Re: [ANN]Bitcore- BTX - SEGWIT - lowest fee - hybrid fork 1:0.5 of Bitcoin
The april 1:1 btc snapshot was accessible through claiming for 6 months. Only 1.6 mil were claimed by btc holders of the 16.6 snapshoted amount, if I'm not mistaken. so there was about 15 mil coin still in the devs hands. Devs kept 10% of the unclaimed coins for marketing and such. Mining, trading and airdrops started, and about 400-500k additional btx where put in circulation Come november 1, claiming of the 1st btc snapshot was ended. A new btc 1:0,5 snapshot was taken on nov 2, and 8 mil btx was distibuted to corresponding btx addresses. No claiming necessary.
That puts the circulating supply to about 10 and a total of about 6.6 mil btx in the devs hands. 5.1 mil in #1 address and 1.5 mil in the dev fund. The remaining airdrops will be funded from the 5.1 mil in #1 aidrop address.
When the airdrops are done next year, circulating supply will equal about 15.5 mil + 1.5 mil dev funds = 17 mil.
The remaining 4 mil from the 21 mil total cap will only be accessible through mining.
It's not rocket science people, I can't make it any simpler without having to draw pictures for you.
Anybody who doesn't understand the concept by now, Will probably not be making a lot of money on this coin.
My 2 sats.
Full disclosure.
I'm not affiliated with the Bitcore dev team, in any way shape or form.
I just like to read up and do my research, before I invest.
That puts the circulating supply to about 10 and a total of about 6.6 mil btx in the devs hands. 5.1 mil in #1 address and 1.5 mil in the dev fund. The remaining airdrops will be funded from the 5.1 mil in #1 aidrop address.
When the airdrops are done next year, circulating supply will equal about 15.5 mil + 1.5 mil dev funds = 17 mil.
The remaining 4 mil from the 21 mil total cap will only be accessible through mining.
It's not rocket science people, I can't make it any simpler without having to draw pictures for you.
Anybody who doesn't understand the concept by now, Will probably not be making a lot of money on this coin.
My 2 sats.
Full disclosure.
I'm not affiliated with the Bitcore dev team, in any way shape or form.
I just like to read up and do my research, before I invest.
In case someone didnt bother reading, but here is most of the answers people!
Not really
That puts the circulating supply to about 10
It ain't circulating until it's circulatin'
Let's put it this way:
1.6 mil were claimed, so we are assuming that on Nov 1st most of BTC holders didn't find out about BTX (or didn't care to claim the BTX
)So sending 8 mil BTX to those addresses equals (almost) nothing.
Why did the devs do it? I think for two reasons:
- to give the (false) impression that 10 mil coins are "in circulation"
- to have a justification for the dev / "Foundation" fund, i.e. to allocate 10% also to them.
Let's get down on earth. the Circulating volume is really about 2 mil (not counting dev wallets), so forget about dreamin that the market cap is $300 mil.
Let's see the reality as it is not as dreamers think..
Anyway, about the so-called "fork" - which could have been a real fork if made 1:1, but then, devs could not get their hands on 1,5 mil and also no airdrop could have been possible.
So if you're wondering why BTX stays at $20-$30 and is not going to the 'moon' just think about it..
Apparently your one of those that's gonna be needin pictures.
Well I suck at drawin, so you'll have to stay iggnant
Actually he made valid points IGNORANT (But I see the ebonics you used)
Well Its circulatin according to Cmc standards, as they are applied to Btc, Bch and Btg amongst others.
You cant have it both ways, and define it arbitrarily as it suits your needs, purpose and agenda.
Actually he made moot points, that are irrelevant considering the facts at hand.
But some people seem to love wasting their time, so enjoy