So about 1,080 ZUMY will be mined per day, right?
Does that mean it'll be nearly two years until 50% of the circulating supply is fairly mined/staked, and 50% is the 640,000 premined by founders?
Right now devs own 99.3% of circulating supply, and it'll be years before that percentage drops below 50%.
I understand your concerns completely and myself as a crypto enthusiast would feel the same ; We have no presale, no ICO. As much as we're funding out of our pockets too however we need a solid premine to allow us to excel forward - many great projects have them. And I firmly do believe that once our dev teams launched our own two masternodes in Feb this year - we would have proven that we're working on a project and deserve then.
Id urge you to read our whitepaper, look at what we're doing we just launched what this space and see how we're going to take this forward.
In the whitepaper we explain how were using each coin and the purpose of them. Each coin moved out wed explain the reason why and how its being used. Were using the premine for only a year to get us going as a project. Once that has reached the excess premine is all burnt this is highlighted clearly in our monthly update where we list what weve spent the premine on and where it went. You can find this on our site once added and on our discord.
Well post it on bitcointalk too
The development team will only be running two masternodes in total. And will take 2000 coins a month.