Thanks I will the first thing i notice is this coin is pre-mined, which is not a problem as pre-mines are very useful if used correctly, does any one know
1) Total amount Pre-Mined of the current available supply of 47,171,560
2) How many of this pre-mine has so far been used
Thanks
Hello,
Yes indeed the pre-mine is very useful to fund development. I would say still around 20% is in the wallet and this will be gradually spent to cover development cost. So in essence we will never require to attract big investors (at least to get all initial developments ready) or sell part of our businesses equity which is a good thing in many ways.
As the price is gradually rising the last months I can firmly say the pre-mine won't have an influence on the market price since the volume will also grow once we start the mass promo's.
Have a great day!
Jens
If it wasn't for the pre-mine the amount of developments happening for this project wouldn't have ever taken place
Most people in the crypto space have given pre-mine a bad name, and also ICO's (such as ETH) because of the dumpers behind the project who have no future plans for a business and no concept. Just all talk
But when a pre-mine is used for the right purpose (development) such as this project and a few out there then it is actually beneficial because without it, you would have to spend money on development and if you fail to do that, then consider the business has failed
That's right, and the pre-mine will eventually run out and we'll use the revenue we generate from the various income sources in our network (the ad server on ADZbuzz, Payment gateway, Marketplace, Web wallet etc.) to cover developers and maintenance cost.
The good news is that we already generate revenue and with the lifelong traffic offer we have an offer for sale that will generate around 1 million dollars worth of ADZ the next months. This means we can perfectly balance things out to have virtually no impact on the overall project.
Nobody should worry the latest blog post shows exactly why the price will rise and keep on gradually rising indefinitely because fo the way we have set things up. It's way more clever than any ICO or angel investor pump and dump scheme and we stay in full control of our business.
