80% premine or for ICO? POW when ICO hasnt been started yet?
The 80% "premine" is being sold in our
ICO at the moment.
We are doing our ICO and PoW at the same time to give miners and investors an opportunity to jump in from the beginning.
So what if yobit or another exchange adds WOP while ICO is still open? doesn't that completely screw anyone that bought into the ICO at C-CEX, since trading and withdraws should be disabled until ICO completes?
That's a good point, if there's another exchange who expresses interest in adding WOP to their books in this first 5 days we will talk to them and explain the situation.
We thought it would be nice for miners and investors to enter at the same time in our coin, not leaving any of these groups behind.
I can speak for exchanges (as I previously worked with coin-swap.net before we sold in December) that it's very unlikely an exchange will remove a coin just because it's been requested by the developer. Trade volume is what pays the server bills, regardless of what the situation is with other exchanges or open ICOs elsewhere.
You have a good point here. What I can say is that we've studied situations with other coins where this happened and everything went smoothly.
From the top of my head I can think of MAZE.
PS: For the ones that are still confused about the block reward scheme we've made a small scrypt where you can put a block number and it will return the reward for that block. It's available here:
http://192.121.166.222/MAZE ? 80% premine for ICO? 20% POW?
went smoothly?
maybe yo need to look again in maze thread
so are you telling us that you just copy it in MAZE?this look similar
BTW yobit change there rules now in ICO
no 50% - 75% buywall now
all dev will be force to agree to set 100% buy wall after ICO to host there ICO in yobit to secure their investor
there a lot ICO SCAM happen in yobit lately ICO after ICO after ICO then vanish
thats why yobit change the ICO rules
about those DEV scammer who make a lot of coin to held ICO in yobit
im thinking where they will set there ico now
my first choice is they will hire escrow here
but i think i know the answer now..
you can see it as example
