Post
Topic
Board Announcements (Altcoins)
Re: [ANN] FIMKrypto: NXT spinoff 30s blocks, POW-like rewards, national income *FIMK
by
xibeijan
on 02/07/2014, 01:09:33 UTC
Yes we have a public https web wallet run on the association's server.

The head dev insisted on forging at least 300 to 400 blocks before public access. Possibly to avoid initial forks but I'll let him explain the details tomorrow. The association will distribute the block rewards received during this time as bonus payments to the community.

That's fine as long as those block rewards are delivered back to the IPO stake holders proportionally.  Otherwise, this would be an unannounced premine that should have been declared in the IPO prospectus.  There is no technical reason to premine 300-400 blocks. QED