2 questions about the current transparency of icoin:
1) Are there any charts available that show the distribution of icoin among wallets?
2) Is there an audit of the number of icoins spent so far on promotions from the pre-mine?
I am under the impression over 50% of the coins in circulation are still in the hands of the developers.
I won't answer any questions fully as i do not have completely accurate information. The coin sat at ~50mh/s for quite some time, so i would assume there are a few who hold decent amounts. About 44,000 new coins are created each day.
As for bounties i am not sure what has been paid, but i know they have had some giveaways, and all say they are paid their bounties. They did have one mining promotion which rewarded something like 150,000 ICN over 2000 blocks.
Perhaps some of the dev team has some better info for you
Hey buttonmc, those are some great questions, and the reasoning for asking them is very valid considering the amount of pump n' dump scam coins which pop up each day it seems
We have currently given over 1,000,000 iCoin out for promotions and bounties. This also takes into consideration what myself, our project manager, and our designer were given to help launch the coin.
Upcoming large giveaways will include charity events as well as an upcoming Crypto Currency Convention! I will be speaking at the event, and also giving out 75,000 iCoin to those in attendance
In terms of future plans, this is negotiable dependent on our current needs and time-frame for particular marketing activities, but after an in-depth meeting on this subject, we would like to distribute 1mm - 1.5mm over the entirety of this year, and then anywhere from .5mm - 1mm per year after that, until the conclusion of the premine is spent. This puts us at a time-frame between 3.5 - 7 years in total for the full distribution of the premine, in which developer holdings will decrease and total coins in production will increase, thus skewing the ratio of premine withheld from public trade.
We have a robust accounting aggregation tool that has tracked our payouts thus far, and all the members of the iCoin team have access to this, which makes for a nice little system of checks and balances. Furthermore, all this information is routed to an itemized pie chart broken down by Marketing | Promotion | Development | Premine Remaining, etc...
In fact this is something we still need to go live with on the site! Thanks for your reminder. I'll aim to make this a priority today / tomorrow.
Hope that answers your question. Let me know if you need anything else. Here to help! - Ryan
That's why I ask about Ð? 