I was checking the project out, looks good.
I was really considering buying some coins off exchanges but the moment I saw the distribution that turned me away almost instantly.
Based on Coin market cap:
Circulating supply (I assume sold during the ICO): 2,815,205 coins
then the total supply a whopping 15,000,000,000 !!!
From the main post I see nothing is getting burned but all going to be used for future development, adoption...etc
That's a ~x5328 the amount of the available supply on the market.
Taking that and the current price, coin is worth 1 sat.
Sorry unless coins left from the ICO are burned, I wouldn't touch this. Although project is not bad the distribution is just dreadful, who the hell needs 5000 times the available supply for developing a coin?
And I thought GNO, LBC and VOX distribution was messed up.
I suggest:
-15% dev fund should be 15% of the total coins sold (~2.8M) so 15% of that for the dev fund.
-Another 15% of the total coins sold (~2.8M) allocated for the pro solutions, pro merchant, and pro exchange.
Total 30% of the total available supply (~2.8 )
Total supply would then be: 3.64M coins.
Burn the rest.
Until I see something like that, I won't even consider buying a single coin and no one else will either.
You are right. A lot of people tend to stay away from coins that have large total supply for the fear that devs can dump them anytime on them and crash the market.
I hope atleast 60% of unsold coins be burnt if not all.
