11500000/142987000*100 = % 8.04
OP, you can say LOL now.
i dont get it, isnt the coin supply actually 1200000000? That would give solid 0.95833333333% premine.
Total coin supply is at the end of ~ 84 years. For the first 3 months that 11.5 Million COIN accounts for 8% of the total coins that will be released within that time frame.
Interesting way to calculate premine
block < 131487: 1000 COIN
131,487,000 < - 1200000000/131487000 = 9.12637751% Total Coin Mined in first 3 months.
block < 262974: 900 COIN // six months
262974-131487 = 131487 Blocks again. <--- = 131487*900 = 118,338,300+131,487,000 = 249,825,300 = < 18% of the total coins are mined within 6 months.
block < 394461: 800 COIN
block < 525948: 700 COIN // one year
block < 657435: 600 COIN
block < 788922: 500 COIN
block < 920409: 400 COIN
block < 1051896: 300 COIN // two years
actually forget the maths, forget me even trying to show you maths.
Shit like dogecoin has 50% of the total supply mined after the first month. Quit bitching and bumping this thread, the diff is going up <3
Just re-read your quote, actually that's exactly what KaozTiposta is saying. The mining supply/release of COIN is so slow that for the first 3 months, the premine basically accounts for 8% of the coins.
You're saying DOGE's total supply is 50% mined after the first time, which also means the premined coins at that point then will have much lesser weightage.. Essentially you just agreed with KaozTiposta .
^ This exactly. So right off the bat, dev has massive stockpile to market manipulate and P&D with.