diff --git a/ecash.html b/ecash.html --- a/ecash.html +++ b/ecash.html @@ -31,9 +31,11 @@ More information on eCash supply is available at ecash.supply.

Question: Will XEC be burned to decrease supply?
- Answer: No. We think XEC is valuable, and therefore we will not burn any. + Answer: No. eCash is unburnable.
- It is also important to realize that eCash is different from other new tokens where the founding teams often hold a large proportion of the total supply. In those other coins, the large amount of coins that the team holds is still waiting to be released into the market, causing future inflation. XEC, on the other hand, is already about 90% issued, and the dev team holds only a small amount relative to total supply. This means that new supply of XEC into the market will continue to be very limited.

+ The issuance of eCash is not controlled by Bitcoin ABC, or any single person or group. It is mined into existence starting with the Bitcoin Genesis block in 2009. This means that, even if the team wanted to, it would be impossible to "burn" the supply. This is a feature, not a bug. +
+ eCash is different from other new tokens where the founding teams often hold a large proportion of the total supply. In those other coins, the large amount of coins that the team holds is still waiting to be released into the market, causing future inflation. XEC, on the other hand, is already over 90% issued, and the dev team holds only a small amount relative to total supply. This means that new supply of XEC into the market will continue to be very limited.

Question: What is the contract address?
Answer: XEC is not an ERC-20 token, it is its own blockchain similar to Bitcoin (BTC).