Re: [ANN][Blocknet] The internet of blockchains / XBridge / true cross-chain P2P
the only thing I don't get is why dev needs so much money? 1 million bucks, thats pretty greedy to my taste. And I'm not sure if the market will be able to support the 25k sat price at a 10,000,000 coin money supply
2500 BTC is a limit, not a required maximum.
It's there so that people don't buy *more* than this amount; hence it's to prevent pumps.
If we raise less, then the remaining BLOCK will be destroyed, and the project will move ahead.
So really the situation is:
- we don't *need* 2500 BTC, we need a minimum of 850 BTC as stated in the OP.
- but 2500 BTC will maximise the chances of success of the project
- it's entirely up to public demand to determine how much funding we get.
Then why not just lower the amount to 850 then ?
And wow i had no idea until now but Staking ?
So far i am hearing about a 100% premined coin being sold off that has so far raised a quarter of a million dollars and guys are staking already.