Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Zcoin - The Zerocoin cryptocurrency, guaranteeing financial privacy
by
chocobo
on 12/10/2016, 20:35:56 UTC
Quote from: dbt1033 on October 12, 2016, 08:24:55 PM
Quote from: EtherSecAgent on October 12, 2016, 08:22:46 PM
Quote from: chocobo on October 12, 2016, 08:03:25 PM
Is anyone aware that there is a "Founders Reward"? This is essentially a premine that amounts to 20% of the coin over the first four years. Things like this need to be in the OP, not the FAQ.

YES!!! That's my biggest issue with this coin... the owner was supposed to get 10% but ending up getting 20% someone on the github brought this up, but the response was the creator would have to ask "investors"

"The Founders Reward will be given to early investors, developers, and Zcoin community members. We also have bounties for various tasks, such as Zcoin core development, web development, graphic design, marketing, ect. If you'd like to help out, please email or message us on Slack."

I believe it's initially 20%, then averages out to 10% over the distribution of the coin.  I'm ok with this, as long as they can be transparent about where it's going/ spend it wisely.  Early investors == Roger Ver

We need Btc Jesus to have a nice bag if we want him to make our market Wink

Its 20% for four years though, which is an eternity for any alt.