Quote from: Strugg on May 30, 2014, 06:55:26 PM

Quote from: scottlilo on May 30, 2014, 04:00:54 PM

Quote from: Strugg on May 30, 2014, 03:20:57 PM

OFFICAL ANNOUNCEMENT

Becouse of the Community's wish we have decided to change total amount of SummerCoin 2.0 coins to 50,000,000
Becouse of that swap ratio is 1:1
Here's the full and updated specification:

Algorithm: X13 POW/POS
Symbol: SUM2
total coin: 50,000,000
Block reward: 1500
POW max height: 14000 - 7 days POW only
Block time: 30 seconds
Retarget: dfficulty will adjust dach 25 blocks, and at block 250, adjust dach block
Min age: 4 days
Max age: unlimited
Confirmations on Transactions: 3
Confirmations on Mined Blocks: 60
Stake interest: First Year: 20%
Second Year: 10%
Third Year goes on: 5%
PREMINE: amount of coins on the SUMv1 Chain (swapped at 1:1 ratio)
RPC port: 33333
P2P port: 33330

Like You can see Your suggestions are important for us! Wink

- Strugg, SummerCoin Foundation Manager

I'm sorry im confused -- are the coins generated from the 7 day POW portion, already included in the 50,000,000 total coins?

How much of the 50,000,000 is coming from the previous summercoin swap ?
How much of the 50,000,000 is coming from the 7 day POW portion?

Thanks - sorry if this was answered already

Since we will swap SUM1 to SUM2 by ratio 1:1 we will be mining the exact amount of coins on the SUM1 chain on the first block, thereafter what's left od 50,000,000 will be given out for the POW phase. After POW will be POS.
I hope You are satisfied with this explanation Wink

Thanks that was quite clear!