I am pleased to announce,
Cryptopia has upgraded EverGreenCoin EGC to a 4 out of 5 rating! Because of the 2% foundation fund being considered a "premine" (even though it is not), 4 out of 5 is the highest score possible. Understandably, Cryptopia wants investors to know "... that 2% of the coins are designated."
I do personally, and will in writing, object to them preventing us the 5th star because of it. Preventing a project of the 5th star because it plans for the future and knows funding will be needed is not fair. The 2% is properly disclosed elsewhere for investors to find.
Really, its a 4 out of 4.
...but I will fight for the 5th anyway.
Cryptopia has upgraded EverGreenCoin EGC to a 4 out of 5 rating! Because of the 2% foundation fund being considered a "premine" (even though it is not), 4 out of 5 is the highest score possible. Understandably, Cryptopia wants investors to know "... that 2% of the coins are designated."
I do personally, and will in writing, object to them preventing us the 5th star because of it. Preventing a project of the 5th star because it plans for the future and knows funding will be needed is not fair. The 2% is properly disclosed elsewhere for investors to find.
Really, its a 4 out of 4.
...but I will fight for the 5th anyway.There is a big important difference with premine and devfunds.
99% of all shitcoins has a instamined premine, which again is used for dump way before pow ends.
If i dont remember wrong, EGC's development fund were made by founders reward?
Meaning no instamine, but a slow gradual buildup during pow phase, this way ensuring the dev stays for the long run for the long pay.
Right?
To me, big big diff.
This is absolutely correct.
