Thoughts on premining
As a rough guide and for discussion Here was what I had in mind.
0.5-1% premine - (250-500K#coins).
Divided
55%(137-1275k) for ongoing development and promotion (Budgeted for over 5 years)
15% (37-75K) Giveaways over 3 months
22.5% (37-75K) IPO
7.5% (16-32K) Fees over the life of the coin.
All expenditure will be available on a public ledger.
Feed-back welcome. I'll also take a vote on 0.5% or 1%.
I say this is fair especially when op is clearly transparent and open to suggestions. I think this would be required to stimulate the economy and motivate the developers. A lot of people don't know what goes into the job of a team launching a new coin. In general for all new coin launches, I don't agree with massive amounts of premine/instamining due to possibilities of large dumps from the team and manipulation possibilities. This is a pretty fair premine launch discussion. You have my approval.. I would like to contribute and collaborate with the IPO, I want to be a stakeholder... how do I do that?