Author

Topic: How much is acceptable "pre-mining" for an altcoin, if any (Read 430 times)

legendary
Activity: 861
Merit: 1000
if that is an ico , 100% pre-mining is no problem

but if the coin is a total new algo   that's can not tolerate any premine

i even remenber  some years ago there is a lot of QT coin  with X11  X12 X13 algo

the first thing when dev  post ann is checking if had pre-mine


newbie
Activity: 41
Merit: 0
Depending :

-for ICO tokens, that is mandatorily 100% and that is normal for me.
-for regular crypto-currencies, 0%, even 0,01% is too big

Yes 100% is OK as long as the distribution is fair.
newbie
Activity: 5
Merit: 0
Depending :

-for ICO tokens, that is mandatorily 100% and that is normal for me.
-for regular crypto-currencies, 0%, even 0,01% is too big
sr. member
Activity: 826
Merit: 250
If it is premined, it is scam, as simple as that. The more premine - the scammier the project.
True.
legendary
Activity: 2002
Merit: 1051
ICO? Not even once.
If it is premined, it is scam, as simple as that. The more premine - the scammier the project.

Exactly this.
legendary
Activity: 980
Merit: 1004
up to 100%, more than that and I start getting suspicious!
full member
Activity: 872
Merit: 120
If it is premined, it is scam, as simple as that. The more premine - the scammier the project.
sr. member
Activity: 451
Merit: 269


Seems like many of these new alt coins are heavily pre-mined, what % (if any) do you think is "fair" for a new altcoin?



Of course we have ICO's happening as well...but that is a question for another thread.


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