Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] X13 BoostCoin █ First ever x13 PoW/PoS █ 600 BTC Volume in 24 hrs!
by
mammix2
on 28/05/2014, 23:33:56 UTC
Quote from: Real_Unhooked on May 28, 2014, 11:23:10 PM
Quote from: mammix2 on May 28, 2014, 11:12:42 PM
Quote from: Real_Unhooked on May 28, 2014, 10:51:24 PM
Quote from: Kuttingcorners on May 28, 2014, 10:16:24 PM
15 coins every block how does that work out ? i could be wrong but seems like that jumps your premine from 1% to 4%

Finally another one who sees this Smiley

From my previous post.

hey dev do you wish to comment on the following?

Whats the exact number of coins PREMINED? 1% of total coins?

1% of 40M is 400,000. Add to that 15 from every block which equates to 43200 x 15 = 648,000.

 Making a grand total of 1,048,000

So ...
Premine has so far been used for paying back a lot of compensation for the coins lost before relaunch (Yes i'm a dev who actually does that!!), and for promotional stuff.
the foundation has so far been used to employ 2 PR members, which are doing an awesome job!

Dont forget that the foundation doesn't get 15 from every single block created. Any orphan blocks or ones created when the wallet is offline do not end up in the wallet. Also i posted about the OSX wallet recently? yes the foundation coins were in there for a while and as a result lost some... during the problems...

Im trying to be as open about all of this as possible. All i want is for this coin to be successful and for everyone to enjoy being a part of it.

Fair enough. I never believed in working for free. But you still haven't said how many premined coins? 1% of what number?

Can you post the addresses of the premined coins?

yes 1% is the 400,000 pre-mined coins amount.
And as you say you never believe in working for free, if i post the Premine address, i will have a flood of people asking what it has been spent on. Yes i have profited some BTC from it, and have spent a load on compensation, plenty of people will confirm this.

The Foundation amount i will be totally open about, the address is BKqAh5ojyS7bkjaDHJEWXxMwKNUvUsNZak and there is currently 111647 ballance in the wallet. this will still be used for long term support and running costs..

Listen if this coin really does take off, do you think all the people that will need to be involved will work for free? i dont think so...