Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [TEX] Texas Coin - It's a Ninja Launch, Y'all!
by
Big Tex
on 24/07/2014, 20:28:09 UTC
DON'T MINE THIS SHIT - DEV HAVE ALREADY 499700 COINS FROM PREMINE, AFTER ONE WEEK IT WILL BE MINED ONLY 300000 COINS , LESS THEN DEV ALREADY HAVE, - PURE SCAM

The premine was explained in the OP.  The coins will be used for bounties for merchants.  We chose to do this -- which we can accomplish with a premine of less than 2% -- as opposed to the alternative that others use, which is 50% premine plus "air drop".
What kind of technique will be used for the "air drop"?



No air drop.  Evidence has shown that they don't work.

We are instead recruiting merchants, which we believe we can do at a far lower expense.  Thus we are able to have a 1.9% premine instead of the 50% premine common among other location-based coins.