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Topic: [ANN] Adonis Coin | XAD | PoS | Community Driven | Decentralized | Transactional (Read 694 times)

sr. member
Activity: 429
Merit: 282
newbie
Activity: 7
Merit: 0

I think this was part of the premine, but I'm not sure as I can't find any blockexplorer. Maybe the dev can explain better the situation.

Exactly yes.

The blocks up to 10k were PoW/PoS with the intention of putting aside this amount for pre-sale. As mentioned before, this will be used for funding of IT developments, extra staff and marketing.

We have never pretended to be available for public PoW, it was always our intention to be a PoS coin.

It's understandable that people want free coins, this is why we have an extensive bounty for people to participate in. In return for the free coins, you are helping our network by spreading the word.

jr. member
Activity: 155
Merit: 1
After knowing about this project through newsletter now I will permanent eye on the thread to catch every single development. This is not hard to guess this will turn into something big for sure. Just look at the concept with new ambitions and team to take it at peaks.
hero member
Activity: 756
Merit: 579

Thank you, and good luck to you too. Bismuth is a solid project.

Thannks!

Very nice project. I think this coin will have a good return of investment and i will tell my friends about it.

Agree the project have a good ROI, the only thing that concern me is that we will reach max supply in just 2.5 years (if the POS percentage will stay the same).

this coin was never POW, all 10 000 blocks mined befor this anouncement...

I think this was part of the premine, but I'm not sure as I can't find any blockexplorer. Maybe the dev can explain better the situation.
full member
Activity: 247
Merit: 100
this coin was never POW, all 10 000 blocks mined befor this anouncement...
hero member
Activity: 994
Merit: 504
Very nice project. I think this coin will have a good return of investment and i will tell my friends about it.
newbie
Activity: 7
Merit: 0
newbie
Activity: 7
Merit: 0
10% premined is very high percent, which can result in doubtless in community and potential investors.
I would prefer to know which are main purposes of 10% premined?
Will it be burned someday?

As is stated in the OP the money will be used as follow:
"Funds acquired will be distributed to ensure the long-term viability of XAD
and will be equally distributed between Staff costs, Exchange listings, Marketing, Bounty, IT Development."

Correct, thank you. This is detailed in our whitepaper as well.

Our first priority is to execute our long term vision, as well as getting the coin on exchanges for our investors. For that we will need funding for IT development, extra staff and marketing. We are not looking to make money in the initial stages and we will not be keeping coins for ourselves. We want the coin to be a success first and foremost, and for our investors to feel comfortable in supporting us.

We understand skepticism in the space, we also hope you give us a fair chance.

Welcome!
People are skeptical because of many new coins launched and abandoned after they gather few bucks (I know a coin abandoned after the dev gathered 0.2BTC), the 10% premine is not that huge at all, but you'll need some trust by the community, I know coins with 100% premined, sold to early adopters that were successful in the long term. Now that most of the people lost a lot of money with the market crush, they don't spend (risk) their little money left as they would in the bull market. Anyway I hope you'll gain some confidence and you'll be able to attract some investors. Good luck!

Thank you, and good luck to you too. Bismuth is a solid project.
jr. member
Activity: 210
Merit: 6
The purpose of this coin is Passive Income, Made easy...

 Roll Eyes

Better rename to Passive Outcome, supereasy
jr. member
Activity: 252
Merit: 1
Dutch translation reserved.
hero member
Activity: 756
Merit: 579
10% premined is very high percent, which can result in doubtless in community and potential investors.
I would prefer to know which are main purposes of 10% premined?
Will it be burned someday?

As is stated in the OP the money will be used as follow:
"Funds acquired will be distributed to ensure the long-term viability of XAD
and will be equally distributed between Staff costs, Exchange listings, Marketing, Bounty, IT Development."

Correct, thank you. This is detailed in our whitepaper as well.

Our first priority is to execute our long term vision, as well as getting the coin on exchanges for our investors. For that we will need funding for IT development, extra staff and marketing. We are not looking to make money in the initial stages and we will not be keeping coins for ourselves. We want the coin to be a success first and foremost, and for our investors to feel comfortable in supporting us.

We understand skepticism in the space, we also hope you give us a fair chance.

Welcome!
People are skeptical because of many new coins launched and abandoned after they gather few bucks (I know a coin abandoned after the dev gathered 0.2BTC), the 10% premine is not that huge at all, but you'll need some trust by the community, I know coins with 100% premined, sold to early adopters that were successful in the long term. Now that most of the people lost a lot of money with the market crush, they don't spend (risk) their little money left as they would in the bull market. Anyway I hope you'll gain some confidence and you'll be able to attract some investors. Good luck!
newbie
Activity: 20
Merit: 0
After some criticism of the discord, I was removed. Not a good start to the project. I will not go in! Angry
newbie
Activity: 7
Merit: 0
10% premined is very high percent, which can result in doubtless in community and potential investors.
I would prefer to know which are main purposes of 10% premined?
Will it be burned someday?

As is stated in the OP the money will be used as follow:
"Funds acquired will be distributed to ensure the long-term viability of XAD
and will be equally distributed between Staff costs, Exchange listings, Marketing, Bounty, IT Development."

Correct, thank you. This is detailed in our whitepaper as well.

Our first priority is to execute our long term vision, as well as getting the coin on exchanges for our investors. For that we will need funding for IT development, extra staff and marketing. We are not looking to make money in the initial stages and we will not be keeping coins for ourselves. We want the coin to be a success first and foremost, and for our investors to feel comfortable in supporting us.

We understand skepticism in the space, we also hope you give us a fair chance.
hero member
Activity: 756
Merit: 579
10% premined is very high percent, which can result in doubtless in community and potential investors.
I would prefer to know which are main purposes of 10% premined?
Will it be burned someday?

As is stated in the OP the money will be used as follow:
"Funds acquired will be distributed to ensure the long-term viability of XAD
and will be equally distributed between Staff costs, Exchange listings, Marketing, Bounty, IT Development."
member
Activity: 290
Merit: 10
Join @Bountycloud for the best bounties!
10% premined is very high percent, which can result in doubtless in community and potential investors.
I would prefer to know which are main purposes of 10% premined?
Will it be burned someday?
member
Activity: 310
Merit: 13
member
Activity: 358
Merit: 10
member
Activity: 280
Merit: 10
sr. member
Activity: 544
Merit: 250
Evil Pool
member
Activity: 115
Merit: 10
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