Re: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For High-Confidential Transactions 🔏
Explain, please.
1. The coin was launched on May 7th.
Today is the 11th of May.
It's been four(04) days.
Why does the demon write 27 days?
2. You write that you have no relation to the Monero project.
But
1. The coin was launched on May 7th.
Today is the 11th of May.
It's been four(04) days.
Why does the demon write 27 days?
2. You write that you have no relation to the Monero project.
But
Quote
All donations to core devs in the first year will be transferred to The Monero Project
Block 0 Timestamp [UTC] (Epoch): 1970-01-01 00:00:00 (0), Block reward: 8800000.000000
Block 1 Timestamp [UTC] (Epoch): 2017-04-18 03:34:55 (1492486495),Block reward: 32.000000
Block 2 Timestamp [UTC] (Epoch): 2017-04-18 03:34:55 (1492486495),Block reward: 32.000000
I think launch time is 2017-4-18, and it has been mined for 24 days. 11520 coins every day.
i saw these questions again and again, not sure WTF these guys are trolling about.
1. the dev did say there is about 10% premined, at launch, blockchain was at height of about 7500, so total premined coins is 8.8M (at genesis block) + 7500x32 = 9.04M, or 10.17% of (init.) total coin supply (88.88M), what makes diff?
2. the relation with Monero is obvious, this is a fork from Monero and it can still need code merged from upstream project, that's why dev should support Monero. the dev have premined coins already and it's fair to transfer donation to Monero which is a donation-based project, right?
Thank you for tackling these questions though I think I did answer some like that somewhere else.
There is one valid concern from community, however, is about what we'll do with premined coins, what to make sure dev won't dump them sometime and that would be bad for market and everyone who holds the coin.
That problem is discussing in our team now and we'll come to a solution for escrowing the dev wallet next week. General idea is to lock all the sum and only release not more than 10% - 20% of total coin mined from time to time (maybe every 6 months - 1 year) and that can be tracked by community.