Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BEAM | Mimblewimble | Private | Scalable | No ICO | No Pre Mine
by
rgsnedds
on 16/01/2019, 19:49:09 UTC
Can You PLEASE specify MAX supply and emission in the OP
Do the early ''investors'' really get 20% of the CentralFUND?

No they don't. They get 40% of the treasury fund.


The treasury fund is 20% of all mined coins.

and 40% of that 20% is reserved for the private investors.
I reckon this project has done right. It never pretended to be anything that it is not... it's a startup business and startups need funds. We can all see the sheer amount of work going into this on a daily basis and as far as i am concerned, i can mine and my coins stay in my wallet it's all good. There is always a risk with a DAG like mimblewimble but with the funding this project has, it means they can choose which developers they want to assist when needed. I have every confidence in both grin and beam.
And of course, old skool pools like http://beam.sunpool.top really turn me on... its like 2011 all over again

Does this mean that 8% of all mined BEAM is paid out to the 13 Corporations in the 'Investors' section of the BEAM website every quarter year forever?

Beam is not unlimited supply, so not entirely "forever". The 20% treasury tax is only taken during the first 5 years. This is how I understand it.

you should read the position paper https://docs.beam.mw/BEAM_Position_Paper_v0.2.2.pdf