Linearcoin
Every day on this forum, a new alt-coin is created offering little change in innovation and merely re-brand the coin it was based off of. A fair number of these coins are scams that are extremely pre-mined. This enables the developers to artificially inflate the value of their coin and make a large profit. These coins are completely worthless offering nothing new to the community. Except today...
I am proud to announce, LinearCoin [LNC]
What is linearcoin?
Linearcoin is a new crypto-currency featuring a block reward that decreases in value in a linear fashion after each block. With block 0 starting at 50 Coins, the reward will gradually decrease linearly by 0.00005. The gradual reduction of reward will help mitigate inflation and Pump/Dump schemes. Panic and other chaos can be completely avoided as the coin never halves, the reward gradually gets smaller, and smaller. This will ensure a constant stream of hashing power to the network, as the incentive to mine will always be there. The block reward will keep decreasing until the reward hits 0, creating a total of 25,025,025 coins! With new blocks being generated every 5 minutes, you'll have the opportunity to mine for ~9.5 years. This time will allow for steady growth of the coin and it's acceptance or destruction by the community.
When is linearcoin launching?
Linearcoin will officially launch on June 21st @ 16:00 GMT.
Countdown: https://www.altcoincalendar.info/coins/541-LNC
and here: http://altcoinherald.com/altcoin-launch-calendar/
and here: http://www.cryptolaunch.net/linearcoin.html
Technical Specs
No IPO, No POS, < 0.001% Premine, No worries!
POW Algorithm: X11
Total Coins: 25,025,025 Coins
Block Time: 5 Minutes
Confirmations: 6
Block Maturity: 60
Difficulty Re-target Time: Every Block (KimotoGravityWell)
Halving Rate: Decreases 0.00005 Coins every block
Mining Window: ~9.51 years
P2P: 9553
RPC: 9552
Updates:
6/15 - We have 5 pools ready to begin mining on launch!
6/14 - Only 7 days left until launch!
6/12 - Added yet another pool!
6/11 - 3 Pools are now ready to mine Linearcoin.
6/10 - ATTENTION POOLS: Make sure you note the change in block maturity and confirmations.
Bounties
I'm looking at you pools and exchanges.
500 Linearcoin: First Exchange
300 Linearcoin: Second Exchange
100 Linearcoin: Mac Wallet*
100 Linearcoin: Linux Wallet*
* source code to be released on launch date
Download
Need to store your savings? Put them in your wallet!
Coming 6/21 @ 16:00 GMT
Pools
If you plan on mining, here are a few pools to get started.
http://lnc.pool.mn
http://linear.suchpool.pw
http://linear.ssdpool.com
http://lnc.hashlink.eu
http://linear.cryptoday.info
http://eu-pool.mine.nu
http://xhash.net
Exchanges
Searching and searching...
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How do you have a "<0.001% premine" (which would be 250 coins or less) while offering up at least 1000 coins in bounties? Are these bounties supposed to be paid by the pools? Or maybe the premine is actually 25,025 coins, which would be a "<0.1% premine"? I'm guessing the latter, as the 25025025 total coins with 1000000 blocks would make that work mathematically. Obviously, being off by a factor of 100 in your text is more than a bit concerning. If you can't do math properly, why should anyone trust you to make a proper cryptocurrency and keep it running for 9.51 years?