Post
Topic
Board Announcements (Altcoins)
Re: Zerovert - First Truly & Only Anonymous Coin with Zerocoin | Mandatory Upgrade !
by
MisO69
on 18/11/2014, 21:56:27 UTC
fair answers but what's about source code ?

I would also like to know the exact amount of premined coins.

Algorithm: Scrypt-N, merge-mineable with Vertcoin (VTC)
Generation: 8.4 million ZER
Block time: 10 minutes
Block Rewards: 10 coins per block
Allocation: 2% allocated to the ZeroVert Foundation for future development, .5% allocated for free giveaways

Here is my math,

2.5% of 8.4 millions is 210k coins
60coins are mined each hours so, there is 60 * 24 *30 = 43.2k coins mined first month
in 6 month this is 259k coins
in crypto world, 6 month is a lot,  at this point devs will possess 210k coins from a 469k cap, this is 45% of coins supply.

Can you give link to blockchain explorer ? I would like to see the wallet with premined fund and be sure that the dumps don't come from this wallet.

I never bother with coins that have a premine like this. There is only one reason for it... DUMP! once the price gets high enough. Everyone else is left holding their cocks. Happens in crypto over and over again.