In don't understand why are you guys complaining about the premine it's just 6% right? I saw coins with waaay higher premine
Btw what's the tota coin supply i don't think it's mentioned on the ANN
Hello,
Over a period of 30 years will be 7,884,000 blocks. Reward 120 coin, no halving, for a total of 1 billion mined coins. Now let's assume over the life of the coin, everyone took that 1,000,000,000 and termed it for a year, would be 4 billion coins. 6% at that rate would be 240 Million coins, which would be absurdly obscene, but now, that initial 6% premine is actually only 1.5% of the available coin supply at that future date, which will happen much sooner as the coin base exponentially grows through both POS and POW, further dwarfing the premine. Now that is an overly simplistic way of looking at it. That is the great part about being a POW and a Proof of Stake coin with the additional interest earning option by term depositing. As term deposits mature, move to a new wallet and another 400% over a year and so... from days, weeks, months up to a year.
We are in it for the long haul. Admittedly, our focus has been entirely on the technical aspects and ensuring we get everything right the first time. It is an expensive and laborious endeavor to launch a coin, but is a labor of love. Marketing aspects of how we would release coins to attract attention was briefly discussed from air drops to faucets. Though we were still heavy in development and that conversation fell to the back burner. We had not anticipated such a huge response on day one. We just assumed we would have time discuss all the other non technical aspects and this type and level of marketing.
Now that the conversation is back on the front burner... We would like to hear from the community, about what what would be the most favorable and balanced way to approach marketing through the use of "giveaway" "lottery" faucets" etc...
I do have one humble request... Please be civil and constructive in your replies. We are God fearing men and the Lord Jesus is my Savior. I live life by his word, so I want to be clear that our intentions for this coin are genuine and we are committed to the success of the coin and to the success of the community that supports it.
Thank you and we look forward to hearing your suggestions.
Have a great evening.