One more thing "All FoxCoins will be mined within 282 Years" seems a bit excessive
The whole 282 year thing is something I can't quite completely get my head around. But the jist of it is that to prevent pump and dumping the initial block reward is proportionally lower then the max coins then most other coins. For example, 500,000 DOGE goes into 100 Billion 200,000 times, 50 BTC goes into 21 Million 420,000 times whereas 250 FOX goes in 1 billion 4,000,000 times. This is to make sure the early adopters don't get this massive advantage over the masses who get in 1 month or a year late.
282 Years? The devs are aiming for a long lasting currency I guess. They want to keep a stable rate of inflation for a while before the coin inevitably reaches its limit. I agree it's a bit long, but then again I'm not an expert on this stuff, I guess I'll talk to the devs about it, I'll get back to you!
And yeah, the gravity well feature is to prevent just that, Silverwolf.
Also, seriously, what DOES the fox say?Your input is all appreciated and suggestions are wanted.
Heres the thing if you market it correctly and provide enough pools then the early adopters are the people who will make your coin succeed not the stragglers who come in a month later. One thing that will make a coin not succeed is it being no fun to the miners i.e. small rewards split amongst many the miner ends up having not enough shares to make them want to mine anymore when they can go mine doge or other alts that have a huge block reward and can be paid out on an exchange immediately.
Just saying look at the other coins that have had low block rewards not many succeed in the scrypt world.
Watch their initial history huge hashing power to start then ohh im not getting enough coins hashing power drops = dead
baconbits is a great example of this.
You are creating an alt currency make it that. Trying to create something that will have a value over .00001 satoshi days are over especially when its called foxcoin. Make it fun hit high rewards let the end users / miners experience the thrill of having a good sized amount in their wallet.
I am not trying to beat your coin down either i like it you guys seems legit and the coin looks fun.