Difference between revisions of "Premine Disposition"
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* 03/12/19 Above 74.4K coins transferred back to @Stackoverflo to continue bounty payouts in @AcroT!ger's stead. | * 03/12/19 Above 74.4K coins transferred back to @Stackoverflo to continue bounty payouts in @AcroT!ger's stead. | ||
* 07/11/19 70,000 MCM were transferred to @Kashmyr for Bounty Program payouts. | * 07/11/19 70,000 MCM were transferred to @Kashmyr for Bounty Program payouts. | ||
| + | * 08/21/19 75,000 MCM were transferred to @Kashmyr for Bounty Program payouts. | ||
<BR><BR><BR> | <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. | 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 22:52, 20 August 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: 6,400MCM on 03/01, 03/31, 04/29.
- Pre-mine holder with 128,000.00 coins (same holder as above) 5% monthly for 12 months: 6,400MCM monthly, from 05/11/2019 through 05/11/2020.
- Pre-mine holder with 32,000.00 coins plans to sell 5% in 30, 60, and 90 days: 1,600MCM on 03/01, 03/31, 04/29.
- Pre-mine holder with 32,000.00 coins (same holder as above) 5% monthly for 12 months: 1,600MCM monthly, from 05/11/2019 through 05/11/2020.
- Pre-mine holder with 64,000.00 coins plans to sell 5% monthly for 10 months: 3,200MCM monthly, from 04/2019 through 02/2020.
- Pre-mine holder with 64,000.00 coins plans to sell 5% monthly for 10 months: 3,200MCM monthly, from 05/2019 through 03/2020.
- Pre-mine holder with 128,000.00 coins plans to sell 5% monthly for 6 months: 6,400MCM monthly, from 05/08/2019 through 11/08/2019.
- Last update: 05/11/19.
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.
- 02/13/19 74,400 MCM were transferred to @AcroT!ger for Bounty Program payouts.
- 03/12/19 Above 74.4K coins transferred back to @Stackoverflo to continue bounty payouts in @AcroT!ger's stead.
- 07/11/19 70,000 MCM were transferred to @Kashmyr for Bounty Program payouts.
- 08/21/19 75,000 MCM were transferred to @Kashmyr for Bounty Program payouts.
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.
