Re: 📈🔺[ANN] MonacoCoin [MCC] [ POW & POS X11] [MASTERNODE]🔺
It was said that there was a premine on block 1 to 7200. We never hid it, it's written in every ann, and our code is open source so it can be checked over there too.
We plan to have around 50 000 000 coins, so our premine represent 14% of the max total of the coin.
Moreover, it's our personnal fund which are used for the moment, and we'll never push the market down. It's not in the project interest, and not in our interest too.
It's your choice to trust us, you can do it or not. In the weeks to come, there will be some information that will prove that we are totally serious about this project.
We plan to have around 50 000 000 coins, so our premine represent 14% of the max total of the coin.
Moreover, it's our personnal fund which are used for the moment, and we'll never push the market down. It's not in the project interest, and not in our interest too.
It's your choice to trust us, you can do it or not. In the weeks to come, there will be some information that will prove that we are totally serious about this project.
Somebody is pushing down the market... It was $1.11 and suddenly someone "decided" to start selling 50% off....
Well, it's a normal behaviour for such an illiquid market. The spread is often around 30-40%, so if you are impatient and sell at the best bid you would make the price crash by 30-40% instantly. The price is not really relevant here.
A lot of hodlers could make the price crash by more than 90% if they were to market sell all their coins.
We just need bigger exchanges to have more liquidity
