Letter to Poloniex:
Tristan ( Poloniex )
Premine+ ( PMC+ ) is coming out in the next few days...
1 million coins all premined. POS with 1 million additional coins as POS rewards over 5 years...
500K coins are to be 100 percent distributed ( lilke PMC was ) from July1st to Dec 31st with all coins given away by that time...
( We are going to give them out more slowly than PMC initially was so more people can participate.. )
500K coins will be available to current PMC holders...
We are planning a 1 for 1 acceptance of PMC for PMC+. The PMC will be sent to a 'destroy' address with a message with a users PMC+ address. The PMC will be destroyed, and replaced with PMC+.
This period will last 1 month ( July 1st to July 31st )
Any remain PMC that is unswapped will still 'live' in the PMC coin-world... This will actually reduce the number of PMC 'out there'.
Any remaining PMC+ from the swap period will be set aside for bounties, and bribes... etc
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
At the end of the main giveaway, and after bounties and bribes and such, we may re-open the PMC to PMC+ swap ( a second chance )
Then after that the remaining PMC+ left over from the swap funds will be destroyed...
All of this will be completely transparent, blockchains, etc...
Anyway, this is our plan. The DEV has his BTC and is creating our genesis block right now...
Thanks for keeping us on Poloniex for now...
kbroadfoot