Re: [ANN] #3 [XUN] UltraNote is READY, Everyone is welcome to mine.
Devs never said that 150 coins block reward will be 1500 coins next month. It could be x10 coins which mean next block reward after 1 month will be 160 XUN coins and not 1500 XUN coins.
So you want to do your own guessing, FINE. Do so.
Total supply will be 85 billion coins.
For the people who wonder why we reserve 18 billion coins for devs I want to say that ( Hitbtc only CHARGES 45 BTC for listing the coins ) yes you read it right 45 BTC for listing + 1 tweet + 1 blog post which is about $315k USD.
Let me remind you that we never run an ICO and we will never ever run one. So stop complaining about a premine because it's not the case here.
The 18 billions coins is to help improving the coin in development, secure the network from infaltion, running bounty rewards and giveaway campaigns.
With that said, If you mine the coin or not it's up to you. We will KEEP moving with or without you!
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.
So you want to do your own guessing, FINE. Do so.
Total supply will be 85 billion coins.
For the people who wonder why we reserve 18 billion coins for devs I want to say that ( Hitbtc only CHARGES 45 BTC for listing the coins ) yes you read it right 45 BTC for listing + 1 tweet + 1 blog post which is about $315k USD.
Let me remind you that we never run an ICO and we will never ever run one. So stop complaining about a premine because it's not the case here.
The 18 billions coins is to help improving the coin in development, secure the network from infaltion, running bounty rewards and giveaway campaigns.
With that said, If you mine the coin or not it's up to you. We will KEEP moving with or without you!
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.
Hi Dev.
It should be +10 not x10
150+10 = 160
150x10 = 1500