Everyone RELAX, this kind of miss-understanding has happened before.
I have been involved with many coin teams and will offer my advice to
the XURO dev here free of charge. If you want any more advice on how
to handle this situation, pm me for my fees and help. Free advice:
Situation:
Newbie account, miss-understanding of pre-mine, FUD all over btc forum and IRC.
Solution:
Contact Bittrex exchange. Explain the situation and offer to send them
any pre-mined coins other than .8% of the PoW coins as people expected.
Then you have two options. If you want your coin to have a greater chance
of being listed on Bittrex and have a higher price, tell Bittrex to publicly destroy
the extra pre-mine. That is your best option to have your coin succeed. The
second option is to have Bittrex hold your pre-mine for a period of 3 months,
so that you can deliver on your promises of continuing to develop and support
the coin without dumping a larger than stated pre-mine, then you can receive
your coins back and hopefully you delivered on your promises and profit.
No one here believes that you do not deserve to profit from your hard work, but
.8% pre-mine is more than enough, and 7% will just flat out kill your coin. You
would be lucky to get on the crappiest of exchanges, the price would be next to
zero, no one would be mining, and your investment would become worthless.
So Dev, you can take the correct actions to save your coin right away, or it will be
too late. If you are truly a new dev and do not have connections, or are not capable
of doing these suggestions without help, pm me for my services.
I hope you do the right thing, but I also took my rigs off XURO till I see the right
things happening. Sincerely.
Hi jimlite,
We have talked and this is sounding like the best idea to get rid of the excess pre-mine. We did not realise there had been such a large miss-understanding at the beginning as no one had said anything about this.
If this is the cause of action that will help Xuro strive and survive then we are all for it, unfortunatley as we are new like you said so we do not have any connections etc. We would love to take your offer of help if you want to pm us or jump on IRC? ##Xuro
We are still here, and not going anywhere and are open to all suggestions/resolutions.