Post
Topic
Board Announcements (Altcoins)
Re: [LAUNCH ANN] MYZTIC - Fast, Secure, and Secure Global Money Transfer System.
by
utrivedi
on 15/06/2018, 16:22:56 UTC
8,500,000 Premine? do you really need that much? are they timelocked? how do we see the value of premine? thank you

** Premine is 15%, 10% goes to the core team. And other 5%'s distribution is mentioned in the whitepaper.

** We are giving in our time and commitment, so  IMO we need to get paid. We also have expenses, Running servers, paying community managers etc, so yes we need that much.

** Dev Premine 10% is time locked(well, it is manually controlled) and controller by me personally. We paid 30% (of the 10% premine) at the launch and rest will be given out on monthly basis.

** Other 5% is not time locked because we may need it for Marketing and Exchange listing. We want to make sure it is open and available. This premine's spending will be shared with the community. We haven't spent anything from it yet. Right now I am paying people from my share.

I hope this answers your questions.