is very big total coin 9.9 billion coin
and ico selling only 1.1 billion
another coin still control in dev, can easy to dump coin
what is about confirmation reward
The ico selling only 1.1 billion?
I think so it is easy fo the dev to control it
50%-80% from total supply is good to sell in the ico.
There seems to be a misunderstanding. At the time of the genesis block creation, there will be only about 1 billion coins available, and the other 9 billion coins will be issued continuously for next 141 years(estimated).
As you may see in whitepaper(7. Coin issuance section), we have allocated the total number of coin issuance. The main reason behind only about 10% of the total coins for ICO is that we design to provide more benefits to the users from the following categories: ‘Commons budget’, ‘Freezing Rewards’, and “Confirmation Rewards.’
The key feature of our coin is that the Congress will carry out the decision, as a principle of 1 node per 1 vote rule. Hence, the initial coins and nodes contained by the BlockchainOS are designed to decrease over times.
We have no control over the coins, but the Congress will have the power accordance to our coin design.
If you still have questions, please let us know!
