If i'm not mistaken then ONLY 110880 coins are being mine every day, that is at current level ONLY 7.76BTC!!! This is NOT a lot when you compare it to other coins...
For those that think 110,880 coins per day is a lot.
14,400 HBN
28,800 LTC
48,000 ICN
110,880 KDC
152,279 WDC
1,440,000 USDe
11,520,000 DGB
14,400,000 EAC
720,000,000 DOGE
the number mined per day compared to the total coins.... its still a LOT!!!
0.00012% per day HBN
0.00034% per day LTC
0.00555% per day KDC
0.0009% per day USDe
0.00054% per day DGB
0.00106% per day EAC
the actual numbers
0.012% per day HBN
0.034% per day LTC
0.555% per day KDC
0.09% per day USDe
0.054% per day DGB
0.106% per day EAC
so the issue is not coins per day per se but rather the relatively short period in which all KDC coins will be mined
3 years for KDC vs all 21 million bitcoins estimated to be created by 2140
i understand the devs idea to "simulate" the 3 year Klondike Gold Rush but is this a good srategy for an "investment coin" or will this result in a quick buck / short term coin?
considering the embryo stage of the world of cryptocurrencies, playing around with different ideas and concepts is probably one of the main advantages of the plethora of altcoins being released
as a minimum KDC will be a good experiment and i'm looking forward to see how this strategy plays out
Lets look at it differently.
We have 20M coins in total. Yesterday we hit 5000, thanks for the person that sold at 4800 on coinedup as i was able to buy those 2000KDC coins, and i have added another 10000 on coinmarket.io, anyway, that is not the issue here.
20M x 0.0005000 = 1000BTC or $700,000 CORRECT?
How many coins are now trading ABOVE $700,000 and are not fully mine:
That is a total of 41 coins.
So what most people are saying here, is that KDC is too expensive based on the number of coins that are being produced per day. Sorry, but if we already have 41 coins that have a marketcap of more then $700,000 (and sill not fully mine) then i totally disagree.
Lets say: that the coin price will be increased to 10000: then this means $1,400,000 or still 31 coins with a marketcap that is more then KDC. I cannot believe that we are only worth place 31, as i believe when other coins are fully mine that we will even not hit Top 60.
So lets say: coin is worth 20000 or $2,800,000 then we are at 21th place, this looks already a little more normal, personally i believe we will be a lot higher, but not today, not tomorrow, not next month, but it will happen later when DEV get more and more stuff ready. As i said before. 110K were mine yesterday, i bought 12K of it, and i'm sure that other big bag holders bought some too. We believe in this coin and don't watch it day by day, but we are in KDC for the big run. I don't want to be the 25000KDC pizza men when i would be able to buy a porsche for 25000KDC, ok this is exterm, but that guy with his 25000BTC also didn't thought it was worth nothing, because at that time it was worth nothing. Let DEV do their work, and let we, as community do our work.