you really think that you can redistribute "approximately 7 million Bitcore (BTX) directly" in a single move without the sending the Price to shit and screwing every single early buyer of your coin ?
You serious ?
Road to 10 cents!
Way too many coins , way to quick and topia buysupport only.
On October 30th total supply of coins will increase from roughly 1m to 8m so technically the price should drop by 7/8 (87.5%). No wonder why price/hashrate is tanking...
Incorrect, please refere to the post above yours!
Just think about it: supply will only slowly increase, as it did before. Otherwise all 16M coins would already have been distributed because there was already a snapshot with all BTX redeemable - BUT most BTC holders did not bother to claim their BTX.
The new model is great both for holders as well as for people getting into BTX now!
But these BTC holders didn't want the BTX in large numbers the past 5 months and they still aren't likely to want it later. I would rather distribute and grow organically through good development and integration. I'm surprised I am the only one that is saying this. It has great features and all but there is still no roadmap and no usability in the real world. Additionally, It doesn't look great when the devs are the ones that hold a substantial share in the coin. 10% is fine but 95% is definitely not so the sooner this changes the better. Maybe 4-5 steps spaced out by a month each would have been sufficient to not completely tank the price. The price is really inconsequential anyways since if you have more of it at a lower price it is still the same as having less of it at a higher price.