I want to introduce you to the new innovative crypto-currency ECCoin.
Start: March 07, 2014
ECCoin is an energy saving coin generating most of its coins through PoS blocks. It distributes its initial coins through 45 days evenly distributed PoW mining, no halves during the initial distribution phase, thus ensures a fair distribution. After initial distribution, the PoW block payout will be dropped to 1 coin per block. The main coin generation will be done through the PoS generations.
ECCoin also adopts a variable PoS rate with the following annual interest rate:
- Year 1: 25%
- Year 2: 15%
- Year 3-9: 10%
- Starting Year 10, it will have an annual PoS interest of 1%
After 9 Years of generation of coins, the coin generation will be basically shut off, and the existing coins will be used for circulation.
- 50 Billion coins total
- Scrypt PoS/PoW
- 45 sec block target
- diff retarget each block
- 4 transaction confirmations
- 50 minted block confirmations
- Low transaction fee
- Variable interests
- PoS starts after 42 days of minimum holding
- Random 100000 - 300000 coins per block for the first 45 days evenly distribution
- After 45 days, the PoW block drops to 1 coin/block
- connection: 19118
- RPC: 19119
Sample conf (ECCoin.conf):
ECC aim to be the most social crypto coin ever
promoted on social channels. For this reason ECC's marketing will be handled by industry experts via many channels. Over 100.000 out flows
planned in this area by these following channels during at least 6 months of time: Articles, Press Releases, Directory Submissions, Video Promotions, Social Bookmarks, Social Page Designs and a lot more. Bitcoin fans forum Ecoiner.org will deliver full support for future of ECCoin
. See: http://ecoiner.org/ecc
Some of them already know Ecoiner from it's giveaways. http://ecoiner.org/giveawaysECCoin Goals
To increase ecological awareness in public.
To help crypto currencies in general to be understood by communities never heard it before.
To be accepted as much possible online shops possible to maximize value. We have great bounties for them.Giveaway / Bountyhttp://ecoiner.org/ecc/special-ecc-giveaway-position-1186/
(1000 ECC)Faucetshttp://coinok.pw/faucet/ecchttp://cryptotrends.info/eccoin/faucet/Paper Wallet Generatorhttp://coinok.pw/wallet/ecc/Bountieshttp://ecoiner.org/ecc/ecc-popular-contrib...n-awarded-1199/
Country Community leaders wanted (High bounty) China, Russia, Poland etc. PM. PleaseCurrent Exchangeshttps://www.allcoin.com/trade/ecc_btc
(ECC/BTC - 0% Fee) https://www.coinader.com/?cur=ECC&ccur=LTC
(ECC/BTC - 0% Fee)https://xnigma.com/markets/view/68
more coming soon... We will study and work with all these targets like we currently do: http://ecoiner.org/ecc/mission-cryptsy-rew...ecc-enjoy-1201/
All exchange is another target and our community is going to be rewarded for all efforts.Social GroupsFacebook page: https://www.facebook.com/eccoin Twitter Page: http://twitter.com/eccoinReddit Page: http://www.reddit.com/r/ECCoin/Google+ Page: https://plus.google.com/communities/103182056663513668153DownloadsWindows Client Download (Version 1.1)http://eccoin.cc/ECCoin11.ziphttps://mega.co.nz/#!Nk4HQZAb!wuSp2...plpUNkIApam8HAgMacintosh Wallet 1.0
(thanks pcmerc) Not Found ???Linux Wallets
(Choose from OpenSuse, Debian, Ubuntu)Android
: (Bounty exists)Source Download at Github: https://github.com/eccoin/eccoinFAQ
- if the coin shuts off after 9 years, will the transaction fee then be reduced to 0? How does the PoS confirms transactions?
The pos blocks will still be generating after 9 years, except that the rate is a low 1%. The pos blocks will confirm all the transactions and keep the network going. The tx fee will stay the same. tx fee will not be lost.
- How many coins will be?
After 10 years 50 billions in total.
- What is your main differences from others?
The idea here our PoW period lasts more and does not halves during this first 42 days and so better distributions possible for miners. We have very few crypto to be mined when compared to PoS rewards. So miners is here highly rewarded. We will use social marketing much better (effective & intense) than any others. We have not started yet 100k planned outside marketing efforts.(following week starting) We use external several other marketing companies for these efforts.
- What is PoS?
Proof of Stake. Your cryptos produce interest in wallet as long as you keep them.http://en.wikipedia.org/wiki/Proof-of-stake
- When will PoW halve?
The PoW will not halve, it will stay the same for 45 days then drop to 1 coin/block. So fair distribution will be more possible. Not only early birds.
- Do i need to keep my wallet on for PoS?
- What is the premine amount?
It's 0.99% to support bounties, giveaways, merchants, exchanges, dev team.This post has been edited by gal40n0k85: Mar 9 2014, 07:29 PM