I'm doing some basic research on VIA (took a brief look at the WP and some other resources).
I have a few questions:
A) It looks like there was an ICO in 2014, can someone give me details on how exactly this took place and how many investors got how many coins approx.
B) There has been a change of devs, what exactly happened and why?
c) I read most coins are already mined - any details on how the coin-distribution took place exactly and how VIA intends to icentivise miners to mine (fees only?)
- Any other interesting info much appreciated, thanks.
Feel free to direct me to any source that seems legit instead of explaining by yourself.
Thanks in advance!
A) My administration from this time was a bit shoddy, but as far as I can recall I got 5568 VIA for a 0.3 BTC investment, giving it a price of 5388 satoshi in the ICO. I found this overview page: https://questions.coincheckup.com/viacoin/all-available-information-on-the-viacoin-via-ico/
It says the initial price was $0.037, this sort of corresponds with the price of 5388 sat and a BTC price of around $600. Just not sure about the bonus structures anymore and the exact date of purchase. I think you could maybe find more information with some more in depth Googling
B) At the time BTC Drak became a BTC Core developer. I think the workload was too high to continue working on VIA so he handed over the reigns to the extremely competent prodigy Romano
C) Distribution was partly done by the ICO and the remainder by PoW Scrypt mining. I'm not sure in what sense miners would need to be incentivized after all VIA have been mined, since it is merge mined with BTC, but maybe Romano could chime in here?
Thank you very much for your response!
According to this page, only 10.86% of coins were distributed during ICO: https://chasing-coins.com/ico/VIA
Is this correct and if yes, all the other coins were mined later?`