Hi,
i had a questions .. so total Coins: 30,000,000 is the initial supply? and every year it will increase approximately +3.5% ??
i had a questions .. so total Coins: 30,000,000 is the initial supply? and every year it will increase approximately +3.5% ??
Yes the initial supply is 30 M and the network creates 2 coins every minute rewarding a random public key involved in a transaction in the last block, but if there are not transactions in the last block the coins are destroyed. So annual interest is 3.5% only if there are transactions in every block.
"the network creates 2 coins every minute rewarding a random public key involved in a transaction in the last block, but if there are not transactions in the last block the coins are destroyed."
How is the network validating this against an adversary?
An example: miners/stake holders can always include a transaction to itself and change the code so the selection of the pub key is not random, instead rewarding them self with a block reward.
Well when the ICO coins that the dev wants people to buy sells out or gets burnt then those 2 coins per minute that get rewarded to 1 individual user will be getting fought over so it will make it more sought after, 2 coins per min x 60 mins is 120 then times that by 24 gives you 2880 XLTH created per day by the Network.
. I will invest in the ICO as well because it is very cheap..For 30 million coins and a 20-35 btc initial market cap, once all the initial freebie dumpers dump their stash, this can easily rise x 5 in value, so for any speculators out there, it really is a no-brainer. With all those heavily priced ICOS out there, this one is a breathe of fresh air and very affordable. I will certainly want to get in on the first day too! 
