for those who bought at $0.01 over 6 billion premined coins,i'm sorry to say that your coin's value has been dilute to $0.005 now because the premined coins is 12.6 billion !
Cheers!
Give it a rest, eh? It's beyond boring now and you're really not adding anything constructive to the conversation at this point
if you felt boring then you should go ask the dev-team why they increase such huge amounts of premined coins without any explanation to investers.
and for me i no need to suggest anything constructive to the dumb like you for it is not my job to give you consultant free.
Cheers!
They expalined it you fucking idiot:
The huge amount of coins are for the simulated mobile minning.
Do you fucking understand it now or are you really that fucking stupid??
its because he's so lazy to back read the explanations XD
now he knows XD
@dev:
1. how many coins would your team going to premine despite of 6.3 billion ICO?
2. how many coins will left to miners(cellphone,cpu,gpu etc) to mine?
3. how long the mining could proceed(years)?
the questions above only valid to dev team to answer.
DO NOT QUOTE MY POST AND ANSWER FOR THESE QUESTIONS IF YOU ARE NOT DEV OF ELECTRONEUM.
Thanks!
Hi!
1. Actually the ICO is only a max of 5.98 billion as the 6 billion pre-mine for the ICO AND bounty campaign (20 million ETN).
2. There will be 15 BILLION coins left for miners
[EDIT - OOOPS! I entered million instead of billion - just to keep you on your toes!]3. It's a similar emission algorithm to bitcoin, in that the emission slows over time, with ours slowing with each block. It will be 10 years+ before needing a fork or algo change.
I'm sorry I've not been very active here - as a few others have posted I'm on Telegram nearly all the times, so it's a better place to get an answer.
Please read the Technical Whitepaper for more details on emission and mobile emission. You'll find it here:
http://electroneum.com/technical-white-paper.pdfhave a great day!
Richard
Electroneum Founder