Post
Topic
Board Announcements (Altcoins)
Re: [ANN] #3 [XUN] UltraNote is READY, Everyone is welcome to mine.
by
johntwo
on 16/11/2017, 09:21:44 UTC
Hello my Friend i active mine this altcoin, but i see it  Supply: 18447756570.83 XUN - its serios ? When mine  18 billions XUN or its premine? ITs realy not good to mine this coin , because price may be so low.

It is 18 billion XUN pre-mine, but pre-mine is quite small.  Block reward size is going up by 10x per month.  So in July 2018, each block will be 15 billion XUN.  Thus, pre-mine is less than two blocks in July.

In September 2018, each block will be 1.5 trillion XUN.  So pre-mine is very small.

There are 21600 blocks per month (2 mins/block, 720 blocks/day).  So even though only 21600 * 150 = 3,240,000  XUN will be created this month, in March  the block reward will be 1,500,000, so 32,400,000,000 XUN will be generated in March.

See?  No need to worry about the pre-mine.

gonna state the obvious here. i smell a hint of sarcasm right? after all, there will "only" be a total of 85B XUN supply. though i understand that you were just taking the dev's word for it when he said that the growth is 10x per month, which i think is not correct. do the math fella's.

I would ask why the dev saying the max supply is 85B XUN is more or less believable than the dev saying the supply will 10x per month.  The fact that you have to choose one or the other proves what is actually my point: the devs refuse to provide correct and consistent information about the coin supply.  How am I supposed to invest long-term in a coin when at one point the dev says the max supply is 85 Billion, then at another point suggests the block reward will 10x per month, meaning the reward will be 1.5 trillion/block in September?