Quote from: Danuberiver on August 08, 2018, 09:19:14 AM

Quote from: WitnessCoin on August 08, 2018, 08:25:52 AM

Quote from: Luuk on August 08, 2018, 07:02:06 AM

I saw your post in the Gulden ANN, witnessing is a brilliant concept developed by the Gulden developers. For those that don't know about witnessing here is the whitepaper from the Gulden developers which they released last year and witnessing itself was released end of last month.
https://gulden.com/pow2

I am willing to invest in this coin on two conditions.

1. Do you have capable developers that can fork Gulden correctly? Apparently there was over 40 000 lines of code that went into the PoW2 update. The developers will copy Gulden's code base. We are only changing the supply and witnessing amount to equal the scrypt mining amount. eg 50-50 or 25 - 25
2. The most important one is marketing. The reason Gulden isn't a success is because the founder doesn't do marketing and I know if a group had to market PoW2 - Witnessing correctly it would have a massive impact on the global crypto market. With Gulden leading the development on witnessing we will copy the changes they do. The 10% premine will be used for marketing (50%), The WitnessCoin Team (30%), exchange listing cost (15%) and (5%) we will contribute towards the Gulden developers to keep on improving their code.

What exchanges will this coin be enlisted on? Binance and Bitfinex will be our partner exchanges who will have 15% of the supply between them.

Both exchanges will also promote WitnessCoin as part of the listing fee.

We are keeping the coin true to Malcolm McLeod's Gulden whitepaper by not changing anything besides the coin name, supply and distribution rewards.

We will provide more details about the team and the coin next week.

Will you have a reward halving? Don't make supply too big because of inflation, marketing is important for more users and higher price. Exchanges are the best, good start for you.

The PoW scrypt reward will start the same as the witness and decrease to 1 WTC per block within 3 months. The witness amount will stay the same, the details about the supply and rewards will be explained in more detail next week.