When eMunie launches how many coins will be in existence? How many of these coins will you own yourself? And what is the estimated amount of coins in existence one year after launch? (just very roughly, or provide bounds).
Good question and I'll finally be able to clear up all this "insta-mine" talk
Due to eMunie's unique supply & demand model, an initial system balance (or float) is required to ensure fairness of the system initially from speculators and individuals whose only goal is generate large profits.
Additional to the above, eMunie will feature the worlds first true Peer 2 Peer distributed exchange & marketplace. This exchange & marketplace also requires an initial system balance be present to ensure that the stability of an eMu's value can be ensured, even when large buy or sell activity is present at any particular time, whilst still allowing individual unit value to appreciate steadily and predictably over time.
The supply model and exchange are closely integrated as both systems use information from the other to determine what action they should be doing at any one time.
An example:
Assume there are only 100 eMu in existence, and I own them all. You wish to obtain some eMu so you place a buy order on the exchange for 100 eMu at whatever the current rate is (doesn't matter for this example). I am not selling my eMu, so there is no eMu available for you to buy, the exchange system recognizes this, so creates a demand signal and passes that to the supply system. Save for the technical details, the supply system will create that 100 eMu over time and distribute it to stake holders, which is me in this example, and Hatchers.
In this example, there are no transactions happening so the Hatcher's would not receive any of the new 100 eMu supply as earnings bonus, so all 100 eMu would end up with me. I have just made 100% profit, or more accurately, 100% interest, and supply overall is at 100% inflation.
If I do not sell those eMu on the exchange, eventually I will receive another 100 eMu again and again providing that your 100 eMu buy order is still there.
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By having an initial quantity of eMu at launch, it dampens this effect for the short term, and over time, the natural spread of eMu around the system would ensure that all is fair and balanced.
It would be possible to create this initial system balance and allocate it entirely to an account in eMunie's control and we then sell those eMu on the exchange, perform giveaways and whatnot; however by doing so this would levy control of a large portion of the total eMu supply to a single entity for an unknown period of time.
One of eMunie's main goals is that it should be a decentralized currency, thus adopting the above approach would call that goal into question as eMunie/I would be able to abuse and drive the market price to where ever we wished it to be.
As the system needs this initial base of currency to "kickstart" it we have decided that this initial system balance should be distributed around as many accounts as possible, with the fairest way to achieve this being by way of a pre-launch purchase of eMu. This will serve as both the system start point, and will allow us to raise additional funding to my own to push development and adoption over the coming 12 months.
Upon launch eMunie (us) would have zero eMu balance, I myself will allocate a small percentage of the total amount in the system at launch for my efforts over the past year and to use as a form of recouping my expenditures, with the view point of what I have spent on eMunie in those 12 months in my pre-launch buy in. Of course if interest is low, then I wont end up with very much at all
I can't really give any solid estimates on what the start supply will be, as we haven't performed the pre-launch sale yet. We will be announcing this officially soon, but until then it is a question I can not really answer as I have no indicators to determine what it may or may not be.
Growth over the first of course depends totally on demand for eMunie...if there is little demand, then low volume of eMu will be created and vice-versa. The system tries to manage & regulate inflation along with market value as best as it can so that both growth and value are predictable over time. I will be purchasing eMu from the exchange for the system to work with to help meet these goals post-launch.
I hope that answers your question
Thanks for the detailed reply.
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