Post
Topic
Board Announcements (Altcoins)
Re: (ノ◕ヮ◕)ノ*:・゚ ANN - RENESIS - LTME (Long Term Mining Evolution) -New Algoヾ(⌐■_■)ノ♪
by
hav0k
on 29/07/2018, 07:12:38 UTC
35 000 000 RESS premine with 800 RESS per block emission! 8% of total supply! No, thaks!

is this right?

Yes we have made the allocation of Premine public and currently the block reward is doubled to 800 for miners to grab as much as possible. Starting yesterday, we are letting go of premine on Discord publicly too =) It's true that everyone has the right to mine or move away to next project but we hope that everyone join us and also be part of our project =) . If you read the whitepaper, we have clearly mentioned what will premine be used for and the amount is made public. To pay the developers, to keep the community active and for exchange listings in future , we will sell off the premine at the lowest rate. Also we have community marketing and developer active who will be rewarded by premine. All in all, if you look at the long term goals, it is not much left in 2 years to come. We look forward to having you. We believe it is fair to give away to  miners and community who have been with us since the launch.