SaveCoin Market Cap - Follow-up

Okay, so with everybody's feedback this is what I wrote on coinmarketcap.com's bitcointalk thread:

Quote from: tuvokcoin on June 17, 2014, 05:41:43 PM

Gliss,

The SaveCoin coin supply is not being correctly represented on coinmarketcap.com.

The coin supply listed presently, only shows the mined coins. The double asterisk indicates that the coin has been Significantly Premined, however those premined coins are not included like they are for other coins.

SaveCoin did have a premine of 20 Million coins. Of those 20 Million, 19 million are held in reserve to make daily interest payments in what is called Proof of Funds (POF). The coin pays out a .137% daily interest on every coin in circulation (except the premine). The wallet does not need to be open like POS. These coins are not technically available coin supply until paid out as interest.

The remaining 1 million premine are held by the Dev for bounties, promotions, giveaways and are fully available.

1) To accurately represent the coin's supply for the short term at least the 1 million Dev premine should be included.

2) To be even more accurate, the paid interest to date should also be included. We would be satisfied with #1 to get started until a process for #2 can be created.

3) Eliminating the 19M held in reserve for POF, makes the effective premine 5%. In light of this, does a 5% premine still qualify as significantly premined or can this designation be removed?

Given that SaveCoin is the only POF coin, we understand the confusion. Let me know if you have any questions or if any other information is required to make this change.

Thanks.

So Gliss agreed and has added 1 million to the available supply and removed the "significantly mined" designation.

Our new marketcap looks like this:

129 SaveCoin $ 50,974 $ 0.046605 1,093,743 SPC $ 1,181 +4.58 %

Things are looking up. Suresh has created a great coin. If we work together as a community, good things will happen.

cheers,

tuvokcoin

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