LAX - Decentralizing the Future

http://laxcrypto.org/img/logo.png

Website: http://laxcrypto.org/

LAX is a 100% Proof-of-Stake (PoS) digital currency, which is based on a fork of the well-known NXT. We are concentrating on a better and fairer long-term distribution, as well as the implementation of new features.

Team

http://i.imgur.com/OyB3FZE.png

LAX is currently developed by 1 person - Jerry Rush.
You can find my resume here: http://laxcrypto.org/resume/index.html

Social Media

Facebook: https://www.facebook.com/laxcoin/
Twitter: https://twitter.com/laxcoin/
Reddit: http://www.reddit.com/r/laxcoin/

Timeline

Initial Public Offering: 27 April 2014 - 30 May 2014
Release of final website: 30 May 2014
Release of download links: 31 May 2014
Launch of LAX: 1 June 2014

Specifications

Maximum Coins: 1,000,000,000
Block time: 1 minute
Pure Proof-of-Stake
First Fork with Asset Exchange!
Alias System
Webclient/Brainwallet
Marketplace

Screenshots (in progress)

Wallet:

http://i.imgur.com/n65FctN.png

Marketplace:

Distribution

The major part of LAX will be distributed throughout the Initial Public Offering (IPO). 10% are guaranteed to be distributed by bounties and 5% are reserved to the developers behind LAX. After that the only possibility to earn them is by forging a block and thus getting the transaction fee. Therefore its only necessary to keep the client running, so it is able to calculate new blocks.

The total number of LAX is 1,000,000,000. No new coins are generated, there is no inflation, only redistribution!

IPO Plan (starting now)

Two stages of the IPO will take place. At the end of each stage, the total reward amount will be divided proportionally between each investor, according to the following formula:

Reward = Amount * (Personal Investment / Total Investment)

Total amount to be distributed throughout the IPO: 850,000,000

First stage:

Duration: 27 April 2014 - 16 May 2014
Coins to be distributed: 500,000,000

Second stage:

Duration: 16 May 2014 - 30 May 2014
Coins to be distributed: 350,000,000

Your LAX will be delivered immediatly after the release of the download links.

Please send the desired amount to the following IPO Wallet Address: 1NaWwRudBETPKjSxKbYCMKBy7ZnF2c5sEe

Blockchain: https://blockchain.info/address/1NaWwRudBETPKjSxKbYCMKBy7ZnF2c5sEe
Spreadsheet: https://docs.google.com/spreadsheets/d/1AQ2RWQNqSTzm3DVGQgaT-MJf8rO9ejuvHMZm6jra3M0

After you sent your investment send an email to - info@laxcrypto.org - with the following information:

Transaction amount (BTC):
Sender address:
Transaction ID:

Your investment will be confirmed within 24 hours and added to our spreadsheet.

Bounties

Total amount to be distributed: 100,000,000
Spreadsheet: https://docs.google.com/spreadsheets/d/1T9Pl_jm_10tZwLrLjnbXp2CO9pLYFw1KdIIiMcNmBeo/edit?usp=sharing

Translations: 1,000,000 / translation

Portugese: https://bitcointalk.org/index.php?topic=586084
German: https://bitcointalk.org/index.php?topic=586442
Italian: https://bitcointalk.org/index.php?topic=586467
Russian: https://bitcointalk.org/index.php?topic=586767
Chinese: https://bitcointalk.org/index.php?topic=586977

First Exchange: 15,000,000
First Shop: 15,000,000,000
Promotion / Marketing: 20,000,000
Multipool: 30,000,000

Media

Downloads: release on launch!
Faucets: release on launch!
Explorers: release on launch!
Exchanges: release on launch!
Multipools: searching dev, bounty available!

Merchants

TBA

Development list

- Marketplace
- Dev Resume
- Decentralized Forum
...

UPDATE #1:

Due to high demand I uploaded a short resume of mine. Please note that the resume is not fully finished yet.
You can find it here: http://laxcrypto.org/resume/index.html