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[ANN] [BEAR] BEAR Coin (bearcoin.net) | 90% Masternodes
by
VoytekBear
on 17/08/2020, 16:58:21 UTC



BEAR Coin is cryptocurrency designed to help animals by decentralized fundraising and blockchain solutions in cooperation with NGOs and animal lovers around the world.


Coin specification:

  • Name: BEAR Coin
  • Ticker: BEAR
  • Masternode collateral: 10 000 BEAR
  • Max coin supply: 21 000 000 BEAR
  • Block time: 120 seconds
  • Node/Masternode port: 7171
  • RPC port: 8181
  • Block reward: 1 BEAR (flat block reward)
  • Staking (PoS) reward: 1% (≈0.01 BEAR)
  • Masternode reward: 90% (=0.90 BEAR)
  • Public fund: 9% (=0.09 BEAR)

By following parameters, we'll have:
  • ≈ 21 600 newly created coins every month
  • ≈ 216 coins - total monthly staking reward
  • ≈ 19440 total monthly masternode reward for all active masternodes (example: ≈ 19440 / 300 active masternodes ≈ 64,8 BEAR coins montlhy each masternode)
  • ≈ 1944 coins monthly will go to public fund.

All expenses will be covered by public fund; however dynamic growth and additional development expenses can be achieved only if coin value will be much higher. Example for better understanding - Let’s take BTC value ≈ 10 000 USD, in this case:
  • 1 BEAR coin value is 20 sats; 1944 BEAR ≈ 0.000388800 BTC ≈ 4 USD monthly (coin extremely undervalued)
  • 1 BEAR coin value is 200 sats; 1944 BEAR ≈ 0.003888000 BTC ≈ 40 USD monthly (basic maintenance monthly costs - servers, domains etc..)
  • 1 BEAR coin value is 2 000 sats; 1944 BEAR ≈ 0.038880000 BTC ≈ 400 USD monthly (we can spend money for promotion across internet - banners, blogs, youtubers to get new investors on board and that way increase coin value)
  • 1 BEAR coin value is 20 000 sats; 1944 BEAR ≈ 0.388800000 BTC ≈ 4000 USD (we can hire new developers, create new apps and increase coin value by coin usability)
  • sky is the limit...

Note: ≈ symbol mean "approximately equal to"


Official links:





Parners and Exchanges:

Currently you can trade BEAR coins on following exchange platforms:


Masternode Hosting Providers:


Note:
Cold masternode hosting - you will keep coins in your own private wallet.
Shared masternode hosting - not your keys, not your coins - you will keep coins in provider's wallet.


Informations about swap:

Initial amount of BEAR Coins 9 350 860 BEAR Coins = 5 566 895 VoytekBEAR Coins in circulation (snapshot height) + 3 733 965 CMTR Coins in circulation (snapshot height) + 50 000 swap costs for CMTR dev. Swap ratio 1:1.

Snapshot block heights:

  • 860000 VoytekBEAR
  • 630000 CMTR

Current value of coin, actual stats of swap/coin/masternodes and swap procedure description you will find on our website https://bearcoin.net/ After swap deadline (01-01-2021), unclaimed coins will go to masternode owners and to public fund in scheme 50%-50%. Example: If at day 01-01-2021 we will have 1 000 000 unclaimed coins then:

  • 500 000 coins will go to public fund (can be spend for promotion and development, read more: understanding economics)
  • next 500 000 will go to masternode owners in scheme: 500 000 coins / 365 days = 1370 coins daily / active masternodes (example: let's take we have 300 active masternodes every day, then bonus reward everyday will be 1370/300 = 4,56 BEAR/1 masternode)

Note: If will be more (than 1 000 000) unclaimed coins then we need extend bonus payout period to keep market price stable. In this case we will discuss with community as & when - but most probably we will keep additionnal bonus payments in scheme: 500 000 coins / 365 days = 1370 coins for every payout day. After 01-01-2021 we will provide additionnal public stats for every bonus payouts with details on our website.