Post
Topic
Board Announcements (Altcoins)
Re: [ANN][AIRDROP]X-CASH | First CNv8 based coin with public & private transactions
by
guilhemch
on 14/01/2019, 06:52:49 UTC
I did some searching as I was remembering something and came up with this?

https://bitcointalk.org/index.php?topic=765360.0

xcash was a scam coin a while back... trying to scam again?

Please explain, this seems like a good project but so did the other...

Also, this...
someone got rid of this https://bitcointalk.org/index.php?topic=5029709.0


Also, whats up with the 40% premine? insane...

Hello,
Our project is not related to the first link you have posted.
About the second one, hard to tell how we could have been a scam, more particularly at that time when the coin was not even listed...

About the premine. Keep in mind the 40% is to be broken down into:
- the airdrop (20%): given back to the community through the airdrop/bounty program
- the investors (5%): sold to investors to fund the project when we start scaling up
- the company (10%): to cover the basic expenses (yes, we are a no ICO project so all funding so far has been from our pockets)
- the team (5%): market cap locked, from 10m USD to 100bn USD market cap.. i.e. likely to be untriggered

So as you can see this does not leave much for the team and the company. I am always puzzled how people can be surprised of premines of 1 to 20% of no ICO project like us considering  ICOs do a 30-70% "premine" on top of the funds they raise. We never got a single cent from the community, and the public tracker we are building will show we have not touched the company's or the team's funds so far.

Thank you,
Guilhem