Looks someone just copied dev website and claiming the core dev, copying any website's content is not difficult, just copy the website and upload the downloaded content in httdoc folder, instead they should create a new token as no one even a single person is going to support them, there are many factors that why people are not supporting them
1 = The total supply is not mined yet
2 = If the (dummy dev) pretending that the reason behind swapping the coin with ratio 200:1 is to reduce the circulating supply then he is totally wrong, why ? because at this ratio the total supply becomes 282,202,534,588 ÷ 200 = 1411,012,672.94 but they are claiming that the total supply will be 20 billion thats a big scam of the year. Swap just kills the coins so a coin which is stable the community will 'NEVER' allow them, so they will just loose and also if they create a new token then community will not trade the new chain.
Furthermore, the SWAP could be accepted if the total supply could be 2 billion out of 1.4 billion kept for swap, 2nd= the swap could be accepted if the new token listing could be only in BTC market and supporting no other market, according to this scam swap news, which is just a sign of big scam that more than the circulating supply (after swap which is 1.4 billion) the dev will hold 2.6 billion,
So if they are true with swap then the total supply should be around 2 billion
Remaining 600 million should be kept for mining and master nodes,
the block reward should be reduced to half in every 4 years (like bitcoin did)
the block time should be equivalent to bitcoin, also the ratio of reward should be equal to bitcoin, i,e in early days bitcoin was rewarding 100 coins every 6 minutes, so for 21 million coins, 2 billion XP the ration will be 21million:2 billion, the block reward will be 100:=XP ,
third, the dev should only hold the 10% of total mind means they should only mine 1.54 billion, and the total amount of coins which dev will be hold, should be spent only on new exchange listings, and dev must assure that he will bring only 1% of his holding coins in the market, so there must not be too much inflation in the market and for 1% he will get the daily profit, should be spent on new exchange listing each month,
4th dev must assure that he will not sell his coins lower than the market price (if market only controlled by the community then community will decide the price of new token, community will decide the price by multiplying their new XP with the OLD XP they received in exchange (swap) i,e if the SWAP ratio will be 200:1 and all time high price in the last 3 months (like now which is 0.0019 doge) so 0.0019 X 200 = 0.38 doge if we consider the swap is in the next 2 months, so this is around more than 11 sat this time, so using this method the community will decide the new price of XP token, by using this method, one who purchased in the higher highs before the swap, will not be in loss. so if all the above terms are accepted by dev and dev issue a written statement too, then the community could decide to accept the swap or not, and also for gaining the trust of the community, dev would need to prove his promises, the dev will be responsible to tell each month that where the profit he earned is spent ? i,e if he trade every day his 1% of total coins (which is around 14 million) if he gets the total of 1.54 btc at the price of 11 sat and buys back at the price of 10 sat (1.4 btc) so he earns 0.14 btc every day, which is 4.2 btc each month those are enough to listing the coin on a new big exchange, the dev will also be responsible to highlight that wallet where his remaining 9% tokens are kept. and also the community will keep an eye on the total circulating supply by estimating the block reward and current difficulty, if every thing goes fine, then XP can become a giant just like bitcoin.
and the last most important thing is that there will be no swap in the future.
1. The website closed by an former team member, who didn't passed the password other. So they take a copy and put it back online.
2. What you mean by the total amount is not mined yet? Of the new chain? The new chain is still in the testnet.
3. The reason for the swap is mostly due to better technology. The PivX (c11 algo) has more support, its faster and also we will see a privacy feature in the near future.
Circulating supply will be 1.411.046.523,73 only if all actual xp holders participate in the swap.
For sure we looking forward to swap as much coins as possible. The majority in the eXperience Points ecosystem will support the swap and the swapping tool will be available as long as possible (max 1 year).
The premine will be 4 billion.
2 billion for the swap. Also we will be refund people that was victims to the lionbit exit scam.
2 billion eXperience Points funding wallet only 10 % of the max supply.
Max Supply 20 billion.
The block reward gets reduced to a healthy interest rate over the yeas. So i am pretty fine with that. Not everything has to be like bitcoin.
4. I am totally with you on that. A monthly transparency paper is a great idea.
But since then the premine get traded? Really don't get the math you are doing there. Especially how should that get traded on a daily basis and within that range. Normally the stakes of the premine get sold to pay explorer, exchanges, new developer, doing e sport tournaments, payout rewards like seti project.