almost 400 BTC. That´s way to much. And that for only 10% of the coins.
Come on close this IPO.
It has already been stated before, The mining is slow, so the majority of sales will be from the IPO investors to begin with anyway, the mining will not drown out trade volume as mining is only a small amount per day.
But also take into account this is a new crypto similar to qora and NXT in its attempts to be unique and something new. 400 btc is currently around $240,000 market cap . even if it was to start on coinmarketcap at $1 million market cap , IPO investors would see a 300% profit on amount invested.
Just because you see your potential profits dwindling doesn't mean they should stop just because you say so. It is not unfair . just because you are crying because your potential 500% in now a potential of 300% doesn't mean it is unfair.
If the price starts below IPO price, this coin is dying before it even started. That´s it. Happened a couple of times before.
And your predictions, you don´t know if it starts at 1$ Mio, who should buy this, if every single BTC went into IPO?
No buyers ---> price below ipo price --> no trading volume --> no further distribution --> mining/dumping incoming --> RIP Viacoin
I am not going to dump for 300% anyway, but mistakes in the early stages can kill a coin pretty fast.