Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MCM] Mochimo | Quantum-Proof Cryptocurrency | Official Announcement [ANN]
by
Ghostboy88
on 28/02/2018, 14:39:45 UTC
First off I'd like to say that I really like this project and it's refreshing to see something that's not some sort of copy and paste.

The five percent premine therefore isn't as unreasonable as some here think. In fact I'd much rather you went that route than an ICO.

However I do have a question about the BTC holders freebies that I hope you can answer.

Why would I mine this coin on day one or any time early on when I could throw my CPU mining power at let's say monero and wait for the BTC holders who got there freebies to dump there coins and drive the price way down. Then convert the Monero to BTC to mochimo and actually acquire more than if I mined directly , without actually adding anything to the network.

I understand that your hoping to get major crypto influencers on side which I applaud but many will simply dump there coins at the first chance. Have you considered having a really short cut-off period for BTC holders to claim there freebies , like so short that Mochimo isn't even listed on any exchanges yet so that when they do dump there coins it's most likely in the short spell after the exchange listing so the price impact long term is minimal and the only BTC holders with freebies long term as those with a genuine interest in the project.

Have joined the slack and will be watching this project closely really like what you guys are doing , keep it up.