Topic: Officially Released Today MaximCoin (MXC) (Read 297 times)

I used to mine coins myself, I don't want to short change miners. how can we fix this. Maybe  setup a miner fund once the reward count is low and send them some coins from the founders fund.

When it comes to halving, unfortunately I have no idea how to calculate it exactly, do not mention to improve such situation, so I will skip this topic.

As for the amount of premined coins, even 10% in my opinion is a large amount. I think that the most optimal and number that can be accepted with understanding by the community is 5%.

Unfortunately no that's not how it works, please do the maths to calculate the max supply from halving and you will see. And even there 37% is very high especially when they don't mention it.
No matter the amount of premined coins, what matters is the halving period in amount of blocks, and the block reward. Since the minimal value of a block is 0.00000001 (1 satoshi in term of decimals). then the minimal amount of produced coins at the last block containing coins will be 0.000000015151.
And after that, no halving will be possible since if we divide per 2 the 0.000000015151, then it goes below 1 sat (or 0.00000001) which makes the last possible block with coins stopping  at 84 mil. max coins

once again, no matter the amount of premined, this value will not change as long as there are two values in code:  1- block reward 2- halving period

So there is truly 59.52% premined at the end


Even there if im wrong which is truly possible, personally i think that 37% is too much once again mostly if they dont mention it  that's not fair to the miners who spend in mining cost without knowing where they truly going to send their hashrate into

Anyway, it's a personal choice, nobody's forced to join the project, only shared my thoughts  

how do people add a reward to the founders fund ?

MaximCoin added to https://citylightshashing.com/

Thank you for that explanation. Well, it looks at least weird.. Because scammers always hide info like this. Hire we have completely different situation.. I think I'll prepare some popcorn. 


I'm afraid that if you add 50m coins to the total supply, the numbers will only get diluted.

Total supply 84m+50m=134m so 50,000,000/134,000,000*100=37.3134% 

I have no idea how to fix it, but adding coins to the total supply doesn't looks like good idea 

Shit I screwed up on the code, ah well, needed to add 50,000,000 to the total supply of coin. let's see how this works it's self out.

Only trying to help here, no fud intented.

Check at this file in code:

https://github.com/maximcoin-project/maximcoin/blob/main/src/validation.cpp#L1163

this link will direct you at line 1163, it says if block height = 1, then reward is 50,000,000 coins (50 mil)


And if you do the maths on the normal block reward (50) and the halving time (every 840,000 blocks)
https://github.com/maximcoin-project/maximcoin/blob/main/src/chainparams.cpp#66

then the maximum supply equals to 84 mil. And 50,000,000/84,000,000 * 100 = 59.5238% 

The only funding we have to get this off the ground and really change criminal justice for the better are the premined coins and whatever money we put in to run the servers supporting the coin.

Now opening post looks much better 


But what's with the 59.52% premined coins? Is it true? If so, I think we need a few words of explanation? This is quite unusual for this type of coin.

using scrypt, litecoin clone

Yes, source code is public and we modified it ourself.

what is algo??  any pool??

As long as source code is public we can see all infos . Don't make it private though, that would be just more red flags 

quick question, how did you figure that ?

I know, It's not my best work.

Thanks for the advice. I have not been on this site for some time now.

You could have at least updated the genesis block pszTimestamp:

https://github.com/maximcoin-project/maximcoin/blob/main/src/chainparams.cpp#L54

...

59.52% premined coins  

If that's what you think the official announcement thread for your project should look like, then I'm afraid you haven't visited this forum for a long time, or it's not a business for you. To attract users, you should definitely write a lot more about your project, not just paste links. In this way it will for sure won't work.

The Crypto Currency for Legal Services

https://github.com/maximcoin-project
https://explorer.maximcoin.org
https://maximcoin.org
https://maximcoin.org/pages/downloads

About us

Maxim Coin (MXC) is a digital currency similar to Bitcoin and Litecoin. In order to use Maxim Coin, first of all a wallet is needed. You can easily get this by visiting the ‘Download’ page on our official website. These wallets have been provided for a variety of platforms. Additionally, they will include all the information that you might need to get started with Maxim Coin. Keep in mind that currently the supply of Maxim Coins is quite limited and users are only able to purchase a limited amount of these. This is why we recommend you to head on to our website and get your own Maxim Coin as soon as possible.

Our Mission

Since 2008, a large number of nations have been struggling from the effects of global recession. This means that there has been decline in economic activity for some time. Due to this many business, firms and offices have been receiving a lack of funding. Accordingly, lawyers, doctors and even teachers who have already been struggling with their jobs. As well as have been overworking are still being underpaid.

However, we feel that these industries will be able to withhold themselves if they receive enough funding. Making the employees get better wages so that they can be satisfied with their work. We believe the Maxim Coin holds a massive supply that is enough to fund many trivial aspects of these industries. For instance, as an attorney one could provide a client with a Maxim Coin and in return they would give that attorney referrals to some excellent new business. Considering this, both attorney as well as the client will be able to benefit from this.

Our Story

We are are a community of technology and legal services professionals, and for over the last 20 years we have been working in tech and legal services. Additionally, our community has extensive experience and have also contributed to many big projects which have ranged from education, financials, automotive and energy industry.