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Re: [ANN] [VLU] Valuto - Blockchain Powered Marketplace
by
valuto.io
on 14/02/2018, 23:09:35 UTC
@Tree51

The height was 138745(30 second blocks), at the moment of our announcement on this forum. We have NOT mined all those blocks ourselves. 24 hours after our launch on github, ppl started mining(Much to our surprise!). The amount mined until announcement on this forum was less than 7 % of the total supply, and is spread over a lot of different miners. We should however(seen in retrospect) have announced here, before prioritizing other social media (twitter.com, facebook.com, instagram.com).

We do not believe in heavy premined coins and i can tell you, that the team does not own more than a fraction, of what has been mined until now(ofc. the first 500K is, we need to pay for stuff:-)

I hope i have answered your questions to your satisfaction.