CHIA (XCH)

XCH is not mined from the first coin - 21 million coins were pre-farmed, i.e. released at the start of the blockchain launch.

Many market participants have legitimate concerns about this. Breaking down the business side of the Chia white paper, I publish excerpts regarding these 21 million coins:

1. The 21 million coins prefarm is not personally owned by the developers and directors, but is owned by the company, where decisions are made by voting.

2. The 21 million XCH will primarily be given on a loan basis to organizations that need Chia currency.

3. Under the terms of the positive-interest loan, borrowers are required to pay back more than they borrowed. This is supposed to create upward pressure on the price by the time the loan is repaid.

4. Using XCH 21 million to fund promising projects, incentivize farmers, and secure the network.

5. The 21 million XCH prefarm stock is untouchable until Chia becomes a public company with its own stock.

6. Once shares are issued, they can be purchased, subsequently being able to receive dividends in XCH from the prefarm.