CloakCoin has demonstrated that the CloakSend 1.0 concept (anon via exchanges) works well in public testing. But during this process we discovered a better way to make anon, one that would not need exchanges or masternodes... a truely p2p decentralized system. A whitepaper is currently being produced for CloakSend 2.0.
The below diagram shows how CloakSend 1.0 functions.
Specs:
Total coins : 4.5 million PoW timespan : 7 days Algo : x13 Anon :Details of CloakSend 1.0 Pre-mine : none IPO : none PoW block reward: 496 Mining will stop after 10080 blocks (7 days) PoS minimum stake age: 6 hours Block time: 60 seconds PoS 6% Minimum age 6 hours Max age unlimited