NIXPlatforms Development Fund is a very touchy and delicate subject when talked about with NIX team members or NIX community members. First of all it is undisclosed, and team members would rather not talk about it. I am here to talk about it. The other day someone joined the discord and mentioned some things about this, he was banned and his messages got deleted which is the reason of this thread. It goes without saying the NIX team. will suppress you from their medias if you have any doubts or question about their shady activities (Dev Fund, Andrea Cerulli, etc..].
All this information is public, what we know:
1-Initial Circulating Supply: 38MM NIX.
2-This Initial supply was an instamine/premine on the genesis block where this was to be distributed through an airdrop for Zoin holder, 2:1 ratio.
2 NIX for 1 Zoin Initial addresses of the airdrop:
- Github:
https://github.com/NixPlatform/NixCore/blob/master/src/consensus/airdropaddresses.h- Blockexplorer:
https://chainz.cryptoid.info/nix/block.dws?1.htm3-There was a 7% initial development fund directly allocated to the Development Fund. “38 million NIX with a 2:1 ratio and a 7% added coin creation to upkeep the 7% development fund.“ - from
https://nixplatform.io/docs/NIX-Platform-Whitepaper.pdf This was around 3MM NIX coins already, let us keep counting. (Always going to be underestimating so we can give the NIX team the benefit of the doubt)
4-To initially get NIX you had to hold Zoin through the snapshot and claim NIX, all unclaimed NIX will go directly to the development fund.
5-There is also a block reward that is allocated to the development fund. 2 addresses alter to get the development fund:
https://chainz.cryptoid.info/nix/#!rich
Around 400k NIX in both addresses as of Nov. 12th, 2018, and counting.
“NVbGEghDbxPUe97oY8N5RvagQ61cHQiouW”
“NWF7QNfT1b8a9dSQmVTT6hcwzwEVYVmDsG”
6-As of November 12th, 2018 in the NIX richest, which is public:
a- In the top 100 addresses, there are 80 addresses that haven’t been touched in 120+ days, close to where the distribution period what for NIX.
for. a total of 7858497.1 NIX (from November 12th 2018.)
(Adding up 7858497.1 + 3MM +400k = 11.2MM NIX count)
7- We can also add the initial default 6 NIX master nodes needed for the network to run properly. Addresses:
"GRXEvAsrSCtUMAh8kBGbK1Vvrp99WnyP1q"
"GRkmuDAoio5B9x2E5jQ7yFCysJyZv7Fhuk"
"GJydGsTxcLTQCBt67dPDk4r4V3PGJxyocN"
"GYusi7nqPXY8WpbdQ3gCh5RfSwM6QMZJub"
"GYzLNfz4QvctZ39TegXMPzce3id9yAqJLL"
"GdhgfR2UmaKNEhCBokjSU3SnMxWCNRDHe6"
Each master node is 40,000 NIX, all addresses have a minimum of 45,000 NIX so 45,000x6 = 270000NIX
Total tally: 270000 NIX + 12819496 NIX ≈ 13089496 NIX
(Always going to be underestimating so we can give the NIX team the benefit of the doubt)
Add it all up for a grand total of 30%+.
(We aren’t taking into consideration the addresses #130+ on the richlist or even anything that has been touched (moved) and has less than 120 days without activity, which could potentially come up to 35%+ of the circulating supply)
Now I am not saying that all of this is 100% part of the development fund but, when I say “close to where the distribution period”, this all took place when the distribution of the initial $NIX was happening, and all these addresses haven’t been touched in about exactly the same times? Also that these addresses don’t care to setup $NIX master nodes or stake? You can come up with your own conclusion.
