Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
Eadeqa
on 14/05/2014, 02:23:47 UTC

1 billion for dev founds
3billions to stakeholders (1000000 NEM for 3000stholders)

It's 400 million for developers stake.
And 1 billion for development fund.

Lets not forget BTC and Nxt that were collected during IPO (which was also pretty hefty amount). Add that to the development fund too.

Now I trust people involved in this that they won't dump that many coins and disappear, but if there was any other PoW coin where 35% were pre mined by developers it would be called outright fraud.

I would like to see more people in control of the 25% -- instead of just the initial developers. Maybe form something like various committees (marketing, development, social media, infrasture etc) and the funds split into those accounts.

I don't want to see just one person controlling the 25% and making all the decisions.