if they go for a swap they need the same amount of coins in new chain as in old chain
if the dont for a single premine block they just set the POW mining phase to a timeframe that create the needed coins
mining them alone private
not as a premine for themself but to generate the coins needed to allow people swap their ERCold against ERCnew
i dont know enought about the details but that is how it looks to me they try to handle this
more insight by dev provided information welcome
avoid a premine block is good plan u know coinmarketcap flag premine coins
a 1:1 coin swap is in my opinion no premine in the sence that dev team keep a share of mining for them
if 100% is dedicated to swap it sounds clean to me
we from DMD Diamond had multiple changes in our history and we did always keep the old blockchain
i can tell ya this is for sure not the easy path and u keep limitations because of combatibility with old parts of blockchain in wallet
under some conditions a coin swap and a clear fresh chain can have big advantages
I wouldn't premine our coin, but forget about premine or IPO-Star , we have both of them (inherited from the scamdev, that founded ERC). I spent the whole last week, writing letters to most of the coin-chart, analytics and consulting sites, to provide updated informations, Graphics, links and press materials. I found it somhow amusing how many sites offer crypto investing advise to customers while not discovering that something about their listed coins changed .... NEARLY A YEAR AGO real experts :-), good to know that we can count on some passioned fellows, that provide better services.
Back to Europecoin Fork. I have a small meeting in about an hour with meta and staisy to let him educate us about the technical part of our process and then you are the first ones to get a report, before i'll storm the ERC-node-admin, the exchanges and organize a working blockexplorer (which is important, to have , BEFORE taking action, for transparency reasons) though i don't know, if it is a classic swap, the only option, how to deal coins, if some would turn out, to be left over, is of course to BURN them as public as possible.
see you later tonight
Matthias
Europecoin trade is here:
and here:
BITTREX
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