Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BANK]BankCoin[X11]POW/POS-Now 4 exchange★bittrex★poloniex★c-cex★coinnext★
by
CryptoLyon
on 23/05/2014, 14:11:12 UTC
Something in the code of this coin doesn't add up and if my maths are correct, it is 62.4% premined.

There are 500,000,000 max coins despite what the announcement says.

On the first block, 312,000,000 were instamined, which if you divide that by 500,000,000 you get 0.624, which x100 = 62.4%.

Want to back up that statement with actual proof?

Link us where in the source code you found 500,000,000 coins and that 312,000,000 were premined!!!

I threw together a Block Explorer for BANK. The wallet address is wrong, but it shows all the blocks.

Block One had 1,000,000 coins in it. Check out http://bank.exploreblocks.com:2777

So the dev was honest on 1% premine out of the 100,000,000 total supply and not 62.4% premine out of 500,000,000 like that PereguineBerty was trying to FUD here.