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1  Alternate cryptocurrencies / Announcements (Altcoins) / [SCAM PREVENTION] Premine Escrow - The Solution To Premine Dumping on: July 30, 2014, 05:22:43 PM
Premines, while greatly frowned upon, are often a very strategic and necessary part of any new coin launch.  
When used correctly, premines can greatly help aide in the development and innovation of new coins.  That
said, with one scam after another cropping up in our industry, investors are scared to death to touch new
coins that contain a premine component.

The Solution?

Premine escrow!

I believe the community should demand premine escrow much in the way they demand escrow for IPO's.

If a trusted member is the only person with access to the premine, then a strict ledger can be kept and
the premine can be delivered to the necessary parties as needed.  This strategy would eliminate the fear
for investors of premine dumping by anonymous devs and greatly clean up our community.

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