All I know this is 100% premine and centralized coin so it's not a crypto currency at all or just an mlm coin that falls into a scamcoin,you have no control of your coins because you will not own it's private key the devs has a huge chunks ready to dump when they have an exchange to dump easy analysis for equid the new scam coin.
It is not 100% premined. There is no mining at all just like Ripple and Stellar. You do have control of your secret key and full control of your account. You can keep your balance in an eQuid.co wallet or any wallet that supports multiple stellar assets. Regardless of the wallet you choose the balance is always on the Stellar blockchain so if you go to stellar.org and put your secret key in the account viewer you can see your balance. The whole point of eQuid is to test a money system theory. Mined coins are like gold. US dollars and fiat currencies are lent into existence through debt. eQuid is earned into existence. The value is created through labor before the token is created. The developers don't hold that much coin including myself and we have no intention of dumping. Some overseas investors who made it possible to get to this point and the mlm earners who have created a user base are likely going to try to pump and dump when we list. After that it should be a matter of steady growth. I do get a little negative push back on this blog and a few other channels but for the most part I am growing an enthusiastic following all over the globe. The enthusiasts tend to email me at
contact@equid.co instead of posting in places like this. Feel free to drop me a line if you have any questions.