Topic: ANN - LEOcoin - Official LEOcoin thread (moderated by LEOcoin Foundation) - page 14. (Read 90467 times)

Where to download a new wallet

But there is a lot of coins with a huge premined. What is a main reasons?

LF: LEOcoin has a premine of 50 million LEOcoins. Many people, like cryptominers, journalists and investors fear that LEO will dump all of them once the price goes up. Is this worry justified?

DA: No, not at all. Actually, a 5% premine is not that much and we had several good reasons for it.
Firstly, from the start we have been keen on establishing a foundation to support LEOcoin and we wanted to reserve a considerable amount for that. This summer we have donated 10 million LEOcoins to the LEOcoin Foundation. As a social enterprise, registered as a Community Interest Company, the LEOcoin Foundation is not allowed to make a profit and must invest its resources in pursuing its objectives. It is barred from activities that would undermine those objectives to support and expand understanding and interest in digital currencies.
Secondly, we, in this case LEO Ltd., used most of the remaining LEOcoins to promote the LEOcoin and let our members benefit from future developments; both for use as a payment mechanism and for capital building. The overwhelming majority of LEOcoin are in member wallets and with the mining community, not with LEO Ltd. or LEO employees.
The amount of LEOcoins still owned by LEO Ltd only forms a very small part of the total supply. We will of course always support LEOcoin. We will never ‘dump’ any LEOcoins or disturb the price – which is set by the market supply and demand mechanism. I should mention, here, that the UK direct selling regulations that we subscribe to prohibit us from participating in professional currency trading activities. The core business of LEO is education and skills development. We want to unleash human potential through delivering knowledge and give everyone who wants it, the means to become an entrepreneur. LEOcoin perfectly fits in this mission.


LF: Some miners complain that so many LEOcoins were allegedly sold to members and that the mining world was not informed from the start and thus missed the good mining opportunities that arise at the start of a new coin.

DA: Let me first make clear that LEO Ltd. has not sold any LEOcoins for cash to anyone. We did however use LEOcoin as an extra reward for our members and enabled our members to trade LEOcoin amongst themselves. This is part of introducing new audiences to digital currency.
Also quite a few miners got involved from the early stages, but greed and financial gain overrides sharing news with your potential competitors, so yes, it took a couple of weeks before the first mining pools did arise and even longer before it was generally known in the mining community.
Aside from that, we took great care that LEOcoin could be publically mined from the start, just like many other digital currencies. We never made any restrictions or demands in this regard, as we do understand that in order for LEOcoin to be accepted by the crypto world and beyond, you cannot work with a closed system. And up to today, we encourage people to keep on mining and staking.

I certainly hope not, but that is mostly up to CMC. As far as I understand, it has to do with our explanation of the premine and network distribution. As has been explained in 2015 and 2016, and as can be read on the LEOcoin official website this has in fact been distributed among the LEOcoin Foundation, crypto-miners, coin-traders and other LEOcoin owners, most of whom belong to the LEO organisation. These LEOcoin owners probably represent the major chunk of LEOcoin supporters. Many LEO members engage in trading and/or let their wallets stake for them (see: http://www.leocoin.org/LEODistribution.aspx.

Over the last 3 years, LEOcoin has been accused of whatever, but we simply have been a rather normal digital currency, with a Foundation, a blockchain, block-explorers, wallets for most common OS and smartphones, we are listed on at least 6-8 different exchanges and our market cap can be seen on WorldCoinIndex. Soon we will have a huge update, with improved and faster technology which we hope will add more benefits to our project.

This said, I hope and trust that the day will come, that LEOcoin Market Cap is listed on CMC, but it is not my call to make.

What is the reason for ? on coinmarketcap? Will it remain forever?

Yes, our wallet is fully synced

Is your wallet fully synched after you did a rescan?

Hello.
Since we did not receive an answer from developer and clients are still waiting for response, we publish our letter to developer in this thread.

Yes, we see that these transactions do not exist in blockchain. Nonetheless, we got TX IDs from LEO node and these amounts were debited from our wallet. We experienced the same issue with YOC for example, when we cancelled transactions and returned payments back to clients' accounts. But after 14 days, all of these transactions were successfully confirmed by YOC network. Thus, we lost some coins caused by network issues.

Can you guarantee that these transactions will never be processed by LEO network and coins will be returned to our wallet eventually? We can't cancel payment till we get straight answer to this question.

this is not the first time this has happened.

If I remember correctly, there was a similar situation with CCEX.

Your coins were in the wallet of Livecoin exchange and you requested a transfer; for that reason, I suggest you clear this with them. As far as I understand, exchanges have a special wallet they compile from the Github code. If anything would be wrong, they should contact our developers and work on a solution.

Last week, some users have reported that their withdrawals from Livecoin exchanged worked perfectly fine, so I am a bit puzzled with regard to what is going on. As far as I personally can check, wallets are running, connecting to several nodes and staking as usual. I hope we find a solution and your coins show up.

then who can i get my coins back?   LEO dev  or Livecion Exchange? I want to know where the coins go to?

Hello
I have a withdrawal of LEO on Livecoin ,and i got the
Txid: a9ac7a9cda1dba06d727592fa0a90ff98cc23624d0766cae0405a6e3f0b424da
but the blockchain shows "transcation not found".
and the Support of Livecoin has sent this problem to you.
i wander to know when i can get the coins back?
thank you.

Hello
I have a withdrawal of LEO on Livecoin ,and i got the
Txid: a9ac7a9cda1dba06d727592fa0a90ff98cc23624d0766cae0405a6e3f0b424da
but the blockchain shows "transcation not found".
and the Support of Livecoin has sent this problem to you.
i wander to know when i can get the coins back?
thank you.

Hello.
One of our clients have sent withdrawal transactions, we got TXID
http://explorer.leocoin.org/tx/a9ac7a9cda1dba06d727592fa0a90ff98cc23624d0766cae0405a6e3f0b424da
http://explorer.leocoin.org/tx/46fcce18525a74c32126755cf0f285f1312d3d719482e3d80cc6312cca296358
But these transactions were not accepted by LEO network, why?