RIGGCOIN [RIGGS] | POS |120% Interest | Backed by mining rigs |

CHOOSE TO BE MINER, INVESTOR OR TRADER

THE IDEA

The idea behind Riggcoin is simple. Cryptocurrency backed by a very large GPU farm, consisting of 300 mining rigs, delivering a total of 3GH/s (X11) , and a website for leasing mining power.

HOW CAN YOU INVEST?

We will host an IPO, where you will have the chance to buy all available Riggcoins (RIGGS). The total amount of RIGGS will be 300, as there will be 300 mining rigs available. The price of one riggcoin will be 1 BTC. If any RIGGS are left unsold, they will be destroyed by the IPO host.

POS INTEREST

Every owner of RIGGS will earn interest on their investment. The interest is 10% per month, or 120% per year for the first year. For the second year, the interest will be 5% per month, or 60% annually. For the third and subsequent years 12% annually, or 1% per month.

SPENDING RIGGS

All riggcoins can be spent for renting mining rigs on our (future) website for mining GPU-friendly and ASIC-resistant algorithms (X11, X13, X15, NIST 5, etc.). You can rent 10 MH/s (X11 or equivalent) for 1 day for the price of 0.0034 RIGGS. One month of mining with 10 MH/s will cost you 0.1 RIGGS. So 1 RIGG can buy you 10 months of mining at 10 MH/s! Electricity and support included! You will literally own a mining rig, and not just some virtual currency!

WHY SHOULD YOU INVEST?

1.   Because this investment will not be a huge risk, like most of the altcoins in todays market. In fact, it will even be a secure investment, because you will literally own physical rigs, real mining equipment, not some developer promises for innovative technology.
2.   Because the interest is huge compared to most other POS coins. For example, if you own 1 RIGG for 1 month, the next month you can spend your interest on a real mining rig. You can rent a 10 MH/s (X11 or equivalent) for one month at literally ZERO cost! Only spending your interest, and not your initial investment! So mining altcoins will now be FREE! No more electrical bills, no more heat problems, no more hardware and software issues!
3.   Because this will be a limited-edition, multi-purpose altcoin. You can mine with it, you can trade it or you can invest even more and earn interest on it!

WHO ARE WE?

We are a group of miners and investors, located in Europe. Together, we form a large industrial-size GPU farm consisting of over 1000 GPUs.

HOW CAN YOU PARTICIPATE?

We would like to make RIGGCOIN an honest, professional and promising venture. This is why we decided to hire professional services for every step of its development. We have the farm, but we need a team of trusted and respected community members to take part in this project.

You can invest your time and experience and be paid in RIGGS! This is what we are looking for:
1.   Coder(s)/programmer(s) with experience in developing wallets.
2.   Website designer and developer for creating and maintaining our website.
3.   Graphic designer to create a logo for the coin and redesign this thread.
4.   Trusted member of the community - to do a vetting of the wallet source code.
5.   Trusted exchange or a member of the community to host the IPO.

If you would like to be a part of our team, please post in this thread or PM us. You can be paid either in RIGGS or in mining leases.

Help us do this right!