⭐ Merited by poptok1 (1)
I support this project for last month by mining/inviting/answering questions on telegram/bumping this thread/talking about it on BTT on my local board. But there is one thing that is bothering me and my local community about IDENA. It's the amount of tokens that was premint.
36 000 000 coins...
Daily distribution is equal to 51 840 coins. It means that community will have more coins than IDENA team after 700 DAYS !
Currently IDENA team have more than 82% of supply- after 20 epoch (100 days of mining)
Community will have more than 80% of coins (healthy situation) after 7,6 years.
Don't get me wrong. I appreciate your work and i agree that you should be fairly rewarded but in my opinion current situation will scare every possible investor away.
I'm not saying that you should burn part of those coins (in fact that would be the best for community, but as I already said I agree that You should be fairly rewarded). I'm saying that You should reconsider locking 50-80% of those coin for next 2 year. In my opinion it will show your commitment, faith in the future of the project, decrease circulating supply, what will increase listing price and financial motivation for community to become node (faster project grow).
36 000 000 coins...
Daily distribution is equal to 51 840 coins. It means that community will have more coins than IDENA team after 700 DAYS !
Currently IDENA team have more than 82% of supply- after 20 epoch (100 days of mining)
Community will have more than 80% of coins (healthy situation) after 7,6 years.
Don't get me wrong. I appreciate your work and i agree that you should be fairly rewarded but in my opinion current situation will scare every possible investor away.
I'm not saying that you should burn part of those coins (in fact that would be the best for community, but as I already said I agree that You should be fairly rewarded). I'm saying that You should reconsider locking 50-80% of those coin for next 2 year. In my opinion it will show your commitment, faith in the future of the project, decrease circulating supply, what will increase listing price and financial motivation for community to become node (faster project grow).