[Pre-ANN] Spinel [SPNL] C11

Introducing Spinel, based on the C11 Algorithm is ASIC resistant favoring GPU mining and will remain ASIC resistant in the future at all times. The wallets and the source code will be released within the next 24 to 48 hours. The wallets are being designed now. A company will be registered in March 2019 and all products / services in the Spinel platform will be managed by the company. The first product/service will be an e-commerce website for both physical and digital products. The roadmap will be constantly updated as we keep completing the milestones with new milestones being added. The Whitepaper will also be released in March 2019 after the company registration. The website is currently under construction and details will be updated before the wallets are released. The explorer will be ready this week.

COIN SPECIFICATION

Coin Name Spinel
Ticker SPNL
Algo C11
Coin Type POW/POS/MN
Coin Supply 65 Million SPNL
Premine 3250000 SPNL (5% of Coin Supply)

POW
Block Time 120 Seconds
Maturity 60 Blocks
Difficulty Retargeting Every Block
Default Port - 2951
Reward Halving Every 325000 Blocks
POW Rewards
Block 1 3250000 SPNL (Premine)
Block 2 to Block 1750 1 SPNL
Block 1750 and above 65 SPNL

POS
POS Block 120 Seconds
Coin Age 24 Hours
POS Rate 25% Per Year

Masternode
Collateral 10000 SPNL
Reward 60% of POW Block Reward
Confirmations 15

The Premine will be used for development, bounties and payment for listing. 20 Masternode slots are for sale from the premine. Anyone who wants one or more MN slots can contact through email / PM in Bitcointalk / Discord. Each of the Masternode slot costs 0.05 BTC. Masternodes will be setup after the initial wallets are released.

We are in need of a Social Media Manager. The contract is for 1 year. Payment will be 10000 SPNL per month. Based on performance, bonus and/or incentives will also be provided. The Social Media Manager will have to manage the social media channels like Facebook, Twitter, Medium, Telegram, etc. If you are interested and have the skills to become a Social Media Manager, send your interests along with your skillset to info@spinel.online

Contact

Email
info@spinel.online (For general enquiries)
support@spinel.online (For support)
Website - spinel.online (Under Construction)

Discord Channel

Bounties will begin after the wallet release.
Translation Bounty - 2000 SPNL
Pool Bounty - 5000 SPNL (First 3 pools)
Exchange Bounty - 10000 SPNL (First 3 exchanges)
Reserve spots for the translation and pool bounties.
More details on promotional bounties will be announced soon.

To buy Masternode slot(s), send email to info@spinel.online or send a private message in Bitcointalk or we can chat in Discord

Discord Channel