Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CHA] Chancecoin, a coin for betting in a decentralized casino
by
Mobius
on 06/09/2014, 23:20:00 UTC
I'm all for SuperNET. The only problem I see so far, and the reason we haven't applied to join yet, is that the cost is not zero. My understanding is that SuperNET is going to want to hold 10% of our coin supply, and we're going to have to find a way to raise 50k CHA to give to them. (Correct me if I'm wrong here please.) Given that's the case, I ask the community, how can we make that happen?

If I understand correctly you don't "give them" 10% of our coin supply. SuperNET is going to buy 10% of the coin supply in poloniex or from users. That is why SuperNET is having a "big" crowd funding so they will have the btc they need in order to buy the coins they think are undervalued and have good potential to grow in the future.

edit: after verifying this with James (jl777), what i said above is correct. SuperNET is looking to purchase coins for their portfolio, it is not a donation of coins.

@devs please apply to join asap  Cheesy

This is correct. The exact amount is negotiated with me after the applicant is successful in their screening.