Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SCRYPT JANE] UltraCoin (UTC) - Newly Launched
by
traiz
on 19/01/2014, 18:55:20 UTC
Just saw this and wanted clarification on the following quote

Please note that every partner gets 0.1% of the total number of coins, we feel this is not unreasonable as a compensation for our time and investment.

If the total pre-mined is 2000 with
1600 for bid
100 to partner 1:Ziggy (dev)                                                                                                                      
100 to partner 2:bumface (founder)                                                                                                                
 
100 to professional consultant
100 to rewards to developer
 

So 100/2000 = 5% of the initial coins

So where is the 0.1% from? Are you saying that the partners get 0.1% of all future coins (both mined and staked) as well?