I see the end date for the giveaway, but when will it begin?
July 1st is the first giveaway launch, every month, at the beginning of the month.
Give ways mean major dump
That was a fairly stupid thing to say.
We are not giving away 100% of our funds all at once. We are spreading out the distribution over 6 months.
Unlike most PoW/PoS coins that come out lately, where 100% of the coins are mined within 7 days.
This means 100% of the coins are out there, ready to be dumped within a week.
So do you go around making this comment on those threads as well? of course not, no one does.
The common coin launch encourages dumping 100 times over.
By having such a short distribution window, you end up with a very small handful of people holding a very large percentage of the coin. This is where dumping comes from.
We protect ourselves from this by being smart and only releasing a portion at a time.
As well, we are continually increasing scarcity by carrying forward all names to the following months.
So the first month 800 people sign up, the next month 1600, the next month 2400, etc etc.
Each month everyone gets less and less.
