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RE: "Why Auroracoin Will Do Great Things for Iceland, and Iceland, The World."

in #auroracoin7 years ago

Interesting that there is $2.6 million in AUR, because the population of Iceland is quite low (~350K). If I remember correctly, the coin was mostly pre-mined and then distributed amongst the population equally, as an incentive to use it in trade. Iceland itself, does seem to have the willingness to try it at least.

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originally half were meant to be premined and distributed, but 5 mil of that half ended up being burned because icelanders didnt go to get them, also the foundation holds a million aurora to fund development and advertising. so the number of Auora now is 16 million total, of which about half have been created so far, and are in circulation.

so to answer your question it was about 33% premined, and then distributed to the foundation and the population. at this point in time, I bet much of that has entered into normal curculation could be held by anybody.

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