Quote from: seddik on November 16, 2017, 10:28:29 AM

Quote from: idev on November 14, 2017, 06:43:46 PM

Quote from: johntwo on November 14, 2017, 06:32:46 PM

We have been setting up the masternodes (and actually still are) for the network to be stable from the start. This is the standard procedure for setting up networks.
The same goes for the hashrate - this is needed for the network to be safe from outside attacks.

Most of the coins that were mined during testing the mainnet period will be sold cheaply on the exchange once its established.

can not see any real dump except small amounts from the miners.
you said you would sell those coins for cheap price i think you still hold that 250k.

still waiting for those cheap coins

We released some of the coins already to the market.
We will never do a so-called dump - it is very unconsiderate of the price + users. In approx. months time we release slowly, but steadily portion of our coins to stimulate the market.

Ofcourse the 250k we hold on to - it is reserved in masternodes that are making the network secure and every user that connects to the network with their wallet also uses those masternodes to sync up their own wallet.
Just in case if You are unfamiliar with MNs - to set up a masternode, one needs to reserve 10 000 MAGs and those coins will be locked the whole time masternode is running.

You probably were referring to the coins that were mined during the mainnet testing period. We finally had a chance to look into it.
Since we are POS/POW network, half of the blocks come out as POS blocks and are based on the staking weight. This makes half of the blocks to give out small rewards so the actual amount we mined was WAY smaller than FUD spreaders at the start of this thread calculated. The number suggested was around 1.8 mil from the 9000 blocks mined before ANN.
The actual number was around 900K coins (250K masternode premine included.) so the mined coins are 0.625% of the whole network total coins planned (144millions).
This cant be translated into a HUGE PREMINE warnings by any means.
Most of it will be used as follows:
- to keep up the masternodes for the network security in the future
- to pay different fees (going on new exchanges, server fees, running miners for fast blocktime etc)
- some portion will be given out to the public, but this will happen when we have more time to focus on it in the near future
- invested into future developments

If someone wants to check up on this - download a wallet, sync it. Open up the Console (Help>DebugWindow>Console Tab) and write getinfo.
This brings a small overview of the network. There is a line "moneysupply" : 1311970.69689592. This reflects all the circulating coins at the moment. In the time of writing this reply our supply is 1.3 million.
Roughly 100-150 K coins are created daily. We have been public for 3 days so around 850-900 coins before going public should be the right premine amount.

So You see there is no point to cling to those accusations, but instead find what is important.
We have been delivering support to the users needing help.
We are here to stay and develop the network, main focus on the wallet and user experince.
We had tons of MN cheap sell propositions, but never sold 1 to keep it all fair.
We are here to communicate our efforts to users for more transparency.

FUD on here usually does not have much ground and sometimes it can make great opportunities look awful. This is the turning point where the users can make a difference for themselves. Most of the time learning about the asset and reading through all the ANN thread carefully is usually a good start. There is not much info about crypto online so next big step to make is get involved in a assets chat. This is the best way to find people who are interested in the same things that You are. If You choose to invest in an asset that makes Your gut calm and feel right - the reasearch comes more naturally as well because You are engaged in something that feels good. Being in the flow always FEELS GOOD.

I truly hope this helps to make the right choices in the future!