Unlike other cryptocurrencies, the Satoshi Coin would implement novel consensus mechanisms, designed to be more energy-efficient and ecofriendly, while maintaining the core principles of decentralization and security.
🌐Website:
https://satoshicoi[Suspicious link removed]o/
💬Telegram:
https://t.me/SatoshiCoinETH🐦Twitter:
https://twitter.com/SatoshiCoinETHPoCP Is A New ProtocolProof of Computing Power (PoCP) is an innovative and eco-friendly coin mining algorithm that sets a new standard in the world of cryptocurrency. Unlike traditional Proof of Work (PoW) or Proof of Stake (PoS) algorithms, PoCP harnesses the existing computational power of users' computers without consuming any additional resources to produce new coins.
The core concept of PoCP revolves around reading the computer's specifications, such as CPU, GPU, and RAM, to determine the power it contributes to the network. Based on this analysis, the algorithm then calculates the rewards that the user is entitled to, making it a fair and transparent system for distributing coins.
Both mining and staking will use the PoCP protocol and rewards will last until 2050, to ensure all SAT is rewarded during our lifetime.
Mining, Staking With PoCP And The Halving Events- Run the app and mine SAT, no SAT required, this ensures adoption of new participants in the ecosystem
- Stake and mine SAT, stakers get a much higher reward rate than Non-SAT holders
- Using PoCP, your system and holdings determines your reward rate
- Mining and staking lasts until 2050, so this is a long term rewards system like Bitcoin mining
- Satoshi Coin will have a halving event each year, this event will half rewards each year until 2050
- Due to yearly halving, rewards start off being larger and as the years go by the reward rate reduces making the token scarcer which should drive price as users will need to stake more to earn the same rewards as the previous year
- Available on Windows, MacOS, Linux, Android and iOS
Tax is 5% and is used to fundmarketing and development as well as buy WBTC on the Ethereum network. The contract has a safeguard in place where the taxes cannot be increased past 10%. This gives added peace of mind to investors.
WBTC BUYBACKS & REWARDS1% of the tax is used to buyback WBTC. The WBTC will be used to reward the most loyal holders. These are holders which pass certain criteria in terms of holding the Satoshi Coin (SAT) token. A snapshot will be made a certain intervals, if holders have met the criteria up to this snapshot, they will be able to claim WBTC from the Satoshi Coin app.
JEET PROTECTIONJeet protection is something that is needed to protect investors from short-term traders. Short-term traders invest to scalp or swing a token for quick gains/profits which can hurt the chart outlook to new investors. Satoshi Coin has a jeet protection system which does a few
things:
• Encourages long-term investors to invest
• Discourages short term traders
• Protects the price and forces investors to exit slowly
After buying the jeet protection system allows an investor to exit 10% of their tokens per day. This means that buy pressure will outweigh sell pressure in most cases, especially at launch, to allow us to grow and build a positive outlook for investors and serious speculators.
THE SAT CONTRACTSecurity is the most important aspect of a token and the contract is top of that list. The Satoshi Coin contract has security limits in place to prevent malicious behaviour which allow to act as renounced even though it is not renounced.
• Tax limits of 10%
• Max wallet can only be increased not decreased
• Cannot pause trading
• Cannot blacklist wallets
• Cannot mint new tokens
• 21M supply is fixed and is the max supply
All of these allow our contract to remain un-renounced but act as a renounced contract.
WHAT IS POCP? A NEW STAKING MECHANISMIntroducing Proof of Computing Power (PoCP): A Revolutionary, Environmentally Friendly Coin Mining Algorithm
Proof of Computing Power (PoCP) is an innovative and eco-friendly coin mining algorithm that sets a new standard in the world of cryptocurrency. Unlike traditional Proof of Work (PoW) or Proof of Stake (PoS) algorithms, PoCPharnesses the existing computational power of users' computers without consuming any additional resources to produce new coins. The core concept of PoCPrevolves around reading the computer's specifications, such as CPU, GPU, and RAM, to determine the power it contributes to the network. Based on this analysis, the algorithm then calculates the rewards that the user is entitled to, making it a fair and transparent system for distributing coins..
POCP ADVANTAGES1. Security: To ensure the robustness of the algorithm, it's
essential to implement rigorous security measures to prevent
potential attacks or vulnerabilities. Conducting regular audits and
seeking input from the broader community can enhance PoCP's
security.
2. Scalability: As the network grows, scalability becomes crucial
to maintaining efficiency. Continuously optimizing the algorithm
to accommodate a larger user base and network growth will be
vital for the long-term success of PoCP. This will be valid when
the Bitcoin fork happens.
3. Incentive Mechanism: To further motivate users to participate
actively, consider exploring additional incentive mechanisms
beyond just coin rewards. Introducing staking or governance
features could enhance user engagement and commitment to
the network.
4. Community Engagement: Foster an active and engaged
community around PoCPby providing resources, hosting
events, and encouraging open discussions. Strong community
involvement can lead to valuable feedback and improvements.
REWARDS & HALVINGRewards are earned via mining and staking and rewards will last until 2050 and Satoshi Coin will have a halving event each year, this event will half rewards each year until 2050. This means rewards start off being larger and as the years go by the reward rate reduces making the token scarcer which should drive price as users will need to stake more to earn the same rewards as the previous year.
Rewards can be earned in a variety of ways in Satoshi Coin.
• PoCPStaking
• WBTC Loyalty Rewards
PoCPStaking rewards are rewards earned via our PoCP app on Windows, Mac, Linux, Android and iOS. These are based on your computational power (CPU,GPU and RAM) and your holdings. A more powerful computational profile will yield higher rewards.
Rewards will last until 2050.
REWARDSThe Satoshi Coin apps will provide a full dashboard for mining, staking, deposits, withdrawals, claiming and many other stats and historical data about rewards as well as PoCPstats. Rewards are calculated using our own scoring algorithm which is based on the hardware of a users system, the better the score, the better your earning rate when it comes to mining and staking SAT tokens.
Rate = Daily Reward Rate / Total Network PoCPPower * My PoCPPowerThis will give users their own reward rate per day, improving hardware can improve your daily reward rate.
ROADMAPHeavy MarketingThis includes reaching top influencers, callers as well as lsiting on the top crypto sites such as CoinMarketCao, CoinGecko, Dextools. Dextools trending and Dextools ads too as well and much more.
PoCP StakingPoCP(Proof of Computing Power) is staking based on system specifications. Anyone can run a PoCPnode but holders will get a better earnings boost than non-holders.
Proof Of Stake AppAn app which will allow you to manage your PoCPnodes and boost your earnings rate.
Bitcoin Rewards App1% of all taxes go towards BTC rewards as a loyalty program for the most loyal holders. This app will allow you to manage your rewards such as claim them or re-invest them.
Tier One CEX ListingsTier One CEX listings are all we will focus on, we will not waste time on sub standard CEX listings.
Bitcoin ForkSatoshi Coin will create a new fork of BTC once adoption is achieved on our PoCP protocol.
CONCLUSIONIn conclusion, Proof of Computing Power (PoCP) introduces an innovative and eco-friendly approach to coin mining, revolutionizing the cryptocurrency landscape. With its focus on environmental sustainability, accessibility, and fairness. PoCP has the potential to attract a wide range of users and establish itself as a leading algorithm in the world of cryptocurrencies. By continuously seeking improvement and engaging the community, PoCPcan pave the way for a more inclusive and sustainable digital currency future. Satoshi Coin is here to change the landscape and provide investors a safe and unique way to earn rewards in many ways whilst been involved in the protocol.