MUSIC / Musicoin buy now looking good.
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Oly681 last edited by Oly681
From the article :
"I am told MUSIC has an unlimited supply of coins. Nowhere in the official Musicoin announcements or descriptions was this stated. With a 15 second Block time, and 314 MUSIC coins per Block, the number of coins will quickly spiral out of control. The coin is barely a month old and already has 100 million in circulation. That puts it at somewhere around 1 billion coins each year, with no plans to cap the number.
So far the price is taking this into account and staying relatively low. Personally, I would be much more likely to give this a positive recommendation if they were transparent, but they are obviously trying to hide this information from anyone looking into the coin."
Is that true? I was sure I read somewhere that they added a cap??
Thibault Shagersword last edited by
Well this is not exactly true, it says on the different official doc available online that :
- It's not cap at the moment
- they will massively decrease the coins per block at the end of Q4 2018 and drop a difficulty bomb.
- They will adjust the supply after that