Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN][HVC] Heavycoin - CPU-only, Ultra-secure, Decentralized Voting
by
neonemu
on 25/02/2014, 21:59:31 UTC
Can you please correct the premine to the correct values: 5-10% of the total supply. I don't know how you calculated 1-2%, but that's definitely wrong, I just checked this with the calculator:

(5000000+1500000) / 63000576 = 0.10317365987257 (10.3% premine)
(5000000+1500000) / 128000000 = 0.05078125 ( 5% premine )

Please do not deceive people:

This coin is 5 to 10 percent premine, not 1 to 2.

I guess I don't see where you're coming from.  The 5M isn't a premine from my perspective.  It's an IPO, a chance to get something by giving something.  It's not as if the Dev's are going "The 5M coins are ours as well."  Instead, they're giving the community the chance to buy a portion of the coins.  So, I guess, I'm asking those out there, how is it you're viewing an IPO as premine?  Are you the same folks that view the NXT IPO as premine?  Are all IPOs premines to you?

The other portion is clearly stated as pre-mine and for what purposes the premine exists.