Quote from: ride22 on September 11, 2018, 07:52:41 PM

Quote from: robotsoutofcontrol on September 11, 2018, 12:50:32 AM

Quote from: Delphinus on September 10, 2018, 12:35:18 PM

Quote from: ride22 on September 10, 2018, 12:04:52 PM

A 20% pre-mine is a rough way to start. A lot of people are going to scream scam coin.

I have to admit that I really don't like the idea of a 50/1 split as an original holder of Fedora/Tips.

It's not a 20% pre-mine for the developers. You need to mine coins for the swap.

The actual "pre-mine" is 10%, of which 5% goes to the developers (2% for airdrop, 3% for listing fees).
If they lock up 80% of that amount, only 1% of the supply will be available to pay developers in the short term. It's not a lot.

I just hope that reserving 80% of the supply to pay miners, doesn't mean they get paid an incredible amount. They'll dump it to earn money (suppressing the price for everyone) and devaluate the price for all holders who do not mine. That's the part I'm worried about, but it's the downside of a coin that can be mined.

Thanks Delphinus, appreciate your thoughts!

Actually the mining algo is fairly modest. Since it only runs on CPU's as well, you can't spin up a huge farm and mine a massive quantity. We're hoping however that the modest rewards will appreciate of course!

We should have a mining pool available pretty soon if you're interested.

Cheers,
Robots.

I would be interested in mining as well.

Count me in !