Jessica, you posted this on the Mintcoin.Cc site.
What has the pre-mine be used for?
The majority of the pre-mine has been used for long term projects by the Mintcoin Fund (see below), such as the Thunderclap Redwood reforestation project. A certain amount has also been used for bounties to develop Mintcoin and giveaways during the initial start-up period.
Long Term Projects
Thunderclap project 10,000,000
Initial Funding and set up for Mintcoin Fund 5,000,000
Green Sahara project 50,000,000
Non-environmental projects 35,000,000
Is this all true and accurate or were these coins always in the hands of the developer and never forwarded?
??
Can you shed some light on this? Thanks.
If they started with 700 million, and have been minting the whole time. I wonder where the other billion coins are. These funds are nice, but even I donated a 1/2 million to Thunderclap. I would have thought more of the premine would have gone to that.
The premine and lack of development is what killed the coin. I had high hopes but even this "big announcement" that I saw on facebook, was just the banners and images from the current dev leaving..lol
good luck everyone, I still have a small 10k sitting in a wallet if this coin ever makes something of itself.. A very low % of the millions I once help and minted every day.
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