Post
Topic
Board Announcements (Altcoins)
Merits 1 from 1 user
Re: [ANN]XDNA-Revolution in mining|GPU ONLY HEX algo|Charity Support|NoICO|Cryptopia
by
TasosRiv
on 23/10/2018, 16:43:47 UTC
⭐ Merited by bones261 (1)

approximately what price does the owner have?

If I remember correctly the price is between 0.25 BTC or 0.5 BTC, I'm not sure


Do you mean how many coins does the team hold?
XDNA has a premined amount of 971,712 XDNA , that's about 153,500 $ or 24BTC right now.
(https://xdna.io/premine-distribution)

  • 350,000 XDNA were saved for charity support, including all the operating expenses for this endeavor. This is the wallet address: http://explorer.xdna.io/address/XEBxEjGXmJxwpXxXAJqeXztdUR4MsZZJsE
    The reason it has more coins right now is because 2% of every block reward is saved there. No coin has been spent so far from this wallet.
  • 271,712 XDNA are for the developer's use and expenses. It includes salaries, site expenses, SSL certificates and a few more things.
  • 350,000 XDNA are for marketing purposes. This includes the bounty campaigns, contests (like the two trivia we've run), exchange listing fees (like Crypto-Bridge & Cryptopia), souvenir production and other paid marketing services.

For the 2nd and the 3rd bullets, funds have been moved and I can't pinpoint you to a specific wallet, but the fact XDNA is trading from it's early trades in two good exchanges, has run a big bounty campaign and a few contests, is listed in WhatToMine's first page and many other media should be proof that the team is using the premined coins wisely.

Please take a look at the top100 wallets too, you'll see that XDNA is a very decentralized project, only XDNA Foundation has a significant 16% but it's still early days. Also every use of these funds will be communicated in detail and everything will be transparent. http://explorer.xdna.io/richlist