[Wanted] Developer For New Altcoin Project Backed By Hashing Power
I have an idea for a new Altcoin and I am looking for a programmer with crypto currency development experience.
This won't be your average "pump and dump" scam coin, but something that really has to work long term, so if you are going to suggest changing 10 lines of code and create a new logo this is not a project for you...
The main feature of the coin is that each coin will be backed by mining hashing power. Therefore each coin needs to function like a mining share.
Each coin (or block of coins) will be awarded a regular dividend payment depending on the amount mined by the mining network that is backing up the coin. This mining network will grow constantly, (as we sell more coins), so the hashing power backing each coin will increase, with the intent to keep up with the difficulty increases as far as possible.
Most or all of the coins will be probably be pre-mined or perhaps built on NXT, Namecoin, Mastercoin, Ripple or something similar? This is where we need someone with a lot of experience who can give advice on the best route to take.
Since we will make a significant investment in the mining network prior to launching the coin, (in order that the coin is already backed to a reasonable guaranteed minimum level before the launch), it is crucial that we don't run the risk of a 51% attack. There would be a financial incentive to try to hack/attack the coin/network as each coin is rewarded regular dividends.
To complicate things further, original coin investors will also be rewarded for recruiting new investors to buy the coin, on two or three levels, to speed up growth and adaption from new users. So we need a way to accurately track referrals on at least two levels, perhaps three.
If this sounds like something you could help us with please PM me with some information about your knowledge and past experience. We can then discuss further details and compensation etc.
I look forward to hearing from you!
This won't be your average "pump and dump" scam coin, but something that really has to work long term, so if you are going to suggest changing 10 lines of code and create a new logo this is not a project for you...
The main feature of the coin is that each coin will be backed by mining hashing power. Therefore each coin needs to function like a mining share.
Each coin (or block of coins) will be awarded a regular dividend payment depending on the amount mined by the mining network that is backing up the coin. This mining network will grow constantly, (as we sell more coins), so the hashing power backing each coin will increase, with the intent to keep up with the difficulty increases as far as possible.
Most or all of the coins will be probably be pre-mined or perhaps built on NXT, Namecoin, Mastercoin, Ripple or something similar? This is where we need someone with a lot of experience who can give advice on the best route to take.
Since we will make a significant investment in the mining network prior to launching the coin, (in order that the coin is already backed to a reasonable guaranteed minimum level before the launch), it is crucial that we don't run the risk of a 51% attack. There would be a financial incentive to try to hack/attack the coin/network as each coin is rewarded regular dividends.
To complicate things further, original coin investors will also be rewarded for recruiting new investors to buy the coin, on two or three levels, to speed up growth and adaption from new users. So we need a way to accurately track referrals on at least two levels, perhaps three.
If this sounds like something you could help us with please PM me with some information about your knowledge and past experience. We can then discuss further details and compensation etc.
I look forward to hearing from you!