If Litecoin has a market cap of $180 million, with no real advantages compared to Bitcoin, who are you to say that Equibit won't reach a market cap of hundreds of millions with its unique use-case?
The total number of tokens when they have all been mined will be 22,000,000 (22 million), 1 million tokens created for the ICO and 21 million tokens mined. If you had read the ICO's Terms and Conditions properly you would have seen this:
The mining process will create fifty
(50) EQB per block with the amount halving every 210,000 blocks. The initial sale is directly related only to the first
process. Any unsold EQB from the initial block shall remain in the control of EDC and to be used at the discretion of
EDC management.
Does that look familiar to you, eh? Same reward halving scheme as Bitcoin.
Yes..it doesn't sound very good. They should be putting that sort of information out clearly in the OP.
Wehave seen what happens recently when promoters of a new coin adopt bitcoins emission curve and don't make it clear. This happened with Zcash and Zcoin.
Both of which fell dramatically.
If they made this clear they people would not be keen at all. It's way way way too expensive