Humans Care Foundation: Childhood (HCFC) - Ethereun based token, developed HCF
123456789101112131415161718192021222324252627282930313233341234567891011121314  HCFC is a token based on the Ethereum blockchain with the ability to mine on GPUs via a smart contract. Humans Care Foundation: Childhood HCFC's mission is to raise funds for African children who need help. About project HCFC (Humans Care Foundation: Childhood) is a product of the Humans Care Foundation. Since the publication of the source code, the network is available to miners. The issuance of tokens for miners is stored on the "PoW General Wallet". Tokenomics are prescribed in such a way that the mining period is about 3 years (without activating the token burning system). After performing a smart contract for mining tokens on the PoW algorithm, the network switches to the PoS algorithm. Reward distribution comes from the "PoS General Wallet" Project tokens During the token development phase, 4 000 000 HCFC is allocated from the main issue. Wallet addresses and information about them are posted on official resources on the day the source code is published and mining is launched. Charity share - 3 000 000 HCFC (75% project tokens) The charity programs will be funded from the proceeds of the sale of HCFC on the exchange. The official resources of the project will publish timely reports on the implementation of the budget of the charitable foundations partners, as well as photo/video content of the conducted actions and programs. Launchpads and airdrops share - 200 000 HCFC (5% of project tokens) Conducting launchpads and airdrops is aimed at increasing the community and the number of active users, as well as attracting additional funding to the project Developer share - 800 000 HCFC (20% of project tokens) Developer's share is used to develop and maintain the technical part of the project, as well as to scale the eco-system of HCF. Technical Data Tokens are stored in the main wallets "PoW General Wallet" and "PoS General Wallet", from these wallets the reward is distributed. Blockchain - Ethereum Algorithm - PoW/PoS Total supply - 21 000 000 HCFC "PoW General Wallet" - 5 000 000 HCFC "PoS General Wallet" - 12 000 000 HCFC Project tokens - 4 000 000 HCFC Project Launch - 24.01.2022 PoW stage Block time 30 minutes Block reward 93 HCFC Daily reward 4 464 HCFC Approximate time of mining 1 120 days (without activation of token burning system) PoS stage PoS stage is activated after the end of the PoW stage, when all tokens from the "PoW General Wallet" will be mined by miners. At the same time, validators have the ability to launch the PoS stage before the set time. There are two possible scenarios: 1. Stopping the PoW stage, burning the tokens remaining in the "PoW General Wallet" and moving to the PoS stage. 2. Launching the PoS stage together with the PoW stage. In this case, miners continue to mine tokens from the "PoW General Wallet", and validators receive remuneration from the "PoS General Wallet". Mining HCFC mining is possible only with the help of graphics processing units (GPU). Requirements to the equipment for mining - minimum video card RAM size for mining 4 GB Remuneration is distributed from the "PoW General Wallet". Mining is available from the moment of publication of the source code. To start mining, you need to download and install the official software (freely available on official resources) on your equipment. There are two options for mining: Mining solo Connecting to an Ethereum node (dedicated node, or INFURA or similar service) The recipient of the reward must have ETH in his wallet to pay for the gas to interact with the smart contract when sending the solution. Mining in a pool When mining in a pool - the pool takes care of the gas payment. Accordingly, the pool takes a commission when paying out tokens. The miner is posted on the official GitHub.  Token burning system The token burning system is implemented in such a way that when the network complexity index (hash rate) drops by 30% from the last peak, the token burning mechanism from the "PoW General Wallet" is triggered. 30 tokens are burned during the time it takes to solve one block. Burning has no effect on the miners' remuneration. Token burning stops when the network complexity is restored to the value at which token burning began. The token burning system is activated 6 months after the start of the project  Wallets Users can use all available cryptocurrency wallets that support Ethereum network tokens (Metamask, Trustwallet and others) to store HCFC. Instructions on how to add HCFC to your wallet can be found on the official Discord and Githab            |