Re: [ANN] AIRDROP | MASTERNODE | X11 | LOW PREMINE

Quote from: idapay on February 24, 2018, 02:06:35 PM

IDA PAY

We are glad to introduce our latest addition to the altcoin community, after months of work we have brought together an exciting new coin which supports PoW and PoS. We are eager to bring new features that will not only profit our community but will bring innovation to the ecosystem.

Specifications:

Max coins: 21 000 000
Coinbase maturity: 15 blocks
Target block time: 2.5 minutes
Difficulty retarget: 10 blocks
Premine: 2%

PoW algorithm: X11
Masternode collateral: 1500 IDA
Collateral confirmations: 30 blocks
Block rewards: 18 IDA
Reward diminishes by 30% every 100,000 blocks.

PoW/PoS Masternodes reward structure:

Block / Time	PoW (%)	PoS (%)
0 - 3,000 / 25/02 - 02/03	70	30
3,001 - 10,000 / 02/03 - 14/03	40	60
10,001 - 50,000 / 14/03 - 05/06	30	70
50,001 - upwards	20	80

Masternodes and miners:

Masternodes are a very important part of the network, they provide core services for a privacy coin as are anonymization and decentralized governance. Furthermore, they bring a very much needed voting system to the ecosystem. Simultaneously, mining is imperative to be able to achieve network stability and bring initial interest to our project. As you can see above, although we will not completely phase out PoW; at a certain point in time, Masternodes will become the backbone of our blockchain.

Voting system:

From day 1, we will be using the integrated governance proposal and voting system as we believe it is important to have the community involved in all of our projects, in the most official and democratic way possible. We plan on creating a platform where proposals will be submitted and discussed among the community, an easy to use system will then be used for voting. This is a feature that is already integrated in our blockchain, it will not require any additional work to deploy. All of our budget spending will have to go through the respective process, from proposal to voting, with all the discussion and debate this will bring to the table.

R&D

We have been in discussions with other altcoin developers and are analyzing the feasibility of an inter-blockchain integrated trade system. Our main requirement and the main objective of our R&D project would be an easy to integrate module which will accomplish this task with minimal parameterization. The most common use case would be exchanging your coins A to coins B, without going through an exchange but done at a price that would have been established by the two parties and communities. This will be our initial R&D project.

We are also open to any ideas you might want to contribute, as this is the main reason behind our project. We believe the whole crypto-community should benefit from our different R&D projects.

Roadmap

2018 Q1	2018 Q2	2018 Q3	2018 Q4	2019 Q1
Initial development	Exchange 2 and 3	Addition of team members for R&D	Merchant addition	Inter-blockchain trading on 10 altcoins
Deployment and release	Android wallet	Development of initial R&D project	Deployment of project to other coins
Exchange 1	Proof of concept of initial R&D project	Initial testing of R&D project	IOS wallet
Beginning of proposal system
Initial development

BOUNTIES

Website designer: 2 MNs

ANN translations (10 languages): 200 IDA
Mining pools: 1st: 800 IDA
2nd: 500 IDA
3rd: 300 IDA
4th: 100 IDA

Block explorer: 1 MN

Marketing plan: 1000 IDA

Masternode setup documentation: 500 IDA

AIRDROP

Between February 25th and March 2nd, every member of Discord group will receive 15 IDA.
For every referenced member that joins the Discord, the referencer will receive 10 IDA.
Every follower on twitter will receive 10 IDA.

Social Networks

Follow us on twitter: @idacrypto https://twitter.com/idacrypto

Join our Discord: https://discord.gg/zfRNTZS

The wallet will be available for download on February 26th 2018, at 08:00AM UTC.

I reserv portuguese translation!