Post
Topic
Board Announcements (Altcoins)
Re: [LAUNCHED] INSTACASH [ICH] - Cutting Edge Cryptocurrency | Masternode | POW/POS
by
pnbamania
on 11/02/2018, 00:09:50 UTC
Launch Date: 00.00 UTC, 11 Feb 2018 on Sunday
Countdown: https://www.timeanddate.com/countdown/generic?iso=20180211T00&p0=%3A&msg=InstaCash&font=cursive&csz=1


Name: InstaCash
Ticker: ICH
Slogan: "Instapay with InstaCash!"
Algorithm: Quark
Block time: 30 seconds
Max Supply: 100,000,000 ICH
Premine: ~500,000 ICH [0.5% of total supply]
Masternode Collateral: 10000 ICH
POW BLOCKS: 1 - 100,000
POS BLOCKS: 100,001 to INF
Masternode Rewards will begin from 10001th block [2nd Phase of POW]

POW REWARD STRUCTURE:
  • Phase -1: Block 1 - 10000: 100 ICH per block [no MN reward] [3.47~ days] => total 1,000,000 ICH
  • Phase -2: Block 10001 - 100000: 10 ICH per block [Miner Reward is 75% - 7.5 coin per block] [MN reward is 25% - 2.5 coin] [31.25~ days] => total 900,000 ICH
Total ICH in circulation in POW: 1,000,000 [phase-1] + 900,000 [phase-2] + 500,000 [premine] = 2,400,000 ICH
N.B.: First 10k PoW blocks have 100 ICH reward because many people are well informed about the launch because of per-announcement, so we'll see big hashrate and high mining difficulty in first few days. so we have increased block rewards for first 3~4 days so that no one get any loss from high difficulty mining. Also it'll sustain coin value.

POS REWARD STRUCTURE:
  • Block 100,001 - Inf: 5 ICH [MN - 75%] [STAKE - 25%]

Features:
  • Anonymized transactions using the Zerocoin Protocol.
  • Fast transactions featuring guaranteed zero confirmation transactions, we call it SwiftX.
  • Decentralized blockchain voting providing for consensus based advancement of the current Masternode technology used to secure the network and provide the above features, each Masternode is secured with a collateral of 10K ICH.

PREMINE DISTRIBUTION:
Signature Campaign [long run]: 50000 ICH
Retweet bounty: 5000 ICH
Translation bounty [max]: 5000 [250 per translation]
Pool bounty: 8750 ICH [5000 + 2500 +1250]
Block explorer bounty: 1250 ICH
Exchange listing: 150,000 ICH [Including big exchanges]
Wallet bounty: 50000 ICH
Advertisement, Promotion, Logo, Video bounty etc: 50000 ICH
Presale: 30000 ICH [3 MN]
Dev fee: 50000 ICH each [3 devs total]
[Premined coins won't be used for staking (except dev fees)]

More details will be coming soon... Wink
Join our Discord Server: https://discord.gg/Gme7veX
Website [under construction]: http://www.instacash.cc
Follow us on twitter: https://twitter.com/instacash_ich

Participate in logo design contest: https://bitcointalk.org/index.php?topic=2902859.0
those who are interested in translation bounty, please reserve your position at #translation channel in Discord.
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