Hi CoinmarketCap Support.
EFL - Electronic Gulden is including premine in marketcap value. It should be like AUR which only has mined coins included. The premine for EFL is 10 500 000 (50% of total coins) or have the rules changed and coins can say if they have spent Premine?
This would be bad as devs could dump out to themselves and claim premine is on the market.
EFL - Electronic Gulden is including premine in marketcap value. It should be like AUR which only has mined coins included. The premine for EFL is 10 500 000 (50% of total coins) or have the rules changed and coins can say if they have spent Premine?
This would be bad as devs could dump out to themselves and claim premine is on the market.
EFL is a scam coin, so this isn't surprising they gave coinmarketcap false info.
Have you been lying under a rock?
The original devs of EFL tried to scam everybody. But they were caught.
From that moment some guys from the EFL community took over.
They have started the Electronic Gulden Foundation. The efl foundation holds 5 million premine coins.
So EFL has made a fresh start. Have a look a the new website >> http://www.e-gulden.org
This doesn't mean your premine drops by 5 million because the devs stole it and dumped them onto the market. We can't trust coinmarketcaps figures if they allow this and same goes for any other coin that have tried to falsify the premine amount. Also this will create a administrative nightmare for coinmarketcap to update every coins premine amount every time it gets used.
Thank you bluestreet for bringing this up, I also thought all coins with * next to them as premine excluded. Not that it matters everyone must just do proper research before putting money towards any coin. My husband and I got burnt on one premine coin already and as a rule of thumb we just don't invest in them. Blackcoin is a very good coin that is fair.
