Let me get this straight.
There's 1% of premine + 216000 coins from all PoW blocks which will go to your private address.
Am I wrong?
1% Premine is for promotional stuff, bounties, competitions, faucet top ups, etc etc etc...
the 5 coins from each block goes to a separate foundation wallet which is used for long term support. This is the foundation wallet address MBKVCNHtGHdtxA5jfpYnaibCeYR25UpwUY, it will always be public to see.
Contrary to popular belief the foundation does
not get 5 coins from every block. Proof of Stake blocks do not generate the same amount so will generate a lot less. PoS will be running from block 20
Look at the BoostCoin model i ran a while ago, it's successful, it works, it enables long term support.. At the moment BoostCoin still has ~200 average BTC volume traded each day primarily in China
http://www.btc38.com/trade_en.html?btc38_trade_coin_name=bostThis is because i'm able to still pay for it's support. Unlike a lot of other 'newbie' devs i dont dump and run away from my coins...
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