16 Million IOC minted and the extra comes from POS interest/staking.
This choice by Poloniex is a blessing in disguise, i will simply stop trading there and remove all my coins, because it is very shady to pull this kind of BS and cause such panic selling and in turn wipe off a big chunk of a coins market cap. I dont trust Poloniex anymore, i wont give them business.
i am in process of doing the same.
ascribing motive is difficult, but judging results is not.
their action has wiped out 10's of millions of $'s from the market caps of the companies they just delisted.
that is too much power for an exchange to wield....likewise when they add a coin...generally adds volumes to market cap of benefitting coin. to much power
situation stinks....and imagine the bigger shitstorm that would ensue if they end up reversing decision. market manipulation on massive scale.
I dont think the motive is difficult. we all know this Crypto game is about making money. How did Polo Profit by the decision to delist ? The way they profited was by being in control. I haven't looked at all the charts of all the coins but the first five i checked all showed two huge pumps in recent time month or so. It makes me believe the decision was made behind the scene and acted upon by them far far in advance of this delist notice. What im saying is they pumped the price sold the coins they wanted to be rid of and then when they were done said ah shucks lets delist these coin. Scammy nasty move. they are probably in need of btc to cover up something far worse that has happened just like Cryptsy. POLO can go fuck themselves. im out. Fish