Everyone knows 1% premined stated clearly when the coin released, both in ANN thread and Github readme. Nothing to hide from this, anyone can check source code for that.
Yes people can find out about it by reading the source code or checking every page of the forum but that isn't being transparent about something important and potentially very negative for the community.
500k iCoin was given away for Bounties, Graphic design, PR, Dice, Faucet and still going on. Without the premined, we think we were not able to build these great services and have amazing people like Viberpass and Cointopic.
Then perhaps the premine should have been 0.1%. How do you justify the need for the other 4,500,000 coins? HOW and WHEN do you plan on spending the remaining 0.9%?
The premined coins are being used for lot of things now and future.
Like what specifically? and when? No offence but the community see the existence of the premine and your apparent reluctance to spend it a real risk.
We are not in hurry to push the coin, we are slowly building services around the coin day by day.
You should be in a hurry! Coins rise and in the blink of an eye. This again just looks like you want to hold on to the premine before it hits the exchanges so you can dump it.
And all services are paid in iCoin only, everyone takes part in will have shares in this 1% premined.
I get that a developer would want to save a little chunk of coins for himself but how much of that 4,500,000 are we talking? Do you intend to keep for yourself whatever you didn't spend on promotions? Do you have a fixed amount in mind or do you just want to hold onto as much as possible? Without being forthcoming with any of this stuff when we asked for transparency is not doing you any good!
As planned, we are still working to add iCoin to Chinese Exchange.
So.... you want to hit the exchanges while you're still sitting on a mountain of coins. Ok, that's not cool in the eyes of the miners.
It's Chinese new year here and i am still in hostpital, will back to you later.
Happy new year and cheers!
I'm sorry to hear that you broke your leg. Once you get out of hospital you really need to start building trust or this coin will die within the week. You want my advice? probably not but I'm going to tell you anyway. Keep your 50,000-100,000 coins that you plan on keeping for yourself and give the rest to the other devs to be spent ASAP on promotions.
In short, you can have a successful coin or you can keep a large premine to yourself but you can't have your cake and eat it too.
iCoin
BcFp3aHNtepyZtrZhwqkfivmrHffUkyrhL