Some questions:
3.6m BBR have been swapped to Zano so far. If only 6m BBR in total are swapped, then you will burn the remaining unclaimed 7.8m Zano from the swap pool.
After the burn, the usable supply would be around 9.8m
making the premine of 3.69m around 37% of the usable supply. Plus you will be staking the premine as previously stated.
- Will you burn a proportionate amount of the premine to bring it down to 20% of the usable supply?
- Who controls the premined Zano?
- Are they in a multisig address?
- Will any of the premine be locked for any period of time or is it all immediately spendable?
- Who decides how they are spent/distributed?
- Will you be selling any of the premine (privately or publicly) to get funds in fiat or Bitcoin?
Thanks.
Hi
OrsonJ!
Thank you for your questions, I believe a most of Zano holders/supporters interested to get answers to these questions and it's important to make this clear and transparent.
We preparing a post about premine structure on medium and will publish it in next days, but I'm happy to write answers here on bitcointalk.
Will you burn a proportionate amount of the premine to bring it down to 20% of the usable supply?
No. We won't burn premined coins from dev fund, finance structure will be explained in post that I mentioned, but basically, we need to get the number of coins mined from dev fund to cover development, marketing, and PR expenses.
Who controls the premined Zano?
Zano premine is controlled by Zano Foundation, which consists of founders and advisers(team and advisers will be also published on the website in next days).
Are they in a multisig address?
The nature of multisig is not allowing to do autonomous PoS mining.
Will any of the premine be locked for any period of time or is it all immediately spendable?
All coins that supposed to be involved in PoS mining can't be locked, because the actual process of creating PoS block is basically sending a coin to yourself in coinbase transaction.
Who decides how they are spent/distributed?
As it was answered in another question, Zano premine is controlled by Zano Foundation, but most of the development funds are planned to keep as an asset for generating coins. This provides us a long term source of financial support for the project.
Will you be selling any of the premine (privately or publicly) to get funds in fiat or Bitcoin?
It's possible, we probably would consider this type of deals for some potential partners, but these deals(if it happens) will be public and transparent.
