bitcore what you think about it

[GiorgosK]

this is not a hate or love thread I am not selling or holding any bitcore (not yet, maybe in the future)
I just wanted an honest opinion on bitcore https://bitcointalk.org/index.php?topic=1883902.0
I did not want to post on their thread in fear of being thought of as highjacking of thread

They launched in april and gave BTX to bitcoin holders which I don't consider fair

Now they are giving away 3% every week to BTX holders which means about 2x your  investment in 6 months and 4x your investment in 1 year which is quite tempting if the price just stays stable or raises
and it has already driven the price of each BTX to $9

but what do they have to offer ?
just an incentive to buy the coin and hold
anyone else has seen any roadmap on what is the utility of it ?
how long the developers be giving away 3% per week ?
lets say they will be doing this for a year it means they have to have 1/2 of the total supply in their wallet
which effectivelly means a huge PREMINE ?
or is it part of the algorithm to be paid this 3% ?

any thoughts ?

[bakgwei]

There is an active BTX thread here where your question would be better placed:

https://bitcointalk.org/index.php?topic=1883902.0

[Red-Apple]

it is just another one of Airdrop coins which gave away lots of free Bitcore to bitcoin holders in the past and they mostly dumped their coins. it means about 16 million premine based on the snapshot they took from block 463604 and they kept the rest of BTX for those who never claimed their BTX

this coin is not really doing anything special, it is a fork of bitcoin with SegWit and bigger blocks at the same time. if i am not mistaken the block time is also smaller (faster blocks).

i was thinking about buying some to get the % profit but i was scared of the sudden dumps and price drops that this kind of distribution always brings on so i decided against it. but i admit it is a nice incentive.