DEV why stake This is not fair wow 291M
dev is bad
Ok, so it is obvious that no-one seems to understand why there has been a premine! Please stop moaning!
It would be suicidal for this project to provide more than 50% of the total coins to the public, it is essential that there is a mechanism for funding development and delivering the XP strategy and retaining some sort of control over the project for the benefit of future stakeholders and consumers.
If you want to know more, here's are some statistics for you.StatsWorld population: 7 billion
Total gamers worldwide: 1.2 billion
Total online gamers worldwide: 700 million (around 60% of all gamers)
Mobile phone subscriptions: 6.8 billion (almost 100% of population in relative terms)
XP Statistics (world population)Launch - 14.28 XP per person on launch (total 100 Billion POW)
3 Years - 114.28 XP per person after 3 years INCLUDING STAKING
5 Years - 457.12 XP per person after 5 years INCLUDING STAKING
XP If Split Between All Gamers (1.2 billion gamers)Launch - 83.33 XP per person on launch (total 100 Billion POW)
3 Years - 333.33 XP per person after 3 years INCLUDING STAKING (just look at that number 333.33 after 3 years, that cant be coincidental!)
5 Years - 1,333.33 XP per person after 5 years INCLUDING STAKING
That is still not sufficient to provide enough XP for people to use all over the world!
Theoretical ImplementationThere are 7 billion people in the world, as you can see above, it is essential to stake 100% of the coins to achieve the desired level of XP to cope with growth. If every gamer started earning XP tomorrow they would only have 83 each? That's nothing, when you get awarded 100XP for levelling up in Steam. Even after 5 years there is only just over 1,300 XP each for every gamer, after 5 years!!!!
The 50% premine supply enables the system to increase capacity on consumer demand, until such time that almost 100% of coins are in the public domain but that may take 20+ years.
XP in 10 years time, I predict, will have the biggest market cap of any coin we see today, seeing the decline of Bitcoin and Ethereum;
Bitcoin = Compuserve
Ethereum = Yahoo
XP = Google
All comments regarding the premine will be ignored in future.
None of the premine (without any prior consultation with an exchange directly) will be deposited to an exchange.
The launch was fair and allowed anyone to mine from block 100 at low difficulty (including enabling people with SHA256 miners legacy equipment to join in).
I trust that provides the necessary information that will allow you to investigate whether you want to invest in XP or not. It is your own responsibility, it does not matter in any way, all investment to the project will be by myself to achieve what is necessary.