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

Quote from: Mig-23 on June 02, 2016, 02:45:31 AM

Quote from: forzendiablo on May 30, 2016, 12:12:53 AM

we need bittrex (costs 5BTC) or Poloniex (no idea) Sad

poloniex is very hard to reach

i don't know what their requirements before adding new coin

i think they must understand about this one and consider it

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.

It appears this fact was deliberately hidden with the late release of a block explorer and the use of the low-information Abe block explorer.

Add to this the notion that the developer has been encouraging other miners to set a price for their mined SIL at approximately $60 USD means the developer is attempting to value his premine at upwards of $20,000,000 USD.

PatrickMacH, if you don't take steps to disclose your premine fully and burn most or all the coins you did not disclose that you mined at a higher block reward, this initiative is no longer worth miners' support.

I'm looking forward to your response.

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.

Reputable exchanges won't list premined coins.