Re: [PREANN] SMOKE - SMOKE-4 ALGORITHM - New algos (BMW + X) - 50/50 POW POS IPO
We have just confirmed a verified escrow agent. IPO will be available soon.
+1, would like to see IPO on Nxt AE, would be nice to buy and sell Smoke Shares while you are in development for next 3 months.
1) what? will this coin released in september?
2) Dev, why there is not a max cap on BTC for IPO? If you collect a lot of btc, who buys could be penalized ( don't forget that miners will dump continuously).
This coin will not be released in September. The beta test eta is 9 days away
Initially we were going to set a BTC cap we are still open to the idea of it but then there are people who do group buys also, the mining period has not yet been set so all options are still on the table (current stance is 4 months). We are open to positive discussion about it. Mining period could be extended or POS initial distribution can be lengthened etc. There is a strong set stance currently gauged around the 50/50 mark in relation to the POS and POW distribution. There will always be problems with any distribution so the floor is open to response from the community.