KEEP IN mind half of The block reward goes to Developer wallets, to be used for his "server maintenance that runs the network" 45% to maintenance servers and 5% for governance
Those are the promises he gives for taking 50% of ALL Block rewards + a pre mine.
This coin is a HUGE scam, think about owning half ethereum and get 50% of each block for "team and servers" ? holy balls. thats like running 15 million gpu's in your mining farm because people are tricked to mine on a scam coin.
If a coin gets successfull and large, just 1-2% is MORE than pLENTY to support team and servers, even at startup its not that hard to pay for servers! but he wants 50% + Pre mine.
this coin is just a quick test and dump whenever it gets value, just steer the hell away, and on trade site he probably trades with Himself to create fake volumes, he sells and buys, eeveryone who buys up from him, he will add more coins from block rewards.
normal coins has 1-3% trade volume everyday, like Bitcoin has 3-4% trade volume maybe closer to 5-6% because 10% of btc has been lost already and he wants 50%
I have nO idea how there can be so many people that are mining this, you guys are just too stupid to see that 50% of all mined blocks goes to dev is a HUGE problem? put up 5000 miners, he gets equal reward as 2500 of them. but instead miners has to share half of it to all miners.
Hey, I believe you received incorrect information.
It breaks down like this:
50% of the block reward goes towards Service Nodes. Service nodes are run by the COMMUNITY similar to master nodes. The people who run service nodes receive the reward just like mining. This does not go to devs.
45% of the block reward is to miners.
Only 5% of the block reward is for governance. This does not even mean the devs get the total of this. Out of the 5% only a portion will be used to ensure the future survival of the project along with approval for community proposals.
More details are in the whitepaper which I suggest you take a moment to read:
https://loki.network/whitepaperTo operate a Service Node, an operator time-locks a significant amount
of Loki and provides a minimum level of bandwidth and storage to the network. In return
for their services, Loki Service Node operators receive a portion of the block reward from
each block.
okay, need some more details on that, and thats same as masternodes just with a time lock as if not most of htem already runs a time lock.
Okay either way.
pre mine is prob in masternode so thats devs 26% of all coins
rich people just buying loki for mastenode = majority here
common user = 5% of all coins
so just break it down to devs 70%, rich ppl 25%, common 5% of that masternode reward. so 50% of each block is shared to all masternode holders where devs are taking all the cake. Huge pre mine used for masternode, they mine their own coin since the start, also added to masternode, they own most of all coins right now and knows so easily how to run masternodes here.
so you know, masternodes is causing people to buy up the coin to run it on masternode thats why there's volumes on this coin and buyers interest, all to get ripped off by devs having most of the coin annyway.
Even if you had 5000 gpu's mining and rest of community 2000 gpu's , the devs with that masternode is gonna make "more money" than you are mining with 5000 gpu's here.
oh waow what a ponzi scheme, cant believe ppl care about this piss. such a favoritising of rich people and getting rich fast. should dump you loki and support a less greedy coin than this, people do coins here for free with a 1-10% pre mine and no fee from miners afterwards, those look like a charity in comparison LOL.
I'm not quite sure how you could be this much of an idiot. it really baffles me that people like you actually exist.
How the fuck do you imagine that the developers have 26% of the coins, it says all over their website that they had a 15% premine, you can read it here
https://loki.network/loki-premine-report/Of the premine they sold 60% of that to investors, the block rewards are split until service nodes begin 95% to miners and 5% to governance funding. Not the developers it goes to the foundation, if you read their whitepaper they are actually reducing the amount that goes to the foundation to just 3.75% soon. in what world to the developers own 26% of the coins?
Where the is your evidence that the devs are mining their own coin, please show me! and how the are the devlopers going to get 70% of the masternode rewards that makes no sense.
You should continue supporting SumoKoin and RYO Numbnuts no one wants you here.
