97 millions of TTN were spent to swap to exchange the quantity hold by general public.
The remaining 800 million TTN are held by developers and promotors in an unspent status. We will soon orgnize a sale of Titan coins in the following manner:
1st phase sale - 50% TTN
2nd phase - 25% TTN
3rd phase - 10% TTN
15% TTN will be reserved for promotions
1st phase sale 400 million coins? With 30 coins blockreward that's like 13.2 million blocks or 25 years of mining.
I too shall sip from the fountain of eternal decentralized youth
OUR PREMINE SALE WILL BE FOR THE USECASE OF TITAN COIN ITSELF. For an example if you want to list a coin in titan exchange, You need to pay listing fee in Titan Coin only. Therefore it is a compulsory buying for the one who needs that, And if you are into mining of Titan Coin you are free to sale your coins lower then our sale order or in the same rate where we are looking forward to sale it, If you consider this a centerlize stuff it is not appropriate. There you found X no's of shit coins where project comes with the projects in air and take millions of innocent public. We know what we are doing and we know how to go ahead with this sale planning.
As Far as the pre mine is concern, It is our will weather we will sale this in a public sale or to compulsory buying program or anywhere we looks fit and suitable for us.
No one can stop us or object on this point, As Still it is less then 20% of Total supply, After 2 years and 7 months of inception of Titan Coin.
A separate thread for our exchange is already launched. The features of Titan exchange are world class. We accept Payments in Our exchange through bank payment gateways and you will find all types of cards acceptance there. You May visit our exchange at
https://ttnex.io/
Please dont forget to give your feedback..
Enjoy your day...
Premine being 20% of total supply is high, but combined with the low mining emission reality is after 2 years and 7 months it is a 99.9% private honeypot for you to dump on markets anytime it is suitable for you Dear Forum Member:
I will request you to make a little research on the things properly before making a quotation on any topic or any matter.
The Current Supply is 125% of Premine,
The Total supply till date after mining rewards / Staking rewards earlier for 2 years and 7 months ( Including Both is around 18% of total supply as up today) Under 20 % of total supply after 2 years and 7 months including all rewards is not huge.
2: We have not performed any ICO or IEO so far, Means the entire project is in strong hands and therefore we do not opt that public fund raising so far.
3: We could have issued an ERC20 Token as we are planning to sale the entire coins on our created usecase, But that would not have been a contribution to the blockchain technology , But you guys are least bothered about that contribution to the technology because the one who escape your money and run away is your choice. Did someone have asked you to buy or spend a single penny on Titan coin? No one would even ask you. As we dont need crowd funding at any point of time so far and right now even ,If this point is not clear to you , No one can help you buddy.
4: We will make a coin sale, It means that we are going to put the sale of titan coin on our own exchange, The projects who wants to list their coin/ tokens in titan exchange or the crowd who is going to use our mobile apps needs to pay his premium via titan coin only. So if you need our services then it is a compulsion to buy Titan Coin.
5: Informing public about Premine amount or disclosing the sale plan is showing the honest intention otherwise there are among top 5 players in the world who dumped their holding in billions and already have enjoyed a big amount of money.
Advise: Without making prior research on the history of the project, do not comment. You might not even know that what type of huge bouties were given in the starting of Titan coin, and what are the next bounty programs we are coming with, How many giveaways for the promotion is spent. Just go in the past have some research.
Enjoy
You haven't really responded to the issue raised by him.
The point being that the premine= more than two years of mining.