AustraliaCoin will be available to give Australians and international investors the chance to embrace and accept Australia Coins as an alternative funding method.
Australia is one of the stongest and resiliant economies in the world with continualy low unemployment and stable growth. In recent years, the Australian economy has been under a mining boom, offering long term stability for both the local economy and investors.
The aim of Australia Coin is to help make the transaction from traditional payment methods to crypto currencies far easier and supported. This will be a once in a lifetime chance to invest in one of the world's strongest economic coins.
Launch on April, 6
How it will work. Distribution of coins will be done in 3 ways. 1. 3% IPO for investors looking to secure Australia Coins prior to release. 2. 0.5% Premine for Development. 3. 0.5% Premine for Bounties - First 50 stores will be split for the bounty of .5% 4. Mining- Coins will be available through mining at 8000 coins per block, halving every 2 years.
Specifications AustraliaCoin AUS Block Times: 30 seconds. Scrypt Port: 17050 RPCPort: 17051 Total Coins- 40 Billion Block Rewards 8000 coins per block halving every 2 years. Fair launch - First 100 blocks will be 1 Coins
The IPO consists of the 3% premine being offered to initial investors. The total amount of BTC received will be divided and distributed to investors 24-48hrs after launch.
How to enter the IPO. 1. Send BTC amount you wish to contribute to the IPO. The official and only address is
4. IPO investors will be contacted shortly after launch for IPO distribution.
Investors can at any opportunity request the initial test client which will be made available via pm. This will be a modified version of the final client which investors are encouraged to test mine in sandbox. No source only the final test client. For Investors Only. Available from this saturday the 29th.
Mining AustraliaCoins. Mining AustraliaCoins is done with cgminer. Settings-
