why isnt JPC on poloniex ? There are decent volume on all exchange add together. There are also buy support. I guess no one ask poloniex to add JPC ?
I asked a couple heavy hitters on Polo if they had an interest in JPC. They balk at the 30 billion estimated coins and didn't look any further. I think if there was a more detailed explanation of how the coins are to be generated via POW and POS, we could see more interest from traders.
Dear JackPotCoin,
We need to change the estimate total coin number on the first page.
The total meaningful coin number should be 7 billion.
5B for PoW
2B for Jackpot + 2 Years PoS interests
Depending on how many years you consider, the total coin number changes, and it is mostly due to the PoS interests.
However for the coin holders' point of view, there is no inflation effect from this POS generated coins, because the owner will get more coins as same rate as the total coin increased. Once the PoW mining finishes within 2 years or so (after 2 years, there will be only 1 coin per PoW block), the coin owners don't need to worry about the total coin number. That is why I assume 7 billion is the "meaningful" total coin number.
Also even for PoS generated coins, to make another 23 billions, it takes more than 25 years.
So we should say the JackPotCoin's total coin number is 7 billion (in a practical sense).
It is a very important factor for new investors. It is a huge difference to see 7 billion vs 30 billion.
I guess the reason why the marketing team used 30 billion was for 1% premine justification. 1% was based on 30 billion. I guess everybody hates "premine", so to minimize the negativeness, it was better to say 1% than 4.28%.
However, we know the dev used quite big portion of the pre mined coins for different marketing, setting up block explorer, and helping initial exchange markets, etc... I don't think it was waste, they deserve it. And technically it is still true, 1% premine.
Now, we need a lot more traders and investors. Advertising the theoretical 30 years' 30 billion concept is WRONG and MISLEADING !!
I am not saying we need to hide the fact, but shows the correct meaningful number for investors' interests.