Topic: [ANN][NO-PREMINE][QuarryMN][EtherGEM] An ethereum network with a different view - page 30. (Read 38757 times)

GL to you sir.

EGEM devs, your code contains a fatal bug that permits concerned parties to attack the whole network. Please consider immediately stop the launch. Once the launch stops, please get in touch with me to get the bug details. Ironically, PIRL, and only PIRL, is affected by the same issue. Every single other clones I checked, EXP, UBQ, MUSIC, ELLA, ETSC, PGC, etc, at least get this correctly.

No offense, however I truly think EGEM devs are guilty here. The code looks like to be developed by a bunch of script kiddies but not professional developers, and I wouldn't be surprised if comparable bugs were discovered later. I urge investors to do your own research. If you can, investigate the code. This could help you to identify scams like this.

Checked right now, http://egem.minerpool.net/ works just fine

That difficulty rise spike after the mainnet launch is really insane!

egem mining pool is down for me

Who is on the team? I don't see anything on website.

The team behind this coin is very talented and trusted members.

Mainnet is online now and mining is start.

Really good project guys. I hope it success. Good luck.

My connection keeps getting refused.  Is anyone mining yet?

LET'S GO !!!!!

MINING TIME !! GOGOGOGOGOOGO

Use the web wallet for now; windows wallet will come later
https://myegemwallet.com/

Where is windows wallet? Has the coin been launched because I saw explorer works?

Accounting for inflation along the way you are looking at some pretty different numbers, but it looks like you did not. Also the exchange is only a idea currently, and would have outside 3rd party's involved for the issues you stated above thats if we go thru with the idea. The eras you speak of span years and we will be donating most of our coins back to the community and projects that join us. Thank you for the concerns and thoughts.

While I support this project, I do have some concerns...

Firstly, the coin is launching with its own exchange. Is this run by the devs of the coin? If so, are we trading FIAT>Crypto or Crypto-Crypto, and are we trusting our bitcoins to the dev team to hold for us?

Secondly, look at the breakdown of the dev fees across the ERAs.

BLOCK ERAS                            
----------------------------------------------------------------------------  
5000 - 2,500,000 (ERA0)                                                     8 EGEM Block reward + 1 (ERA0) DEV CUT: 11.11%
2,500,001 - 5,000,000 (ERA1)                                              4 EGEM Block reward + 0.75 (ERA1) DEV CUT: 15.8%
5,000,001 - 7,500,000 (ERA2)                                               2 EGEM Block reward + 0.5 (ERA2) DEV CUT: 20%
7,500,001 - 10,000,000 (ERA3)                                               1 EGEM Block reward + 0.25 (ERA3) DEV CUT: 20%
10,000,001 - 12,500,000 (ERA4)                                               0.5 EGEM Block reward + 0.1 (ERA4) DEV CUT: 16.67%
12,500,001 - 15,000,000 (ERA5)                                                0.25 EGEM Block reward + 0.05 (ERA5) DEV CUT: 16.67%
15,000,001+ (ERA6)                                                                   0.125 EGEM Block reward + 0.025 (ERA6) DEV CUT: 16.67% (16.67% forever/until coin cap is created)
----------------------------------------------------------------------------  

So for the first 5000 - 2,500,000 (ERA0) blocks, they get 2,495,000 EGEM for themselves

At the end of ERA3 they'll have 6,250,000 EGEM and everyone else will have 37,500,000 (16.66666666666667% of all EGEM coins)

Does any of this raise any red flags or suspicion for anyone else? Could the devs please weigh in on this and explain why the dev fee is so high, and why it is needed at all?

https://myegemwallet.com/  is now available for use.  Currently the downloadable wallet is still being programmed/tested

Also take note of the launch TIME on https://egem.io/  

Webwallet just out : https://myegemwallet.com/

Reserved - French translation

Not much info on this project... is your white paper coming? Would like to read it, to understand what is your goal? i think i saw something similar to this a few days ago