Re: PREANN [TILT] A Poker Player's Cryptocurrency

11M TILT
reserved for Moonstone DAC XMS token holders for helping us setting up the platform.

16.8M TILT
will be distributed through a freeroll poker tournament for 250 weeks which starts every 15 minutes. There will be 168,000 freeroll tournaments which awards 100 TILT to the winner of each game.

62.5M TILT
will be given to ring game players. Every week, the top 100 players of ring games ranked by rake contribution will get 2,500 TILT each. This will go on for 250 weeks. The rake collected will be used for server costs and poker room expenses and a big rakeback might also be offered to players if the ring games will have substantial revenues.

2M TILT
goes to the developer.

7.7M TILT
will be used for operations and development.

The mined coins from where will be extracted?

that's the genesis block. just like other coins, that's the premine to be given to poker players, then there's pow mining. we just have to decide on how much to reward the miners to make it attractive to them to secure the network.

Well, i understand that. How many coins in total will be destined for pow? Total supply.-

it will depend on how soon we can switch to PoS, which is dependent on how fast ethereum can do it, then we will switch also, at a reward 5 TILT per block, it will be 10M TILT per year. i believe ethereum will switch to PoS in less than a year. if we lower the rewards, we lower the dilution at the risk of a 51% attack. so even 5 per block is still reasonable. but as i said, i'm open for a discussion.