Guys there was no premine. I know first hand because I mined from pretty much the first second the pool was open and can tell you that any old regular joe was able to mine and still is.
Read what I posted. There was no premine just problem with difficulty adjustment that allows 900,000+ coins to be mined in the first 24 hours.Yes man, I get that, but whats important is who mined those 900,000 see?
Instead of the hands of one (Satoshi) or solely a dev team. The coins were mined by regular people like us including the dev team all at once. They did as they promised with no premine. It was an open landrun free for all mine. Bro get what I'm saying. YOU could have even mined part of them. Whats most important is what people decide to do with them. Its not absolutely doomed to fail and dump. If there is a concensus to hold and let the project flourish (there is) then the mined coins won't enter the market right away and kill the coin.
this is not problem at all, I can confirm the mining was done by public, including me. Devs delivered as they promised and if they launch atomic swaps in march as they're saying, this shit will get serious. It's funny looking how people compare this to other forks, it's not the same thing as other forks don't have anything to offer...
1,000,000 coins being mined is not a problem? you guys are dumb or filled with greed.
On the pool, there were approximately 350K coins mined in the first 24 hours and now the difficulty has increased as it should. But yes, in first 24 hours there were close to 1M coins mined overall. Since there was only one pool, and it mined 350K coins, the rest of the coins were mined alongside the public, by the official devs which was confirmed on Telegram. And they did it alongside the public because they promised no pre mine. And the approximately 650K coins are now held by the official devs. And they are not going to dump it anytime soon. It is for the development and future costs of the project.
So IMO, when any one of the exchanges lists BCA and dep/wd open, the public might dump(on telegram the people who mined the most coins are saying that they won't sell cheap, so am guessing there won't be a huge dump) but it won't drop below $10 in my opinion and will rise up once big exchanges list and also there is Atomic Swaps coming in March-April. I see a huge potential in this project if the team fulfills their goals in the road map!
