Post
Topic
Board Announcements (Altcoins)
Re: [PRE-ANN] GanjaCoin [GANJA] ** Webwallets, payment gateway for EU cannabis biz**
by
shack4
on 16/10/2014, 17:02:05 UTC
The PoW rewards are way to high... this coin will see 500 sats from miners dumping before you'll your 5000 sats. Either reduce the PoW rewards greatly, or be prepared for some massive early dumping from miners. Look at ViaCoin for example
Code:
Block 0 = 0 VIA
    Block 1 = 10,000,000 VIA (to be distributed by presale)
    Blocks 2-10001 = 0 VIA
    Blocks 10002-20801 = 10 VIA
    Blocks 20802-31601 = 7 VIA
    Blocks 31602-42401 = 6 VIA
    Blocks 42402-5256000 = 5 VIA
    Blocks 5256001-10512000 = 4 VIA
    Blocks 10512001-15768000 = 3 VIA
    Blocks 15768001-21024000 = 2 VIA
    Blocks 21024001-26280000 = 1 VIA
    Blocks 26280001-31536000 = 0.5 VIA

for a coin supply this high, the block rewards were extremely low to maintain standard economics... supply/demand, and the price did amazing things after launch. Reduce the supply for ganja, or expect a supply way too high for demand and a massive dump.