CORE Asset Structure Changes and Supply Reductionhttps://www.mynxt.info/asset/18026565504333172181The CORE Executive Board is pleased to announce finalized details regarding its decision to reduce the supply of CORE assets to 1,000,000 from 5,000,000. This reduction has already been executed by deleting 4,000,000 assets from the NXT blockchain (
https://nxtportal.org/transactions/5452525506034291505).
The allocation and distribution of the remaining 1,000,000 assets are as follows:
350,000 Total Founder's Shares
490,360 Outstanding Public Assets
159,640 Assets remain in the asset issuer account for future growth
This measure not only represents a reduction in the total supply of CORE assets, but also a reduction in Founder's Shares to 35% of the total supply. Beginning May 1, 2016, all Founder's Shares for the first time are to be considered 'issued' when preparing the end of month report and dividend calculations. These assets have already been sent from the asset issuer account to a separate account (NXT-Z5AW-P2P9-QKEV-43FPH) controlled by the Founder. The Founder decided that dividends received from all Founder's Shares will be entirely reinvested in the CORE Treasury and/or CORE revenue-generating activities for the benefit of all CORE holders. The Founder may also choose to redistribute his Founder's Shares to community and/or team members as rewards at any point in the future.
The 159,640 assets remaining in the issuer account may only be sold into circulation for future growth at or above the highest price at which assets have already been sold into circulation by the issuer account (40 NXT).