Post
Topic
Board Announcements (Altcoins)
Re: Idena is the first Proof-of-Person Blockchain
by
Tytanowy Janusz
on 28/11/2019, 10:16:47 UTC
10% more nodes in a matter of 5 days (130-144) one day after hard fork (great one BTW). You guys doing great work. 20 next epoch and we will see 1000 nodes if we will continue to grow that fast Smiley

Now back to the economy of coin...
We are considering various options of Idena development funding, so most of the coins are reserved.

According to whitepaper only 6,48M out of 36M (18%) coins are reserved. That is not "most of the coins". Rest of them are just rewards for core team/founders/seed investors (by the way did you found seed investors and paid them with DNA or those 9,72M are also reserved founds for future investors/project development?)

Idena has had no coin offering.

That's a point for you in (community coins) vs (team coin) ratio case. But to be honest, from investor perspective seeing coin with such economy on my exchange i would think what is better:
1- coin with 44M supply 36M preminted in hands of team and 8M mined by community
2- coin with 44M supply 36M preminted 30M sold in ICO, 6M in hands of team locked for 2 years, 8M mined by community.

I'm not sure but second option guarantee that supply is more decentralized, coin is better priced (38M tokens are being traded out of 44M) and its supply won't be multiplied by 5 in one night after one person decide to dump. Second option seems to be safer for me as secondary market investor. That's why i still think that 80% in hands of team now and 50% after 700 days will scare every investor away and i do agree with poptok1

O and BTW, consider this 50% pre-mint lock once more. Or maybe just promise you wont dump 100%, the day some exchange will list DNA? Pretty please Roll Eyes For the sake of long term and HODL philosophy!