Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ANG] AngelCoin - X15 PoW+PoS - RARE (only 100k) - NO PREMINE!
by
Mastermine
on 07/07/2014, 23:48:44 UTC
This is misleading. Dev needs to state that there is in fact a 1% premine. Its just not generated in the first block thats all. After 7 days of mining then the 1% will exist for the dev. Same shit IMO.

How much dev must take for support, promote, etc in your opinion?
I see many devs who just dropped their coin and dissapear. Maybe reward for support is fair? But if dev supports his coin. Otherwise, if dev just waiting for community make his job this is not good. I'm not defending, just curious.

I am not saying that a premine is not a good thing.  personally i feel the dev needs to have a ton of coin to use for promotions otherwise it likely will fail. But I also agree that this is just a way to avoid saying premine when in reality there is still the same amount being taken out.  Its not "pre" mined though so technically its something else.  Either way it is a little misleading and seems scandalous.  Only time will tell Smiley