Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Syscoin - Business on the Blockchain - LAUNCHED!
by
MantisCoinDev
on 20/08/2014, 11:39:32 UTC
So where is the 1% Premine Address?

original premine address: http://sys.coinzone.info/address/SdT4LVg8BFXfcK6VQP1ALVpk4Wp62YHSAW

which was sent to exchange for quick dump if necessary

new exchange premine address: http://sys.coinzone.info/address/STqv5wokEnanoedaXY9ihAtvM9ppKhyici

as you can see the devs have moved the premine for some 'unknown' reason. seems legit. and its not 1% its 16.3% ~59million syscoin

if you think this is FUD, do research Smiley

Is this true? On top of the ipo there is an additional 16.3%?

dont take my word for it. calculate it, its simple maths. the premine is 16.3% of the current supply. in 40 years when the full supply is reached, then the devs will own equivalent of 3%. they also own a further 15% ontop of the 16.3%, which was purchased through buy walls (250btc) on mintpal, moolah also was allowed to exceed the max buy of 25btc per investor, and has brought 120btc worth, as confirmed by his twitter. so all in all, between  syscoin and moolah, they own over 50% of syscoins, and an additional 1500bitcoins from us investors. seems everyones loaded, except the investors.