Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Grim Coin
by
Grim_Coin
on 12/07/2018, 20:28:19 UTC
Final specs for GRIM after swap...

Coinbase Maturity: 100 Blocks
RPC Port: 19666
Blocktime: 90 sec
Minimum Stake Age: 6 hours
Max Supply: 250 Million
Masternode Collateral: 175000
POS Split: 65% MN / 35% POS

POW Rewards: (chain is running now, public launch Block 11,000/July 19th)
Block 1-150: 0 GRIM
Block 150-11000: 10 GRIM
Block 11000-18000: 200 GRIM (Block 11,000 will hit on July 19th)
Block 18000-forever: 10 GRIM

POS/MN Rewards:
Block 200-18000: 1.54 GRIM
Block 18000-125000: 400 GRIM
Block 125000-250000: 200 GRIM
Block 250000-375000: 100 GRIM
Block 375000-500000: 50 GRIM
Block 500000-625000: 25 GRIM
Block 625000-750000: 12.5 GRIM
Block 750000-forever: 10 GRIM

Of note there...we are currently mining (block reward of 10) and have 2 MN set up (reward 1) and a few PoS (reward .54) running.  This is to secure the chain prior to launch...all coins mined/gained from this will be given away in 1-3 give-aways to the community and 100% verifiable.  Also, to prevent the first few MN online from gaining too many rewards, there will be a week +/- of mining at 200 reward before MN's pick up and give their full rewards.  This is to have a fair launch for timezone differences etc...

Wallets and source will be released on July 19th.  We will also be releasing the details of the swap ASAP...we are working on a bot to automate it but want to make sure it's flawless before announcing that