The premine was 2.5 million — 500,000 was given out as bounties to people like you. That 500,000 is now being staked by all sorts of people, and there seems to be no issue there. There likewise is no issue with a minority portion of the premine being staked when that money goes to support development and other Sigil expenses.

A minority portion of the premine is being staked to give the dev team a continual source of income that helps pay for both current and future expenses. We would not be able to professionally build and deliver Sigil Go, hire a developer to overhaul the wallet, hire a community manager, make great commercials, and do wonderful press releases without staking. Many incredibly successful projects, like Zcash and Dash, have found that a continual source of income is the secret to reaching a billion+ market cap. We use our staking rewards to further Sigil so that it also stands a chance of joining those ranks.

As we've said multiple times, we've restructured out team this week with new hires and employees. I've taken on a more front-facing roll, which is why you've seen more of me this week posting on the forums. Andy, our new community manager, will slowly be filling this roll that I'm filling now, so you should see me phase out a little more on the public side of things. It does NOT mean that I'm leaving, it just means that I now have more time to focus on the business side of things with Sigil and Sigil Go rather than posting in the Bitcointalk, Slack, and subreddit.

SIGIL TWEET: https://twitter.com/sigilplatform/status/964193638426308608

Near the top of the volume charts at @StocksExchangeR with big price gains as well this week. It reflects the hard work we're doing!

SIGIL TWEET https://twitter.com/sigilplatform/status/963948018494996480


$SGL is #2 on @StocksExchangeR! More volume than Ethereum and Litecoin — Big marketing campaign continues through the next week!

Launched our first ad campaign

https://twitter.com/sigilplatform/status/963847524531490816 and https://twitter.com/sigilplatform/status/963847138068320256

Both are running as Twitter ads — same caption with different pictures so we can A/B test them to see which photo is best to use. If they work well, we'll be ramping up the Twitter marketing campaign quite aggressively. Hopefully, we see an increase in trading volume as a result — maybe enough to secure a listing on Coinmarketcap.com!

The mining pool is being fixed now. Remember, this week's focus is on onboarding new team members so that we have more hands on deck fixing these issues, and in a lot of cases, stopping them before they even happen!

People saying "Dead coin" are misinformed, and I recommend joining our slack to catch all of our active updates: https://join.slack.com/t/sigilplatform/shared_invite/enQtMjk2NzEyMDAyMjA4LTk0OThiOWEwZmRhZWVlMDlhNmZlNjIxZDJhY2I2ZWExZGYzNGM5OTFiNjhmN2M2YTM0MjA5MDEzNTIwYjgzMDM

We're very active in the Slack, but not as much on Bitcointalk.

• One of the big things we did over the weekend was bring aboard a new team member to help redesign the desktop mac, windows, and linux wallets. We all know that those facets of Sigil could use an upgrade.
• Last night, I met with the team member who manages the Sigilmining.com mining pool. He wants to take on a bigger role on Sigil's back end and will help bring big improvements to Sigil's PoS system through upgrading the Sigil wallet code.
• Yesterday, I met with our upcoming Community Director. This is a new position (and new team member) we will be adding who will be the spokesperson for the company.
   His role will be to make sure that updates are equally distributed throughout the Sigil forums (Slack, bitcointalk, reddit, etc.). This should be a big improvement because I'll admit that I haven't been the best at updating all of our forums equally (I love Slack!). He'll also will likely be working under a non-anonymous role, so you'll begin to get a glimpse into the team's identity behind Sigil.

Plans for this next week

• Onboard and help settle the three new team members into their new positions
• Plan and carry out (maybe carry out next week) aa marketing directive to hopefully help increase exchange volume for Sigil on https://stocks.exchange/trade/SGL/BTC
• Increase awareness about where Sigil is traded
• Finish up squashing little bugs and errors on Sigilplatform.com

We've got a great week ahead!

It's always unreasonable to assume that coin developers are wealthy due to their involvement with a cryptocurrency that turns successful. Many have to sell a large majority of their coins very early on to cover fees and expenses, and I know that it's no different with our developer who worked with another coin. Developers get threats all the time because people make this assumption that they're very wealthy, and that's just not true.

The progress is that the listing fee has been paid, and now we just wait for them to list it.

We just paid the listing fee for an exchange. We'll announce it as soon as they confirm and have the SGL market live!

Alright, it's time to stop griping about speculation over what the staking revenue from the premine might be used for. Hop into the Slack and head to the #bounties and #giveaway channels. We've been giving out some of the staking revenue to faithful community members for the past few days. When the exchanges come back to us with their $7,000 - $25,000 listing fees, the team also won't be forcing you to pay that fee for SGL to get listed. They'll be covering it themselves, with a little help (but not much) from the staking revenue.

If you don't have enough SGL to be finding any POS blocks (we've gotten reports that even with 150 - 300 SGL, people are finding blocks), please consider working on one of the bigger bounties to get enough SGL to find POS blocks. If 25 SGL was enough to stake and make good returns, the coin would be worthless and rampant with inflation.

SGL is not a masternode coin, but it still gives great returns on staking, check it out!

One good strategy is to mine brand new coins, like Sigil. It just came out today but isn't listed on an exchange yet. As a result, few miners are mining it: Sigilmining.com and https://bitcointalk.org/index.php?topic=2710157.msg27717799#msg27717799

Hey guys. A while back, I purchased MineETH.com and MineETC.com. I was thinking of making my own mining pool with them since the domain names are so great. The names themselves are probably worth a lot of money though and might appreciate if Ethereum and ETC get more popular.

I thought I'd give it a try offering them for sale. Anyone want to make an offer or suggest the best way to sell them?