Post
Topic
Board Announcements (Altcoins)
Re: Announcing ProzCoin : Proof of Action (PoA)
by
ScryptHasher
on 01/09/2014, 10:04:37 UTC
Ok so 70% of coins in the end of dev??? Are you kidding me?

Sorry but i'll pass for this one...

Distribution Model:  All 100 million coins will be mined in 1 block

10% coins will be evenly distributed to the founding team over 3 years. 
20% ProzCoins will be sold initially on exchanges.  All sold ProzCoins will go 100% to Coin Proz Oy.  The revenue generated from the sale will go to the further advancement of the site and keep as reserves for our merchants who accept Prozcoin.
10% Will be reallocated for PoA/PoW mining rewards
10% for Proof of Action (PoA)
20 % Discretionary spending to have reserves for exchanges/merchants
30 % Unallocated for future plans Cold Stored with multi-sig founder verification for wallet release

The reserves do not go to us.  They will be cold stored.  We will use a larger percentage towards PoA when it is necessary.  More will be allocated to our mining rewards.  We are leaving flexibility for future plans. 


"Distribution Model:  All 100 million coins will be mined in 1 block"


Literally is the only downfall of your coin..  I would like to say your wasting your time spending all these resources developing