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Topic
Board Announcements (Altcoins)
Re: [ A N N ] RedOakCoin::{ R O C } Scrypt Currency By: RedOakIndustries [ R O I ]
by
RedOakCoin
on 23/09/2014, 04:16:27 UTC
This does not look like a 'great coin' 'very interesting' or 'innovative'

BTCuyer BTCeware

We can't come to such a conclusion as of now.
I think the block rewards system is out of date.
The mining period tends to be too long and in-order to cope up the daily inflation, some reasonable features should be promised to keep the inflow of btc's.
The developers had not given a clear image of what they are upto.




About 8 % instamined in the first day.... It's not gonna fly...Beaware

We decided on a public premine (initial inflationary term), that's why so many went in the first day.  We are in the public premine phase until block 17280. After which our per block decay function will activate.

As of right now, we are on block number 12514

Each block up until 17280 is worth 129.53 ROC

Therefore 1,620,938.42 ROC's have been mined since the release.  

The maximum number of ROC's is 72,000,000

Therefore only 2.251...% of all ROC's have been mined to this date.


-Vulcan