Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] MaskCoin and MaskNetwork
by
themasknetwork
on 11/08/2014, 14:09:48 UTC
Quote from: vlight on August 10, 2014, 01:56:43 PM
Quote from: themasknetwork on August 06, 2014, 01:22:58 PM
Quote from: tobeaj2mer01 on August 06, 2014, 02:37:20 AM
Quote from: themasknetwork on August 05, 2014, 03:00:34 PM
Quote from: crimealone on August 05, 2014, 02:24:10 PM
Are you kidding me? The number of pre-sale coins is 50,0000 and dev owns 5 million?HuhHuhHuhHuh
5 million?HuhHuhHuhHuh??
Really?Huh? 5 million?Huh??
So you guys own 90% of the total coins?HuhHuhHuhHuhHuhHuhHuhHuhHuh?//
WTF!?
Shut up and take my money!!!!!!!

There are 100 mil total coins. The developers own the initial stake of 5 million available coins. It's a POS coin and without an initial stake the network can not start. The 5 mil coins we own are available for sale on maskexchange.com

What about the other 94500000 coins, how will you deal with them?

The rest of 95.000.000 coins are going to be distributed by interest (25% / year) to stakeholders. Any address holding at least 25 MSK will receive a daily interest of 0.06%/ day.
Is this the manual process? Or this will be hardcoded to the wallet and devs will not be able to manipulate distribution after the launch?

It's an automated process. The address that make the payments has no private key and the whole distribution is controlled/approved by the network. The developers an not use the 95 mil. coins.