Ninjastic
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Topic
Board Announcements (Altcoins)
Re: [ANN] [Pre - ICO] REcoin - the first cryptocurrency backed by real estate
by
101REcoin
on 27/07/2017, 21:11:00 UTC
Quote from: 101REcoin on July 27, 2017, 09:04:27 PM
Quote from: Trofimov34Vlad on July 25, 2017, 07:37:05 AM
Maybe some1 can give an advice about mining it? Never mined before....  Roll Eyes Roll Eyes

A progressive formula is used to program annual mining with increasing annual mining rates. The stronger the REcoin mining society is, the greater the emission of coins will be.
A total of 999x10^9 coins will be emitted through the mining process over the course of 50 years.
Funds emitted during the mining process are proportionally distributed as follows:83% to the 101REcoinTrust to be put toward further real estate investment;15% to REcoin miners;2% to charitable organizations
The mining process is designed to reward the REcoin society miners who build the blocks that are required to create REcoin’s blockchain, while distributing the majority of the funds to the 101REcoinTrust.