can you post the link of the original thread, if theres any? you said that it's community take-over. why is that so? i know im missing something here..
though you are not running ico here but common, the supply is infinite. so high likelihood that it will fall to 1-5 sat range once it hit the exchanges
Hey AmoreJaz,
Thank you for your questions and valid concerns.
Starting from the top, I will have to look for the old ANN Thread. It may have been deleted by now, but I will double check. It was a completely different project, different coin, different "platform", etc. The reason why it is a community takeover (starting over fresh with a brand new project, ecosystem, vision, team, platforms, dApp, etc.) is because the "ex-developer" stole all of the funds and deleted all of the accounts (twitter, website, discord, etc.). I am not sure what is left remaining at this point. I have written medium articles I can share with you if you would like to see them that gave exact updates at the time. You can visit my Medium account under the same username.
Most people have this common misconception that PoS coins have a "maximum/total coin supply"... which is fairly inaccurate. In order to operate with PoS/Masternodes, how is their supply limited or does it cut off? It will go on forever unless they change the consensus algorithm or fork the blockchain... or burn their own coins to maintain that rate (which is unreasonable).
Our Team does not discuss prices for moral reasons and legal reasons. Therefore, I won't respond to your last comment. The only thing I can say is, join the community or keep an eye on the project and you will see what all we are planning to do and how our team and community operates. You are fully entitled to your opinion, as it is probably based off of experiences with other projects you felt were similar, but I do suggest you to look more into ZENZO in the upcoming weeks and months and you will see why that comment does not bother me
You can look at our
Community Block Explorer (Beta) for now and get a better understanding.
We have labeled two of the wallets (Administrative and "Locked"). The Administrative wallet is not locked per se, but it might as well be for the time period. Then there are about 3,340,000 ZNZ that is locked for co-founders until 2020 and 2022. So, really there are only about less than 8 million coins in circulation. The supply was planned for 10-15 years and where most projects would put "Max Supply", you could said 83,000,000 ZNZ for ZENZO. Though, I mentioned this is a common misconception. The wallets 3 & 4 are the Coin Swap wallet combined (not sure why they are split, but we are still developing the official ZENZO Block Explorer).
If you have any further questions or comments, feel free to comment below or message me (preferably join our discord as we are active on there 24/7 almost).
Cheers~