Quote from: nimbus2000 on March 01, 2017, 02:04:45 PM

Quote from: zcoinofficial on March 01, 2017, 03:40:37 AM

Quote from: irukandji on March 01, 2017, 03:30:50 AM

What is Poramin doing with all the Zcoin he is collecting from Zcoins 20% share of mining?

Is he hiring any developers?

Poramin is only collecting 4% of the mining.
Currently the Founder's Reward is 20% of the block reward with 5 different wallets.
3 investors (of which 2 are initial investors and mostly absorbed by Gary)
1 is the bounty wallet (used to fund the team and other efforts such as djm34)
1 is Poramin's own wallet.

All these addresses are public in the code and previously mentioned as well. The new investor has given us enough to definitely fund development for more than a year.

Aizensou is another full time dev of ours and Poramin has hired a few programmers under him to help him as well which is why MTP is progressing smoothly despite recent challenges. djm34 is also being engaged to develop the MTP miners so we will have decent public miners when MTP releases.

As the price of Zcoin rises, we would have more to work with on the bounty wallet. At the time of writing our price we've already recovered to near the $2.00 mark.

you mean still there are two wallets kept by gary?

No the wallets are not with Gary. He holds no founder wallets now.