NOTE TO DEVS:

I have been a coach to devs and on teams to get pools, exchanges, miners, and investors for a few years now. I have seen problems with launches like this had, with the first day of 10K block rewards and now 470 per block. I have solved scenarios worse than this, but it takes effort from the dev team. I'll explain why this isn't a pre-mine, and sorta an insta-mine, but more importantly why does it matter and how to fix it. I recently solved a problem with a coin that had a 10% premine and it is doing VERY well now after my suggestions.

The problem we have here is NOT that the devs have the 1.6% of the supply from the bad 10k blocks. That is the situation we WANT. If the devs had the 1.6% supply, they would be in good strong hands, used for bounties, advertising, paying to get on Cryptopia and Bittrex, ect. The BIG problem we have is how much of that 1.6% is in regular early miners hands? Because THOSE GUYS are going to dump it to shit as soon as there is an exchange and ruin this otherwise good project.

So what is my solution (and this is from 5 years experience solving these issues, and usually for a bounty if dev is kind enough)? The dev/team should contact or post to find out who these rich list wallets belong to. If they are not on the team, then they are the early miners. Then the dev team should offer to buy all of their coins, or leave them with about 10% and buy the other 90% for safe keeping and business uses. 

I will also offer to any of these early miners to purchase some coins from them OTC for the initially proposed 1 cent/coin or 125 satoshi/coin.  Between the devs and myself removing most of the insanely cheap coins produced the first day from the 10k blocks, that would go a long way to solve this problem and any grievences about it.  If any of the early miners would like to take me up on the offer, just PM me here, or better yet on twitter @CRYPT0N1TE (the 0 is a zero and the 1 is a one). I have done countless deals like this and escrows in the past, and have many people on this forum, twitter, and other devs that can vouch for me and my history of solving these kinds of issues for them with a very positive outcome for all.

Well.  Check out our reasoning, and tell us what you think:  Mochimo is taking a long-game approach to being a replacement for all these quantum-vulnerable cryptocurrencies, like $BTC.  The thought process behind releasing $MCM 1:1 to holders of the flagship currency in the ecosystem ($BTC) is to carry all of the most active players in the space into $MCM, thereby incentivizing participation in our currency.  Now to answer your question regarding distribution:

There are something like 16.8 Million Bitcoins in circulation with a total cap of 21 Million.  With Mochimo $MCM we have 2^56/10^9 coins =  72,057,594 $MCM, what that means is that yes - existing $BTC whales and long term HODLers of $BTC will get a significant stake.  However, the remaining coins (after the ~4 Million $MCM premine) with still be mineable, and that's roughly 51.2 Million coins.

Now, as of Friday, the team has finalized our selection of mining algorithms.  We had three finalists, a) typical HASH256, which is a sha-in-sha a la Bitcoin, b) Cryptonight, c) Trigg's Algorithm.  There was a discussion, to describe it politely.  It lasted four hours, and we came to a final consensus.  Of the arguments on offer, the thing that really closed the deal for the people on the HAS256 and Cryptonight contingents (I was one of them), was that Trigg's algorithm is a brand new, level playing field that is ASIC-resistant.

We concluded, in summary, that we are already rewarding the existing crypto community sufficiently with the 1:1 BTC:MCM distribution, and that newcomers should be able to mine at home using Trigg's Algorithm, thus making it possible for our engaged early-adopters to accumulate large amounts of coins early with commodity hardware (home PCs, etc).

All of that said, the Mochimo Dev team is doing everything possible to take the long view on this coin and its development.  We welcome your input and feedback on these ideas.  Please feel free to find out slack page and jump into the discussions.  It is linked on our website.

It's an interesting project. I work in supply chain and I have seen some movements towards the adoption of blockchain to avoid counterfeit and 'prove' the provenance of the sold goods.

My real question here is: how do you plan to leave IBM in the dust? i.e. they've got a beta running with the Maersk, Walmart, BRF and Carrefour as of now, and they do this on their own blockchain (private but open ledger), which imo is way better than on the ETH blockcahin.

good luck

Swipp team , how match pos reward and  for mn at new release?

where can i buy this coin ?
and how many coin for masternodes ?

Here is how I setup Masternode on Ubuntu VPS. Hope it is helpful

# For Ubuntu 14.04 64-bit VPS. Assumes you have all the latest dependencies installed.
# fyi, I followed vivo linux guide to install dependencies

# download latest code from git
cd ~
git clone https://github.com/innovacoin/innova.git

# Install files
cd ~/innova/
./autogen.sh
./configure --without-gui
make
sudo make install

# start the daemon and let the wallet sync - this may take few minutes. periodically run 'getinfo' command and check 'blocks' parameter.
# That number should be increasing. You can find the current blockcount from block explorer link on page 1
innovad --daemon
innova-cli getinfo

# Get wallet address and masternode private key. Save both keys in a text file for future use
innova-cli getaccountaddress 0
innova-cli masternode genkey
              
# Stop the daemon and edit the .conf file
innova-cli stop
nano ~/.innovacore/innova.conf

# Add the following lines to innova.conf file
masternode=1
masternodeprivkey=<Your Masternode Private Key>

# Restat the daemon. Send exactly 1000 Innova to the wallet address that you saved in the previous step.
# Wait for 15 confirmations. This may take few mintues. Periodically check with 'listtransactions'.
# From 'listtransactions', also find the 'txid' and save it for future use
innovad --daemon
innova-cli getinfo
innova-cli listtransactions

# After 15+ confirmations
innova-cli masternode start

# To confirm if the Masternode is running. Masternode status may show PRE-ENABLED for a short period and then should say ENABLED
innova-cli masternode list | grep <Your txid>

# other commands for status
innova-cli masternode status
innova-cli getwalletinfo

Guys,

At which block the hardfork happened? I had 80k+ coins before the block 50k, when I updated to the new chain it's only showing 27k.

Any idea why?

repairwallet