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?
Hi Maco,
Thanks for your early support and your kind feed-back. I've booked you a spot on the IPO and will keep you updated in PM as it matures.
Edit: Please note the corrections in the above quote.
-Correction 22.5% of 250k-500k should be 54k-107k not 37k-75k as originally stated.
-Consequently the IPO should read 107K#coins and not 75k (53k if 0.5% premine).