few questions

1)What is total coinbase= 63,900,000
The total SLG is gonna be 4,000,000 SLG rigth?

2) SLG is not focused anymore in the UK?


Thanks and congratulations for the great job your doing

 

1) The total coinbase of Sterlingcoin is 63,900,000. PoW is finished ("normal mining") and lasted 4 months, in that time a total ~3.8 million were mined. As of this second there are 3,865,448.922SLG in Circulation. The remaining coinbase of ~60 million is used for the accrued interest on existing and future holdings of Sterlingcoin. The only way to attain Sterlingcoin is to either trade, buy, faucets and earning it through work.

2)SLG is now focused at a world audience. We learnt within the pre-launch period and first few weeks from launching the wallet our audience was spread globally and the interest far outreached the shores of the UK. Also with a development team based in the USA and UK there was no reason to hold the currency back in any way, shape or form.

Out of interest where have you been looking at info about SLG?

Here are some useful links - http://forum.sterlingcoin.org.uk/index.php/topic,2.0.html


Here is a better quote and its from the devs. And it was Rw13enlib88 that asked the questions but its some time ago so he maybe forgot about it.