Hello, i am Alt-alarm, to alarm people from scam.
I did analysis on PND, and find it a big scam.
Recently POS was added, the POS PND is not 0% premine, instead, it is 95% premine before the announcement of the POS.
When you change it from POW to POS, you are making a new coin (see C2 and NC2, CAI and CAIX),
the POW PND is a copy paste of litecoin without premine (i do some homework, it is complicated because of the 3 Pandacoin), but the POS PND has a premine.
Premine is before the public are able to mine a coin, the coin can be mined by some people or group. Before the public can mine this POS PND (less than 2 billion coin left), a small group already premined almost 30 billion POW PND, before the annnouncement of the POS PND, this is why it has premine.
With such high premine, this PND is a scam comparable with the recent premine scam in Asiacoin.
What premine are you talking about though? Would you mind pointing out the evidence?
Before the Announcement of the POS PND (different from POW PND), there are more than 30 billion PND exist. POS PND is a different coin with POW PND, because everything change.
30 billion PND cannot be mined after forum member see the POS PND, it is premine.
Please don't confuse POS PND and POW PND.
Another thing to alarm is they change reward from 500,000 per block to 50,000 per block after POS ANN.
I would suggest if this group really want PND to bloom, increase block reward, make the POS mineable PND at least 30 billion