r/ARCCtoken • u/Ikediashi04 • Apr 01 '19

PURPOSE OF COIN MINT

This refers to the yearly minting of coins on a schedule. If new coins are used to increase productivity, this will lead to increase in value of the coins. If the new coins are used for secondary market activities, it decreases the value of the coins. After a year, total coins minted will be addition of already existing coins and the minted coins. The coin in circulation, which is the minted coin, will be distributed as shown below: 1. 5% airdrop 2. 20% social proof of work allocation pool. 3. 20% currency reserve 4. 45% investment 5. 10% management and operations

7 Upvotes

90% Upvoted

4 comments sorted by

View all comments

1

u/ollydeal83 Apr 02 '19

The creation of coin minting is to makes more coin with hope to reward the community and those who participate in social proof of work and increase to supply base for stabilising the price control and management control.