The premine percentage will be changed after the ICO ended to reflect the actual number of coins sold on Bittrex. However the number of the premine will still remain at 150,000 because that was the number used by private investors to assesed the future value of XCloudcoin File Hosting Share.
Xcloud is not purely an investment or hoarders coin, we expect people to buy the coins on the market for payment of our Coud Storage Services. The Initial Coin Offering was used as a price mechanism in determing the price structure of XCloudcoin Storage Services and to further stabilized the price we decided to remove the mining parameters from the coin specifications. XCloudcoin Plan will be backed by the ICO price which will be adjusted periodic on average market price.
Dev, I think you are smart enough to see where we are coming from.
You NEED to reinstate the 5 million coin total then distribute the coins proportionally to everyone depending on their investment in the ICO.
This is the ONLY FAIR thing to do. Anything else and you are just being greedy. Less coins means more coins for dev which means the coins are worth more so more money for him.
Also you have not stated as to what you are going to do with the premined coins? Will you be selling 50% of the premine to pay off this "loan"? Where is proof of such a loan?
This is ICO not IPO and the price is fixed. Once Bittrex destroyed a coin it's gone forever. They can't keep changing the terms because someone is not happy with it.
How are they going to distribute the coins proportionally to everyone depending on their investment in the ICO ? Do you think it's possible to identity all the buyers that bought on exchange. Will Bittrex have the required time to search all their database?
They already stated how they going to spend the premine. Please give him/her your bank account number so that he can verify the $25,000.
The XCloudcoin Team received a loan of $25,000 from private investors for the file hosting development costs which will be repaid using the operational costs.
20% Xcloudcoin signup bonus program
30% Promotional Campaign
50% operational costs