Quote from: IconFirm on June 12, 2017, 08:53:46 AM

Quote from: Yakelo on June 06, 2017, 02:45:36 PM

How many of these coins (%) were pre-mined?

OP doesn't like to talk about this for some strange reason, so I'll answer that for you:

Quote from: IconFirm on June 03, 2016, 09:01:26 AM

Exchanges tend to stay away from coins with large premines due to the obvious dumping by devs - & seeing as this coins premine is not only massive but is also undecleared in the OP - it will always have trouble not only getting listed, but also attracting any serious traders. I thought this coin had some potential as an alternative to NMC when I first came across it, until I read this:

Quote from: notsofast on December 02, 2015, 11:35:03 AM

Hey, looking through the block explorer, I noticed something that doesn't sit right with me.

The initial instamined blocks were all worth 611 coins, a thousand times more valuable than the 0.611 block reward currently running. This was then reduced to 61.1 coins per block reward, and then presumably further by multiples of 0.1. This is not disclosed anywhere in the original post. In fact, none of the block structure is disclosed in the original post.

From downloading the wallet upon first seeing the original post, I know about 8000 blocks had been mined before public release. This wouldn't be so excessive if the block reward had been 0.611 coins the whole time-- basically this would have resulted in a premine of about 4888 SIL out of 611,000 total eventual supply, which is reasonable at 0.8%.

However, this is the actual mining reward structure:

Block 1-287: 611 coins per block NOT DISCLOSED IN OP
Block 288-2879: 61.1 coins per block NOT DISCLOSED IN OP
Block 2880: 0.611 coins per block, smoothly decaying

This means that 333,728.2 SIL, or a whopping 54.62% of the total eventual supply, was instamined by the 611 developer.
[...]

Exchanges read these coin threads & do some research on the coin to ensure it is worth their while listing it. Unfortunately, due to the premine & the attempts to hide it, this coin will always struggle to be adopted. Shame really, because the original idea is good.

I encourage exchanges to do some research to find out what's true and what's false.

Quote from: IconFirm on June 12, 2017, 08:53:46 AM

So roughly 54% premined.

This information is not correct, because as stated above 611 coin has been a public open source project long before I published my initial thread on Bitcointalk. There has not been any "we pre-mine xx % first" for us and then the project goes public afterwards premining procedure.

It is correct that in effect 3/4 of the overall coins mined until today have been mined before I have published my initial thread in 2015.

Quote from: IconFirm on June 12, 2017, 08:53:46 AM

If you go to the block explorer page & do a search of the donations address there, you will see that address alone has/had over 271365151 SIL in it (yes, that's over 271 million),

You should be able to prove your assertion with facts. Please do it now.

The block explorer donation wallet has received overall donations of 151.271365 SIL!
source: http://be.611.to/address/N4Q5rdapS6RgZDwqLFR4PVY9f75sU2RuHJ

Hint: the last transaction is about receiving a donation of 6.271,365...!!

Like described in my post above for sure there is no wallet owning that massive amount of SIL coins.

Quote from: IconFirm on June 12, 2017, 08:53:46 AM

which accounts for most of the pre-mine, but OP holds pretty much all the coins anyway as he's the only one buying coins in an effort to push the price up in preparation for dumping the vast quantity of coins he's holding.

I would love to have an account containing over 271 million SIL Grin

Unfortunately you are spreading fake news!

Balance distribution is public on C-CEX. My personal C-CEX wallet is owning less than the top 10 of other C-CEX 611 traders.
So I have limited technical possibilities to manipulate the pricing on C-CEX.

Quote from: IconFirm on June 12, 2017, 08:53:46 AM

In other words, don't bother.

... about fake news