Post
Topic
Board Announcements (Altcoins)
Re: [ANN][$LOKI] Loki - Private Transactions & Comms
by
Loki_Project
on 01/08/2018, 22:08:21 UTC
KEEP IN mind half of The block reward goes to Developer wallets, to be used for his "server maintenance that runs the network" 45% to maintenance servers and 5% for governance

Those are the promises he gives for taking 50% of ALL Block rewards + a pre mine.

This coin is a HUGE scam, think about owning half ethereum and get 50% of each block for "team and servers" ?  holy balls. thats like running 15 million gpu's in your mining farm because people are tricked to mine on a scam coin.


If a coin gets successfull and large, just 1-2% is MORE than pLENTY to support team and servers, even at startup its not that hard to pay for servers!  but he wants 50% + Pre mine.

this coin is just a quick test and dump whenever it gets value, just steer the hell away, and on trade site he probably trades with Himself to create fake volumes, he sells and buys, eeveryone who buys up from him, he will add more coins from block rewards.

normal coins has 1-3% trade volume everyday, like Bitcoin has 3-4% trade volume maybe closer to 5-6% because 10% of btc has been lost already and he wants 50%


I have nO idea how there can be so many people that are mining this, you guys are just too stupid to see that 50% of all mined blocks goes to dev is a HUGE problem? put up 5000 miners, he gets equal reward as 2500 of them. but instead miners has to share half of it to all miners.




Hey, I believe you received incorrect information.

It breaks down like this:

50% of the block reward goes towards Service Nodes. Service nodes are run by the COMMUNITY similar to master nodes. The people who run service nodes receive the reward just like mining. This does not go to devs.

45% of the block reward is to miners.

Only 5% of the block reward is for governance. This does not even mean the devs get the total of this. Out of the 5% only a portion will be used to ensure the future survival of the project along with approval for community proposals.

More details are in the whitepaper which I suggest you take a moment to read: https://loki.network/whitepaper