Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [0.9.1] Ozziecoin - Australia's first widely distributed digital coin
by
Ozziecoin
on 04/04/2015, 05:02:00 UTC
"widely distributed". How do you plan to achieve this?

Simply register at ozziecoin.com/faucet/default.php and claim your initial 500 OZC. And every 2 weeks 5.04 Millions OZCs are distributed among all registered people. This is exactly the amount of OZCs that can be mined over the same period. So you can mine, you can only register and gain coins and you can do both. Every 2 weeks we have 10.08 millions new coins in circulation.

Hmm strange method for distribution. I see how you don't need a miner anymore to get coins making access to the coins really easy. But how to you get people to sign up for the site? Whats the distribution like? thanks

It's not strange. It's just a way to make it widely distributed. And this distribution will not last forever. After the distribution is finished the only way to get coins is mining.

We have pre-mined 11.5 billions of OZCs to be distributed.

These coins are allocated on the following addresses (so you can audit):
oV5ctFnNZw8JZc6Xw8MSPVAbY8j4sghJR1
oJuEvpBVnweWSRoHeRMzy1S8conadX6iUH
oZF28qd4LpZtfQhDwyN6NzmahrKQfZ8P7W
oaH4nKihobaBRFwnxLaJMBVv3T2QfmfegN
ofeoUq1zJ9y3yLC7ouSEGiLTEfXqmiqctN
oPo45cBNivyRyxurRDntKzrS1srSWyD8M1

You just need an australian mobile number to claim and get the coins.

For your info the block reward is constant and it's 625 OZCs every 2.5 minutes.