Griftcoin [GRIFT] | Get Grifted!
Basic Griftcoin Specs/Overview/Timeline
- 10,000,000 Total GRIFT
- PoW [2,500,000 GRIFT]
- X17 PoW Algo [1st?]
- 14 Days Only [10,000 Blocks]
- July 31st - August 13th
- 250 Coins/Block
- 10% of each PoW block goes to Development Team + Grift Foundation
- 2 Min Block Target
- GriftGravity Difficulty Adjustment [All-New, Cutting Edge]
- IPO A [2,500,000 GRIFT]
- Opens July 21st, Closes July 31st
- Price Determined by Market
- IPO B [2,500,000 GRIFT]
- Opens August 1st, Closes August 8th
- Fixed Price [IPO A Price + 10%]
- PoS + PoR [Proof-of-RAM]
- 10% Annual PoS + 10% Annual PoR for 180 Days
- 5% Annual PoS + 5% Annual PoR for following 360 Days
- 1% Annual PoS + 1% Annual PoR Standard [Until Max Coins]
- From Day 180 forward, 10% of all PoS coins go to the development team
Development team compensated as outlined above. Wallets will be released upon completion of IPO A when the 14-day PoW period begins.
Once we get all of the information updated and the website online, we will take all feedback into consideration and possibly make adjustments to the distribution/etc before opening the IPO. Obviously, without support and trust, this project will not succeed - we understand that. We believe most concerns will be minimized once the Grift Foundation is explained in detail, escrow services are in place, and established members of this community are elected to the board. However, our primary concern is establishing a successful cryptocurrency, business, and charitable foundation all while ensuring a profit for investors. Based on the information available right now, an informed decision cannot be made. Clearly we understand this which is why we will not open the IPO until all information has been made public. We do have intellectual property that will need to be protected and some other unique ideas that could easily be copied in a short period of time. All information will be released within the week and password-protected source and binaries will be posted shortly thereafter; passwords and GitHub source will be released simultaneously with the beginning of the PoW phase, scheduled for July 31st, 2014 00:01 UTC.
This is only the [PRE-ANN] | More info, including detailed technical specifications, previews, and business model coming soon | Bookmark this thread
