Re: [PRE-ANN][RKN] RedKoin - A Glorious Coin For The Glorious State [POLL]
Yes, I'm surprised it was noticed so quickly. It was much fun to write.
I have gotten few PMs asking logistics. To clear confusion, RedKoin will not be Proof of Work after launch. The premine will be Proof of Work, and then distributed completely using a faucet. The faucet output will follow equation: y=10000(1-0.5)^x/x+1
At launch, faucet will give random output between 0 and 5000 RKN to each user. At end of first day, output will reduce to between 0 and 1200 RKN. After eighth day, faucet will only output between 0 and 1 RKN. This is to encourage early adopters and prevent inflation later on.
Numbers listed above are based on a 50% premine. Premine percentage is still up for vote in OP.
I have gotten few PMs asking logistics. To clear confusion, RedKoin will not be Proof of Work after launch. The premine will be Proof of Work, and then distributed completely using a faucet. The faucet output will follow equation: y=10000(1-0.5)^x/x+1
At launch, faucet will give random output between 0 and 5000 RKN to each user. At end of first day, output will reduce to between 0 and 1200 RKN. After eighth day, faucet will only output between 0 and 1 RKN. This is to encourage early adopters and prevent inflation later on.
Numbers listed above are based on a 50% premine. Premine percentage is still up for vote in OP.
I'm a bit of a history buff so I started cracking up reading it especially that part about the AMD graphics card shortage.
In regards to the faucet, that seems like a cool way of distributing coins. I'm definitely interested, do you have a website up?