Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PMC] Premine Coin | Rare | Mining Transaction Fee Proof of Concept
by
Nullu
on 05/03/2014, 22:39:30 UTC
I still don't understand how these coins were distributed.

What were the requirements for receiving PMC?
Were 499,000 PMC given to just a handful of people?
How much PMC did each developer receive?
Are there any left for regular users?


What were the requirements for receiving PMC?

Declaring an early interest. That is mainly it.

Were 499,000 PMC given to just a handful of people?

Quite a many handfuls, who them themselves gave it to many others.

How much PMC did each developer receive?

0. The dev gave them all away.

Are there any left for regular users?

If you mean of the initial coins? No. They are now in the hands of users, the market, and so on. The coin has become valuable now, so giving it away would be like giving people free BTC. It would defeat the point. There are still promotional giveaways taking place, so you can still get coins for nothing, but the initial phase of the distribution ended some time ago.

What was the amount of PMC given to each person and how many people received PMC?

It varied. You'd need to speak to the dev about that. Around 5k per person, but it varied. There were also some larger payouts for a couple of bounties. It seems like a lot now, but for a coin that had zero market cap, it was essentially worthless when it was given out. As far as I'm concerned, those who got it early deserve it. There were a few greedy people in the bunch trying to get more, but the majority of people who got PMC spent time spreading it out among others.