Post
Topic
Board Announcements (Altcoins)
Re: Officially Released Today MaximCoin (MXC)
by
armenmerikyan
on 28/01/2021, 13:30:23 UTC

But what's with the 59.52% premined coins? Is it true? If so, I think we need a few words of explanation? This is quite unusual for this type of coin.


Only trying to help here, no fud intented.

Check at this file in code:

https://github.com/maximcoin-project/maximcoin/blob/main/src/validation.cpp#L1163

this link will direct you at line 1163, it says if block height = 1, then reward is 50,000,000 coins (50 mil)


And if you do the maths on the normal block reward (50) and the halving time (every 840,000 blocks)
https://github.com/maximcoin-project/maximcoin/blob/main/src/chainparams.cpp#66

then the maximum supply equals to 84 mil. And 50,000,000/84,000,000 * 100 = 59.5238%  Sad

Shit I screwed up on the code, ah well, needed to add 50,000,000 to the total supply of coin. let's see how this works it's self out.