Post
Topic
Board Announcements (Altcoins)
[ANN] TEO (TrustETH reOrgin) Mainnet Algorithm change [ETHash -> TETHashV1]
by
trustfarm
on 02/10/2018, 08:35:14 UTC
https://forum.tao.foundation/topic/24/prepare-teo-mainnet-with-algorithm-change-ethash-tethashv1

We are working on changing the ETHash Algorithm for Prevent ASIC Mining.

Newer version of Algorithm name is TETHashV1 (Trust ETHash Version 1).

We target to launch pre-bounty mainnet in 2weeks.

And We are planning the Basic Policy on change algrothm, every 6months for at least 1Year.

It means we give a bounty for TEO Testnet participates, get bounty.
After Airdrop on mainnet, It will publicity open.

TEO provide still a chance to mine with GPU.

And, Modify Airdrop calculations.

0      ~     10  :  0.5x   => 5 TEO Max.
10    ~    100 :   0.4x   => 5TEO + 36TEO = 41 TEO Max.
100  ~   1000 :  0.3x   => 5TEO + 36TEO + 270TEO = 311 TEO Max.
1000 ~  2000 :  0.2x   => 5TEO + 36TEO + 270TEO + 200TEO = 511 TEO Max.
2000 ~           : 0x  => No Airdrop.

In case of exchange who listing TEO , We will negotiate same calculation on their customer funds and bounty for funds for customer airdrop.

Stay Tuned.