Post-Mine

What is post-mining?

Post-mining is a practice performed by developers that creates new coins following the launch of a cryptocurrency but before public mining is possible.

This allows the team to produce new coins without competition from external parties.

This sometimes occurs between the snapshot date — such as when token balances are counted so a newly created coin can be dropped or swapped on exchanges — and before the code has been made public for outsiders to mine new coins.