It seems that 85m will be locked in a non-staking address, around 16m in circulation, how about considering burning the 50% of the locked token, to give value to that 16M coins. and continue with the platform. As far as I know there are still some ICB allocated for development and you can sell that slowly to compensate for the development. The only question would be maintaining the ICO price. But well i guess you have a good plan for this.
I think, if its around 16M in circulation, it does not hurt the entire coin alone. If its dumped hard, well its great. The team can buy it back more cheaper.
I just wonder how profitable it is to mine since im not techy, why miners are eager to sell it?
That's right. We will consider to rebuy cheap ICOBID if there're any when it launches exchanges.
For mining, there're some ways that you can join.
- Solo or pool mining on your computer.
- Rent rigs for minining
Mining with your computer It seems impossible for solo-mining to mine ICOBID because of high POW difficulty now. Join Pool mining is a good choice. You share your computer power in a pool and receive new ICOBID based on your mining weight.
Since there're not much ICOBID for staking and major of ICOBID from us are held in cold wallet, new ICOBID will be easily mined by POW in pools. That's the reason why miners are eager to sell ICOID at cheaper price now. The situation will change when I release ICOBID after ICO. More stakers will decrease reward for POW mining. For mining cost, miners are the only ones who know that. Anyway, it is similar to renting cost as I mention below.
Rent hash for mining You do not have to spend your computer power. You can pay bitcoin to rent some hashes for mining some certain coins.
This is a kind of investment. Instead of buying a coin with a certain amount of bitcoin, you rent a machine to mine.
Based on mining renting cost calculation, it takes about 300-500 Satoshi to mine 1 ICOBID.
Why in case of mining cost is about 300-500 Satoshi, do we set ICOBID price as high as 1000-1500 Satoshi? There're two main reasons:
The first, we need a totally secure network of ICOBID when ICO finishes so we need help from miners on early stage. If we postpone mining until ICO ends, miners with the same hashrate seem impossible to mine ICOBID after ICO.
The second, there're not much ICOBID available for mining: About 800.000 ICOBID are mined during 2 months of ICO and pre-ICO. We can consider this is a reward for one kind of bouty campaign.