Post
Topic
Board Announcements (Altcoins)
Re: ♥ ♥ ♥ [ANN][TTC] TittieCoin - Come Grab It! LAUNCH IS NOW! ♥ ♥ ♥ [NEW EXCHANGE]
by
TheMightyX
on 31/01/2014, 22:19:23 UTC
Why would any respectable exchange list your heavy premined coin?

What you sheep don't get is 1.3% doesn't seem like much but that 1.3% is immediate and instant, from day one.



Current mined coins to date (block 1406):
11,251,240


Premined coins:
74,000,000



The devs control almost 7 times more coins than have been mined.
This is a common pump and dump mechanic.

i.e. the max coins is very high, but the block reward is very low. This gives them an advantage over everyone for the forseeable future. It also gives them the ability to manipulate prices as they are a whale larger than the ocean in which it swims. They can crash the price by selling, buy in low to drive up the price and repeat.

This coin was created solely for the benefit of the developers.
Learn people.