Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][Blocknet] The internet of blockchains / XBridge / true cross-chain P2P
by
synechist
on 22/10/2014, 18:50:27 UTC
Quote from: adhitthana on October 22, 2014, 06:47:25 PM
Quote from: synechist on October 22, 2014, 06:29:43 PM
Quote from: adhitthana on October 22, 2014, 06:27:40 PM
Quote from: synechist on October 22, 2014, 01:30:29 PM
CoinGateway will handle the majority of coins.

So does this mean if we buy blocknet with XC on coingateway, that coingateway then DUMPS the XC into the market and the XC price crashes??

How is the XC exchange rate calculated?Huh?


No.
The Blocknet Foundation keeps the coins to fund development.

No coins are dumped. This is in the FAQ under the OP.
Are the coins held in escrow...or will they be sold off slowly over time?

They will not be sold off at all.

They will be used to pay for development.

We're looking at ways to hold the coins in escrow, though trusted third parties seem a little thin on the ground. Check out the FAQ below the OP for more info on how we'll handle the funds.