Anyone buying this needs to read the XC thread. The developers of this are the same ones in XC who dumped all their premine before starting blocknet.
is this actually confirmed?
XC seemed to be the only currency that has working anonymity and many other features that other coins only promise to deliver
It would be stupid to dump XC premine right when blocknet ICO is running
Hi all
I can now give some clarity on the status of XC's premine:
- The premine has been completely spent since mid September.
- Dan has been part-funding XC's development since day one (XChat and the multipool, among other things), and funding it entirely since Rev 2.
- Dan will continue to fund XC's development, and so nothing about the source of the funding or the pace of development will change.
- Specifically, XC's funding comes from Dan's corporation, which has pioneered IP over RF in marine environments.
- The premine was not dumped or traded for profit at any stage.
- The premine was used exclusively for paying for XC's project - that is, for Teka and I to work, for websites, PR expenses, the ATM deal, etc.
XC is, and will continue to be, Dan's baby. He has personally invested over 1000 hours of his time into it.
Since it's been developed at his own expense for some time, you have good reason to believe that he won't just lose interest.
His personal stake is significant, and this serves to increase his commitment.