Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [PMP] PreminePlus Launch ~ Logo Contest ~ Giveaway ends July 31st
by
quasimodo
on 26/07/2014, 06:08:57 UTC

I'm still trying to understand this, bear with me.

First someone has 5k out of 500k PMC, 1%.
Then the PMC-PMP plan came up, 2m coins total, meaning a 1:1 swap would take that 1% down to 0.25% right?
Then there was the whole drama about the 3:1 swap on top of that, taking that down to 0.0833%, right?
And then the mistake was reverted, taking us to a coin total of 1m, reducing the initial share to 0.1667%?

Did I get those numbers right?

The plan (read the present OP)

1Mio Coins = 500K for swap + 500k for giveaway

Then TMX had the idea, the giveaway must be higher and subsequently reduced the swapratio.
He actually believes that we have at the end of August at least 2,000 people in the giveaway. The list is already full of sockpuppets. (I have found more than 20 in less than 10 minutes). But this is no problem for TMX. All other free distributions take care of this problem, because that destroys the coin.