Post
Topic
Board Announcements (Altcoins)
Re: ♦ [ ANN ][ MIM ] ♦ Magic Internet Money ♦ Do you belive in magic? ♦
by
Xamda
on 14/02/2014, 00:54:37 UTC
I'm curious how you determined what a pre-mine of  0.1% is with a coin that has an eventual unlimited supply. Could we get what the premine was in terms of coins?

Sorry its 0.1% of 1 trillion im sorry. Which will take roughly 100 years to create.

Would you please clarify this?

Does that mean the premine is one billion coins? Or is it a certain percentage (0.1) that goes to this purpose continuously (0,1 % every year) somehow?

If the premine is 1,000,000,000  it is more like a 6% premine of the coins from the first year...

Or am I missing something essential here?