coins with premine | Bitcointalksearch.org

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Lucacrebbe on September 29, 2017, 03:49:27 PM

Generally I see here people say ''how can you trust that coin with that ''premine''?

So I was wondering wgat does it mean this tought, this sentence... why pre-mine is so iportant when it cames to choose one coin or another?

Maybe because with the premine there is more coin's supply , so less valuable becames the coin?

Premine is important because those coins were get for free. People are always scared they will dump their coins for any price since they got them for free. There is no need for that and many cryptocurencies proved that.

Quote from: cryptosifu on September 29, 2017, 05:33:19 PM

Almost all of the new ICO projects are 100% premine.

Most ICOS are not coins but are just tokens. they are a "share" of project. Ofcourse not really a share, since is no legal binding that project belong to those tokens Tongue

This is what China wants to fix.
What is sold in ICO you cant calla premine. But what is held by ICO organizers you can.

CuriousGeorge

sr. member

Activity: 1498

Merit: 251

KUWA.ai

Quote from: CryptoMDS on September 29, 2017, 04:00:09 PM

Quote from: nuskill on September 29, 2017, 03:55:55 PM

it usually means that the founders own all the premined coins and just wait for a right moment to get rich with it

Not necessarly. They might not premine all the suply and ICOS you see are premined to, they sell part of the suply and hold a part for them for development and marketing porposes.

But that was different, From the icos the developers already got the decent amount to run its business and develop the product and that was different with the pre mined token. If you are seeing the token gets pumped by the traders and if that was touching the high price and the dev will be dumped their token for the money to get rich. That even worst than ico.

rommelzkie

full member

Activity: 294

Merit: 125

Premined coins is no good. it is like fiat currency. they manipulate the supply and demand. i dont think it is good to invest on premined ICO unless it has a great project connections with outstanding developers just like ripple.

cryptosifu

sr. member

Activity: 378

Merit: 251

Almost all of the new ICO projects are 100% premine.

peschi

sr. member

Activity: 355

Merit: 250

Premined coins will sooner or later have a price manipulations of the devs/founders of the project if they start dumping their coins. There are also some projects which keep their premined coins for airdrops or bounties - thats no problem then.

Check coinmarketcap and cryptocompare to see which coins are premined.

xiaoyum

full member

Activity: 266

Merit: 100

Blockchain with solar energy

As I know this means coins were first freely given to people and second they change the rule to give worth to coin. This basically means bottling water from waterfall later to sell it. Noone really trusts this kind of premined projects naturally.

CryptoMDS

newbie

Activity: 30

Merit: 0

Quote from: nuskill on September 29, 2017, 03:55:55 PM

it usually means that the founders own all the premined coins and just wait for a right moment to get rich with it

Not necessarly. They might not premine all the suply and ICOS you see are premined to, they sell part of the suply and hold a part for them for development and marketing porposes.

nuskill

full member

Activity: 238

Merit: 102

it usually means that the founders own all the premined coins and just wait for a right moment to get rich with it

Lucacrebbe

full member

Activity: 224

Merit: 100

Generally I see here people say ''how can you trust that coin with that ''premine''?

So I was wondering wgat does it mean this tought, this sentence... why pre-mine is so iportant when it cames to choose one coin or another?

Maybe because with the premine there is more coin's supply , so less valuable becames the coin?

Topic: coins with premine (Read 490 times)