Questions and Answers
1) Can you just clarify what you mean by "premine"?
Premine is the amount of coins obtained my mining first block. For Likecoin, premine is 37 % of 1 Billion otherwise 370 Millions
2) Are you classing premine as the facebook/social media bounty only?
No, Premine includes all the coins for bounty,promotion activities and for development activities.
3) Are you classing premine as actual coins mined by users using various mining methods?
No, that is different. Total coins circulating now including premine is 484 Millions.
4) Can you actually give us a breakdown of exactly how much has been distributed using bounty method and how much has actually been mined?
From the premine of 370 Million around 80 Million (21.6%) is distributed to members,for various development activities and for promotion in different countries
Thanks for the details info dev... from what you say it means about 404 million coins have already been mined by miners ... which if continues at current rate all 1 billion coins will have been in circulation before the 50% premine target (370 million) is reached .
370 million coins set aside for "premine" - to be distributed among developers/bounties etc...
80 million of premine (370 million) already distributed (21.6% approx)
630 million coins left for miners to mine.
404 million of 630 million already mined (64% approx)
