Difference between revisions of "Premine Disposition"
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* 01/22/19 77,117 MCM transferred to @AcroT!ger for Bounty Program payouts. | * 01/22/19 77,117 MCM transferred to @AcroT!ger for Bounty Program payouts. | ||
* 02/01/19 50,000 MCM were liquidated from the premine with the approval of Matt, Terry & Andrea of the Mochimo Foundation, and donated to Safe Exchange Tampa, a federally recognized 501(c)3 charity. | * 02/01/19 50,000 MCM were liquidated from the premine with the approval of Matt, Terry & Andrea of the Mochimo Foundation, and donated to Safe Exchange Tampa, a federally recognized 501(c)3 charity. | ||
| + | <BR><BR><BR> | ||
| + | Note: It's worth noting here that the "premine" often associated with the Mochimo Project was technically an "Instamine", which means the coins were included in the genesis block, and issued to Matt Zweil upon creation of the network. This matters for some legal/tax reasons. A pre-mine, technically speaking, is a period of closed mining on a cryptocurrency, where a limited group of people have access to mine the coin for a while, whereas the general public could not mine. Mochimo has been publicly mineable since day 1. | ||
Revision as of 15:15, 6 February 2019
Premine Disposition
This page tracks the movement of the premined coins on the Mochimo blockchain.
Developer Premine
This section contains announcements from the original Mochimo Dev Team regarding the pending sale of their compensation. Each Dev Team member is permitted to sell up to 5% of their compensation each month. This page will host announcements 30 days in advance of any intended sale.
- Pre-mine holder with 128,000.00 coins plans to sell 5% in 30, 60, and 90 days.
- Pre-mine holder with 32,000.00 coins plans to sell 5% in 30, 60, and 90 days.
- Last update: 01/30/19.
Other Premine
This section contains a historic record of the disposition of premine coins, as approved by the Mochimo Foundation.
- 01/14/19 50,000 MCM were liquidated from the premine with the approval of Matt, Terry & Andrea of the Mochimo Foundation for the purpose of covering legal expenses.
- 01/22/19 77,117 MCM transferred to @AcroT!ger for Bounty Program payouts.
- 02/01/19 50,000 MCM were liquidated from the premine with the approval of Matt, Terry & Andrea of the Mochimo Foundation, and donated to Safe Exchange Tampa, a federally recognized 501(c)3 charity.
Note: It's worth noting here that the "premine" often associated with the Mochimo Project was technically an "Instamine", which means the coins were included in the genesis block, and issued to Matt Zweil upon creation of the network. This matters for some legal/tax reasons. A pre-mine, technically speaking, is a period of closed mining on a cryptocurrency, where a limited group of people have access to mine the coin for a while, whereas the general public could not mine. Mochimo has been publicly mineable since day 1.
