Lets some math 0% FUD:
1% premine from 10m = 100 000 LOTUS
1st day f minig 250x1440 = 335000 LOTUS
Blocks Block 1441 to 2880: 25 coins = 35975 LOTUS
IPO = 0.62817787 = 125 000 LOTUS (in IPO BTC 20000 lotuscoin = 0.1 BTC )
Assent exchange and full IPO supply = 163 000 LOTUS
1st block shows 263k LOTUS
http://lotus.explorer.ssdpool.com:9005/tx/45e9cf28deef1248084f5cbf44475136af8b75a67298957d43a11eca6a4edf66
At end dev from premine have :
100 000 / ( 335000 + 35975 + IPO 163 000 ) * 100% = TRUE EFFECTIVE 18% PREMINE will fall slowly over time…
Block 2881 to max supply 10 million: 10 coins
Block Time: 1 Minutes
So you add 14400 few months to mine all supply there is no mention about max 10 coin block high.
I don't know where is whole fairness in that system.
block 1 at 263k is premine and IPO, so you think the dev had all the hash power on dedicated do you ? and he got all those coins eh? lol I was on it from about 350 blocks in blocks 2 - 100 where 1 coin, 101 - 1440 were 250 coins... if you missed them too bad
At end dev from premine have :
100 000 - pay bounty / ( 335000 + 35975 + IPO 163 000 ) * 100% = TRUE EFFECTIVE 18% PREMINE will fall slowly over time…