Quote from: brian_nguyen on May 31, 2014, 12:06:26 AM

Quote from: techbytes on May 30, 2014, 11:58:26 PM

10 coins/block and 10 mil premine? Not very miner friendly ratio...

-tb-

Same thing isn't it? Just ignore the 0's. I can see it'll be the next big thing. Grin

Except in reality the equivalent coins per block is 50 coins / block because of the super block for science. Sciences get 80% of the coins mined, however, it is done in the daily way to keep timing submissions from happening. The pre-mine is equivalent to roughly 140 days of coin mining which is actually a bit high - I may change that pre-mine to 5,000,000. However, also keep in mind that not counting paying for services, ads ect. our current plan has investors receiving 3,000,000 of those coins (and the minimum purchase as an investor will most likely be ~10,000 coins - so a decent number of those coins will be spread out).

I'll look into making the premine worth a month of the coins, and I've also toyed around with the idea of putting a restriction on investor & developer coins that for their first transaction (when they go into the investors wallet / developers wallet) that limits how long it could be before the coins are sold.

I understand many people here don't like premines and that that quickly turns them off from the coin but building a coin of this scale versus just making a copycat coin requires noticeably more resources that I can't afford to pay for at this time. I'm looking alternative methods to solve this but currently possibly increasing the equivalent coins per block to 75 or 100 and cutting the premine down to 5,000,000 + a restriction on when / how fast they can be sold / released could help solve this problem.

Thanks for the advice.

Quote from: zzojar on May 31, 2014, 12:10:23 AM

I am lost. Is this coin called "sciencecoin" or "unitedcoin"?

For now it is United Coin - but we haven't fully decided yet and it is likely the name will change.