Post
Topic
Board Announcements (Altcoins)
Re: Officially Released Today MaximCoin (MXC)
by
bitgov
on 28/01/2021, 15:01:58 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

Thank you for that explanation. Well, it looks at least weird.. Because scammers always hide info like this. Hire we have completely different situation.. I think I'll prepare some popcorn.  Grin Grin

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.

I'm afraid that if you add 50m coins to the total supply, the numbers will only get diluted.

Total supply 84m+50m=134m so 50,000,000/134,000,000*100=37.3134%  Roll Eyes

I have no idea how to fix it, but adding coins to the total supply doesn't looks like good idea  Wink