11.5 million premine (50% of total coins) and the rest mined at a rate of 11.5 mill/88 years = 130.682 coins a year, means that even after 4 year's Dev's have (1-130.682*4/11.500.000)*100= 95.45% of all coins.
Amazing.
I just saw 2.5 billion coins move out of the #1 rich list wallet.
into 2 wallets that didn't have any balance. wonder what's going on there?
moving some so they can stake or sell them? who knows.
https://chainz.cryptoid.info/ozc/block.dws?797016.htmHope I didn't waste my time mining this coin.
Derp, no staking with this coin, confused it with another coin.
Hope something good happens with this coin and it wasn't a
waste of mining time/resources.
good day.
more movement in that #1 rich list wallet.
1.7 billion moved from the new wallet broken down into 2 other wallets.
https://chainz.cryptoid.info/ozc/block.dws?797022.htmWhat you saw was the movement of NOT 2.5BOZC but 1.8BOZC ...
The 2.5BOZC seen in the Block Explorer is the TOTAL coin from that address (inside the exchange and one of many address Cryptopia has) to the wallet of the Official wallet (and subsequent dispersion to cold wallets) of CryptoGiveAways. This was stated in the previous post regarding the Donation of those coins to the CryptoGiveAways in this post here -
https://bitcointalksearch.org/topic/m.45087948The premine we originally had was NOT 11BOZC or more but 10BOZC due to the distribution of about 1BOZC by the dev BEFORE we acquired the coin. What we held was the 10BOZC which sat in the wallet untouched.
That update was all about spreading the premined coins for the use of bolstering the development process in a Post Coin Offering (PCO) style of distribution. What this means is that eventually we will have not only the funding, but also the distribution of coin that we originally wanted when we first acquired the coin from the previous developer. We have been holding this premine for more than two years before we decided to remove the burden of holding and distribute in PCO. We no longer wish to hold the coins and use them for the development process NOW before they are higher in value and sell them THEN for the development process. A fair distribution is what we have aimed at, and I believe we have succeeded on that level.
All in all, you basically beat us to the punch for the announcement that we have finalized this, but because the SweepStakeCoin PreMine is not finalized yet, and a post on the Official CWI-Thread was meant to show this for BOTH coins, with an 'update post' on both coin threads, as we usually do. In the official post, ALL information including the wallets, and addresses, with corresponding links to the block explorer will be published so that EVERYONE can follow the coins and where they are going/gone. Full transparency!
I have yet to see you mine on our official OZC Mine, but I assume you are doing elsewhere or are buying/selling/trading. You are more than welcome as is anyone who is interested in mining OZC.
The start of the rebuild of the coin on a new codebase has been initiated. This will mean that the implementation of the codebase will bring about more than just PoW, but a hybrid of possibly PoW/PoS or PoW/MN or PoW/PoS/MN along with a new Algo (one of the new CWI Designed Algos which will come with a new CUDA miner initially, when the new HardForked OZC wallet is released).
Our rebrand for OZC is also finished, and once we have built the new codebase for the wallets, will have the Logo and OZC theme integrated.
An update to the main page (OP) is well overdue. We will work on that in the coming days.
It makes me smile when I see community members with a keen eye, and a concern for the outcome of not only the coin, but also the end result. Always keep an eye on our main CWI-Thread so that you are always up to date.
#crysx
