Loved everything about this coin when i swapped all my miners to it. But OMG why would you Pre-mine 270,000,000 coins ?? Thats like having something great and shooting yourself in the foot.
Real Bummer as i really loved this coin and i still have like 100.000 coins but after running 5 miners 24/7 to only realize 270,000,000 coins were mined right off the top is crazy. I forget the actual numbers but doesn't this beat Quark as being the now #1 most Premined coin?
Still excited about the coin and really hope to see it succeed but being listed as 1 of the top scam coins only do to Premining is such a shame.
Even a simple Google search looking for Earthcoin brings up the scam thread right next to your website.
I want to you know i am not posting this out of dislike of the coin or anything like that as i was very excited about Earthcoin but i am merely posting out of disappointment to find out about this.
If i was running a few miners that would be one thing but to burn through tons of electric mining coins that basically if you ever dropped those millions on the market would make our coins worthless is just a chance i really cant take.
I honestly never understood this you have a Great coin and a great plan why would you possibly pre mine an amount of coins that Huge.
Well wish you all the best and wish the coin the best.I will also be watching mining every now and then but Crypto is already a gamble adding 270 million premined coins makes it real scarey. And i know you are not the only Coin that has premined but man with a name like Earth coin i really expected different
Take Care and be back soon and please don't take this as an insult its more of just wondering why you would do that to such a wonderful new coin.
Thank you.
In no particular order: The quark amount vs % is what one should look at, they premined 98%, we premined 2%.
The review site being next to ours in serps, if people dig deep enough or read comments they'll see the truth re the author. It is a shame it's there but I'm not worried about it - I see it as an opportunity for good damage control marketing (and it has already worked by the community self policing itself). Internet marketing 101 - create review sites/flogs/comparisons/editorials/sneakyendorsements or slanders/fudhubs of your industry while you paint your products as the #1 choice (or coins in this case). As a matter of fact, feel free to copy/paste this whole response in the comments on that article, if he leaves it up and doesn't delete it I'll give him kudos.
A few pages back I mentioned that I could easily fiverr my way to even outsourcing 50 altcoin review sites with reputable looking assets and SEO them to death around easy new keywords that I'll rank quickly for in order to shit on all my new competitors and to make my coins the glowing #1 obvious choice. But why when I could be improving my coin with that time and energy and having the community naturally back it up vs a farce...
I'm somewhat new to the 'launch' process of crypto, but I've been packaging, branding, and looking after tier 1 down to mom and pop shop brands for 15 years before doing my own brands and products - campaigns for good brands to launch and seasonal assets to follow can cost a ton of money.
This new concept of actually building value and community around a coin and using the actual inventory of the coin to get assets developed and give the coins to hold and redistribute to start giving value to is fascinating for me, and has just proven itself in many ways as this would have cost a ton of money to date (a lot of which you guys aren't seeing as it's sensitive marketing and business for near future moves).
We're doing things openly, slow and steady, don't really want to be on exchanges yet, want more people to adopt and mine and buy/sell quietly. The assumption is also that we should give out the premine asap and just blanket the web with it - which we won't do. This has value now, people are buzzing about it, the fact that we can use internal inventory for probably a year or more is what is going to be a big driving force behind this and throughout this time as we keep making things and offsetting hardcosts with inventory and building more value, there will be more and more coins mined/distributed in ratio to what anyone holds, essentially preventing a quick cashout and crash.
Lastly, and this is going to get scrutiny but I'll say it anyway - I've done well for myself, still do, not in crypto but other ventures, this is my cherry on my cake. I don't need the extra 10, 20, or 50-100K quick and dash-hide, and I don't need to actually work at all and or could be dedicating my time to my other businesses to grow them more. This is something I'm doing for the long haul and working my butt off with for a change because when it was presented to me to be a part of I saw a big opportunity, much bigger than myself and much bigger than many give their coins credit/potential for.
Perhaps I'm naive and this truly has no shot, a lot of these coins probably have pure intentions like ours and even deeper pockets/bigger groups but don't make it. However I'll say this: I won't do this 'coin launch' thing with anyone ever again, if this is what it takes - to do a coin a month. But I could hire a nice team to do just that (I'll assume people/groups do, with all kinds of variables re premine/insta/no-premine but they hide behind big pools that friends/they own during launch and pretend it's not them..).. It comes down to relationship building, addressing important communication like I'm trying to do here, and trust to some degree that this is going to either be a long term thing, or be killed by scrutiny before it even has a chance.
We've been PM'd to buy 100M, down to 10M, perhaps as tests, perhaps as trying to take power away from the premine, perhaps to be the ones to dump, perhaps to scam us. It might be scary to leave control of the ratio to the team at first re 2% as the first few months of mining even out the odds, however your investment into any other alt is just as risky re who dumps first, who holds, who has control - and just by stating there is no pre-mine, or by hiding it well doesn't protect anyone nor give the coin a better shot (imo it prevents growth in a big way).
On a more sinister note, since I've been here, and looking at this from the outside in because I'm not toooo conditioned to your world here yet - and being in marketing all these years:
I see tons of holes and ways to execute blackhat campaigns already and monetize the crap out of this place with a rogue team and xx coins on the go at the same time. You wouldn't know
(in fact who's to say I don't have 4 coins and 16 more lined up!, just sayin').
I've ran my own forums, I've sold xx,xxx units of software online for $xx price points, I've had xx,xxx affiliates, look after xx sites, and understand this ecosystem (packaging and monetizing things online) very, very, very well. At the same time I understand what doing things right means and doing people wrong means. Just because it's online there's always a trail and if someone wanted me bad enough they could find me. Karma is real in my world, and I sleep well and live philanthropically. My real businesses have a very high satisfaction rate among my customer bases, this is paramount to me and I'm treating this much the same - must make you guys happy. No way to make everyone happy, must try anyway.
All words on a screen, for now - I may disclose my full ID in the future when the regulators and ptb figure this ecosystem out a bit more and it's a bit less sensitive. Not giving up and I'm not letting the premine scare you guys. I've thrown time, talent, people, research, execution, and some of my own money at this already and I'm not even the owner but I feel just as responsible for this project as he does.
Whoever said 10% of the premine won't be given out - more than 10% has been given out
'it has value now' and that value will be used for a long time to come for everyone's benefit, and only time will show our intentions.
Hope that makes some sense and relieves some of your fears, please stick around.
Thank you!
