Can't believe devs are still trying to pull that "charity" stunt... Dude, just premine and that's it, you'd have saved people a lot of time and money
It's not for charity. It will be used for a contest and some future development. The problem with a single premine is that people get scared of a dump as soon as it gets in an exchange.
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BoardAnnouncements (Altcoins)
Re: [PRE ANN] Aleacoin - First completely random coin ! Bounty for coin name !
by
Unpredcoin
on 22/07/2014, 20:27:44 UTC
Due too the many forks and pools issues, the coin will be relaunched if it can be fixed. Please stop mining at the moment !
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BoardAnnouncements (Altcoins)
Re: [PRE ANN] Aleacoin - First completely random coin ! Bounty for coin name !
PoW has a hardcoded limit of 100k blocks. But it will probably stop before. The stop probability will start at block 10k and then increases each 4k blocks.
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BoardAnnouncements (Altcoins)
Re: [PRE ANN] Aleacoin - First completely random coin ! Bounty for coin name !
About Aleacoin will be the first random and unpredictable coin !
- Random block reward - Random number of total coins - Random start time
The main goal of this coin is not to be another pseudo-serious revolutionary coin. It will be a new cryptocurrency experience and will bring a different way of trading. As the total number of coins can't be predicted, how will miners and traders handle their coins ?
Technical Specifications
Algorithm: X15 Total Coins : Random with limits Block Times: 60 seconds PoW Blocks: Random with limits (3 days min) Block Reward: 1 to 500 Block maturity : 80 PoW / PoS : Hybrid PoW & PoS PoS interest : 1% annualy Premine : The 10 first blocks will be premined for bounties but those will be random rewards also. 1.5% to foundation wallet for development support, future bounties and for the contest.
Bounties 1st block : Coin name => McNulty 2 & 3 : Logo => Sn0op 4 & 5 : OSX wallet 6 : 1st pool => http://alea.cryptoday.info