This is not FUD, not an accusation, just an observation that
a) wasn't answered by Dev when it was asked a couple of days ago
b) is VERY relevant to whether this is as interesting a coin as it first seems
c) should have been spotted & questioned by more-or-less everybody long before now &
d) falls straight into the "RTFM" category anyway....
There are two TOTALLY contradictory statements in the OP which in effect set up a paradox:-
Here are the statements straight off the OP....
Specification:
Algorithm: Scrypt
Money Supply: 17,000,000
Block Target: 30 seconds
Transaction Fee: 0.01
Confirmation: 3
Minted Blocks: 70
PoS interest: 7% annually
Min stake age: 3 hours
Max age: 30 days
Distribution
Each person who registers and is qualified will receive 30,000 KTK. A combined total of 15,000,000. The remaining 2,000,000 are to be shared to those who keep 50% or more in their wallet for 30 days.
If all 500 stake holders keep 50% (15,000 KTK) in their wallet, each will receive a minimum of 4,000 koins = 30 days after receiving the initial stake. It's very likely not all 500 will hold 50% for the full period, those koins will be shared equally to stake holders that do.
The 2,000,000 can either be placed into a new address, which can be viewed anytime on the block explorer. Or if the majority of stake holders prefer we can arrange a 3rd party escrow.
So, the question is, if ALL the coins are being given away by L+30,
WHERE DOES THE COIN COME FROM TO PAY THE ANNUAL INTEREST OF 7%?Until that question is satisfactorily answered, the only wise thing to do is to hold under extreme suspicion EVERYTHING that is written in the OP, and hence by the Dev ever since.
Perhaps, just perhaps, there will be no distribution, this whole thing has been naught but a whale in-joke, a sadistic experiment in 'mob mentality' - like throwing a poisoned bone to a pack of starving dogs just to enjoy the show
I pray not.
98 minutes until the feeding frenzy starts again - enjoy the peace while it lasts!
