Guys. The plan is to share
50% revenue from the exchange to the conmmunity, free of charge. The detailed plan about it is already written here:
https://sharexcoin.com/fee_shares/about Try to read it first before making any argument.
I am not changing the price so don't ask me to. This thing was carefully planned long time ago it's not just a random decission. It's just that the price of ShareCoin shot up too high, which we didn't expected. One more thing we didn't expect is that the exchange already got the daily trading volume of: 20 BTC in just 2 days. Even though the exchange is just in beta mode.
Can not answer all you questions in this thread right now. I'll go through all of your questions and answer later. If you have a serious issue regarding the exchange. just open a ticket here:
https://sharexcoin.zendesk.com/im lost here..., how could be that 50% of the revenue free of charge?, first ok people got the coin free but one argument there is with all the free coins how much share would it cover? at 20k per 1 share of 50,000 share total (total coins is 100m) unless a certain thing is true
ShareCoin - Share
ShareCoin is a pure PoS coin which generates coins through PoS blocks. Except the first block where it generates the initial 100 million coins, no PoW mining will get any coins. The 1 billion coins will be distributed equally to 1000 individuals with 100,000 coin each, completely free.
Equal distribution to the WHOLE share. Each person gets 100,000 coins. Dev team gets total 1 million coin! It is the share coin! While the dev team will maintain and enhance the code and fix any issues, it is the community which will promote and market the coin.
ShareCoin also adopts a variable PoS rate with the following annual interest rate: Year-1: 30% Year-2: 20% Year-3: 10% Year-4: 5% Year-5: 2% Starting from Year-6: 1% annual interest for maintnance.
60 sec block time
diff retarget each block
3 transaction confirmations
50 minted block confirmations
PoS block generation after 1 day of holding
Zero Premine.
Ports: connection: 22701 RPC: 22702
#ziplibrary
May I know the total is 100 million or 1 billion?
that above computation is calculated under 1 billion coins or else it should be 5,000 feeshare and a total of 10k together with the owner's share
note: else if zip will correct his post and say 5% of the revenue instead of that 50%