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Oh, I was a bit unclear there. The 9.9% was of the total money that was raised in the ICO (60m) and ended up being ~5.9m. The total initial premine was 72m (~5
by Anunayj 4y ago
Oh, I was a bit unclear there. The 9.9% was of the total money that was raised in the ICO (60m) and ended up being ~5.9m.
The total initial premine was 72m (~59% of today's supply).
I think someone more knowledgeable might provide a better breakdown of those funds, except that the article(s) linked covers it a lot better than my comment.
- gnramires 4y agoSince this "premine" (the 59%) was really a token sale, I don't think it's too problematic (mining is buying tokens with electricity/hardware).