"- 2 coins per PoW block for support costs. This is necessary to help with running costs and for bounties later in the PoW phase"
What does this mean exactly? (From the first page)
Can someone explain me what is this?
2x coins from every Proof or Work block goes into a foundation wallet, that will then get for bounties and running costs as the balance gets bigger.
Currently there is 3334 BURN available in the wallet
How much in percentage will this foundation wallet have?
20000 total PoW blocks, of those roughly half will be PoS, so about 10,000 x2 coins..
About 20,000 coins by the end of PoW. Of a total estimated coin supply of 2 - 2.5 million.
About 1% in total
Ok, but really if you didn't have this, this coin would be much more valuable.... I'm a personal investor and I (like many others) ignore immediately coins with pre-mine, if this coin didn't have "pre-mine" would be much better...
Still, I will keep an eye on this one
