Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PMC] Premine! - 100% Premine / 100% Distribution - Mining TX fees only
by
dasource
on 28/01/2014, 19:43:13 UTC
Please read before spreading FUD - the funds are simply stored in an offline wallet so that the bulk of them are safe in case the faucet is hacked. Having 25k in the faucet makes it a target.

I'll belive in that once faucet balance hits 0 and those 24,000 coins or major part of them replenish the hot wallet.

You need to relax..

1. The bounty (25k) for the Faucet was forfeited so that it could be given to the community. Hardly the sign of someone wanting to run off with it.

2. As the dev has suggested, to protect the Faucet and more importantly PMC Distribution a large portion of the PMC Faucet Balance will be held in an offline wallet.
Enough funds will be kept in the Faucet for it to operate daily (infact it has sufficient PMC to operate for a week at the current rate). An automated system is in place to notify when the Faucet falls under a defined value at which point it will be topped-up.

Thanks to those of you who have kindly been donating to the Faucet.