Post
Topic
Board Announcements (Altcoins)
Re: [ANN] MutualCoin - 10,000% & 5000% Stake (POS / POW), (Scrypt Algo)
by
FuturelessHeroBrigade
on 09/12/2017, 18:07:02 UTC
Guys, check out this update from the dev today on discord:

"here's the plan to curb the supply, by burning the coins. We're going to  introduce a program, through which coinholders could buy a raffle ticket worth 10,000 MUT for participating in a lottery. The funds of raffle tickets will be submitted to a single Mutual Address (lottery wallet), controlled by the dev team. At the end of the lottery's specified time, a random winner will be picked up, through rafflecopter.com who will get 50% of the funds gathered into the lottery wallet. Rest of the 50% will be burned, to address GbCryptoLifeDotNetBurnAddrXXYinemm. There will be no limit for coinholders on buying the tickets, they could buy as many tickets as they would like, to increase their winning chance.

We would run the lottery, every 48 hours. Everything would be transparent, with public spreadsheet of the ticket holders, and funds in the lottery wallet. And, the winner will be picked through Rafflecoptter.com and announced on it's widget.

Please let me know about your thoughts on this. We're open to suggestions."