All coins have a fixed premine. It cannot increase.
The size of the premine affects the cost of the coin. The more premine - the lower the cost. And here it is constantly growing.
There is no law requiring a premine to be fixed.
But this characterizes the developers of the coin.
In this coin, premine will not be consumed at all.
They will pay for something, IF they will, then from this growing part.
Why should people get an interest in buying coins if the developers get new coins from the air?
All payments should be made only from this amount - 521,526 DNA.
All reward coins must be burned.
Where are scam accusation evidances? This is your opinion and nothing more. The size of the premine affects the cost of the coin. The more premine - the lower the cost. And here it is constantly growing.
There is no law requiring a premine to be fixed.
But this characterizes the developers of the coin.
In this coin, premine will not be consumed at all.
They will pay for something, IF they will, then from this growing part.
Why should people get an interest in buying coins if the developers get new coins from the air?
All payments should be made only from this amount - 521,526 DNA.
All reward coins must be burned.
What did you say yourself.
I do agree that this account should not receive invitation rewards or it should be stated in WP what is a purpose of those coins and to who they belong. I think that those funds should, at least, be transferred to zero-wallet.
at least, be transferred to zero-wallet. Wallet that is not one person money but its funds has it's own purpose and is locked for project purposes. After my post Krucifer explained me the purpose of this wallet and i merit his post.
Just like you spoke out in disbelief about such a huge premine.
That's what scares me the most about IDENA.
1- 36 milion premine. (82% of all coins in hands of team now)
2- 12K coins from invitations
3- 5% of all new emitted coins goes to the team ~ 13k coins each epoch
12k+13k=25k coins each epoch goes to the team. Thats ~10%
I wonder how many potential new miners or old miners quit after seeing how insignificant their stack is in comparison to the team stack (82% of total supply).
1- 36 milion premine. (82% of all coins in hands of team now)
2- 12K coins from invitations
3- 5% of all new emitted coins goes to the team ~ 13k coins each epoch
12k+13k=25k coins each epoch goes to the team. Thats ~10%
I wonder how many potential new miners or old miners quit after seeing how insignificant their stack is in comparison to the team stack (82% of total supply).
17th of December man. After this post IDENA TEAM locked 70% of premine and that was my case:
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.
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 truth, you are not a smart person, or you are paid by these scammers.
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And now you say the opposite, although the actions of devs only emphasize their greed.
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You are the crypto whore who protects the one who pays.
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And now you say the opposite, although the actions of devs only emphasize their greed.
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You are the crypto whore who protects the one who pays.
When they pay me? In december they wansn't because i was posting about premine, than they was paying, 3 days ago they wasn't because i was posting about purpose of 800k wallet and after 3 days they are paying again? You see how stupid it is?