Post
Topic
Board Announcements (Altcoins)
Re: [ANN] VOXELS (VOX) | The Official Coin of Virtual Reality and Voxelus Platform
by
Moloch
on 05/08/2016, 17:52:52 UTC
How many VOX went to the developers and marketing team?  How many of those were held back for future use and how many have already been distributed to the VOX team that can be sold on the open market?  

I am an ICO investor that has been slaughtered and would like to know.

I assume Jim would be the man to ask, but he doesn't want to answer so I will try...

According to CoinMarketCap:  http://coinmarketcap.com/currencies/voxels/
Available Supply 31,500,000 VOX
Total Supply 210,000,000 VOX

I interpret this to mean 210,000,000 were originally "premined" by Jim Blasko, and 31,500,000 were sold in the ICO...

This leaves Jim holding 178,500,000 VOX (85%), and all the bagholders have 31,500,000 (15%) combined (assuming all of it was sold, which I doubt)

I'm not convinced by the volume listed on CoinMarketCap that all 31,500,000 have been sold (60-70k USD/day average = ~1mil VOX/day @.0001BTC)