[ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
SOCIAL NETWORK COIN
INTRO
- SNCoin is the first crypto-currency based on Bitcoin Theory rewards social media popularity.
- Proof of Popularity(PoP) and Proof of Work(PoW) both works in SNC System.
- SNCoin is designed with energy conservation and fair distribution in mind.
- Shared Weight from Friends Later Mechanism(SWFLM) made possible to quantify the popularities of social media users.
- Avoiding Botnet Attack while being friendly to Key Opinions Leaders.
- Mining with SCRYPT algorithm.
SPECIFICATIONS
Block time : 1 minute
Difficulty Retarget : every block
Nominal Stake Interest : 1% annually
Min Transaction Fee : 0.0001 SNC
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Fees are paid to miners
Confirmations : 10
Maturity : 500
Min Stake Age : 8 hours, no max age
P2P Port : 15712
RPC Port : 15713
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Proof of Work : 59940000000 SNC
Algorithm : SCRYPT
Block Reward : 6000000 SNC, no halving
Height : 11 - 10000
MECHANISM
Weight = Max(6, Friends * (1 + Min(3, Followers / Followings)))
SharedWeight = Weight / Followings
PV = Sum(SharedWeight)/ 6 + Weight
DISTRIBUTION SCHEDULE
In total, the amount of SNCoin is 60,000,000,000 (60 billion).
- 20 billion coins will be fairly distributed among users according to their individual Proof of Popularity(PoP) PVs calculated in according to SWFLM and SNCoin Distribution Mechanism.
- 20 billion coins will be mined by miners on the basis of Proof of Works(PoW) and Mining Mechanism.
- 6 billion coins are scheduled for First IPO of SNCoin.
- 12 billion coins are scheduled for Second IPO of SNCoin.
- 2 billion coins rest are reserved for R&D and Business Operation teams of SNCoin.
6 billion SNCoins will be distributed in First IPO
BTC Address 1NDZLAfndv5rMj2gbgysC9fZaPM2Ta8TDo
LTC Address LastFZppJJPyeZE2535hw7eAHuWrK578VZ
The volume of BTC approach in this stage of IPO is 3 billion SNCoins.
The volume of LTC approach in this stage of IPO is 3 billion SNCoins.
(more IPO details referencing the WHITE PAPER)
[ First IPO Period ] 00:00:00 on July 17th, 2014 ~ 00:00:00 July 24rd, 2014
DISTRIBUTION START-TIME
Upon finishing the development of SNCoin QT Wallet, SNCoin Official Website and Official SNCoin Distribution Platform.
APPROACH
See more informations in our WHITE PAPER : https://mega.co.nz/#!Md5TgCoS!K17COVm7hKQ4tCXGPytk4fRk9nUVfbMBRHKDdmdh1gs
CONTACT US
Email : contact@sncoin.org
PS: For better network promotion of SNCoin, we need AGENT TEAMS all over the world (for different social-medias) who could share specific quota of reserved coins. Just email us if you are interested in.
