NAME: PayPeer
Short Name: [PAYP]
Type: PoW / PoS (proof of work / proof of stake)
Last POW block: 50 000
POS interest: 365% per year
Algorithm: X11
Coin supply: 50 billions
Developers safe: 0.1% (not in stake)
block generation time 60 seconds
block reward: Random (50 - 500 PAYP)
change difficulty: 10 blocks
coinbase maturity: 30 blocks
Stake min age: 4 hours
Stake max age: 30 days
Average block reward is 275 PAYP which means 13.75 million coins will be mined in 50k blocks.
Meanwhile the dev has 50 million PAYP premined.
Other than the unicode spam in the title, everything looks great, the wallet, the website, the block explorer that 50mil premine turns this coin into bullshit.
Relaunch without premine imo, otherwise it's a waste.