Post
Topic
Board Announcements (Altcoins)
Re: [ANN][HMY] HarmonyCoin|Official Launch|Live On Bittrex|X13|100% POS
by
gentacomp
on 16/06/2014, 11:05:52 UTC

We did figure out what happened and it really is good news. So, at block 15800, POW blocks stopped generating; what we did not factor in was that POW/POS hybrid started before that point. This is why POW ended early, and this is why less coins were generated. Basically over the past 2-3 days, there were both POS block and POW blocks, every POS block generated though meant that one POW block could not be generated because we did not factor in those POW blocks to our calculations. So, overall this means that ~5.7mil coins were generated total.

Math breakdown:
 
3mil IPO - 2.2mil unsold= ~800K coins in circulation
5.7mil total coins - 3mil IPO pre-mine= ~2.7mil coins generated from POW
2.7mil POW + 800K sold in IPO= ~3.5mil total coins.

In the end this means that there are far fewer coins then originally planned. There is now a max coin count of ~3.5mil coins + 6% interest yearly. This is a mistake on our part, but is very good for investors. This should clear up everything!


ok, Right now, that mistake is good for investors.
when the multipool will online.

Yes This is a very good thing.

MAX coins 3.5M the market cap right now is ridiculously small.
Thanks to that now I got 1% of it. The price should jump to 4-5x times from cinni and it has less then 3 week to jump to 40k sat Grin