Header states no premine, but description shows 0.005% premine? I understand that's low, but that's still a premine.
Also, once block 50,001 hits, how are mn and pow rewards going to split?
Yea why doesnt he mine like the rest of the people to cover 2500 coins thats just dumb.
Please note that we are not going to take fees on the first 50,000 blocks because we already took our share of 5% through premined.
So the first 2500 coins are basically our share of the the first 50,000 coins (5%). The other 47500 coins are going 100% to miners.
We did this move because masternode reward will not start until a month after launch so for technical reasons we will be setting up 2 nodes on the network from day 1 to make the network synscronize better untill people start getting in and setting up their nodes.
I hope this clarify why 2500 were premined. After all when block 50,001 arrives and rewards starts there will be only 50,000 coins in total supply at that minute. We hae our 2500 coins (5% of the supply) and 47500 (95%) are in the hands of who ever mined the coin.
Also please note that block reward will be split starting from block 50,001 - END
Miners share will be 40 %
Masternodes share will be getting 55 %
Dev-fee share will be 5 %
