Anyone how argue with mnx team about pre-mined coins , plz read wp before.
This project is about create a stable coin for ordinary payments. And the way to do this is using a central bank that pays intrest to control matket price. So this bank that called mnxband here, need resources to do its job.
This is the aim of premining.
Also difficulty must reflects the price, so it is.
Hello!
Yes, you are right that one of the goals of pre-mining is to make the reserve for payment of percentage to people who parking coins at MinexBank.
Like we said in White Paper: "The initial reserve is formed by premining 1,500,000 coins. Once there are more
MinexCoins on the market due to additional issuance (miner work rewards), the
reserve will have to be replenished and eventually expanded. The growth will be
ensured by the progressive percentage of payments to MinexBank for each block
solved by miners".
Also it needs for another goals:
Distribution
Premining: 5 500 000 MNC
ICO (subscription + presale + bonuses): 2 700 000 MNC
Bounty: 300 000 MNC
MinexBank reserve: 1 500 000 MNC
Developers and advisors capital: 1 000 000 MNC