The purpose of this post is, first of all, to find like-minded people and declare your idea
before it is stolen.
Cryptocurrency ResPubliqa (Common cause)Cryptocurrency is conceived as an investment tool and the best means of payment. Most cryptocurrencies do not have proper economic control, for this reason they are a tool of hype (ALL CRYPTOCURRENCIES?). They consume large amounts of electricity (POW), causing energy crises and a lot of attention from punitive government agencies around the world.
We went the other way and to solve all these shortcomings, we came up with a simple mechanism that will be used in our project.
Smart economy on blockchainThe ResPubliqa cryptocurrency uses a mechanism for constantly changing rewards.
There is a starting target price of 1 RSQ which is $0.1.
There is also a stated % return per month, which is based on an estimated miner audience growth = 10%.
When the price of a coin falls below the stated one, we change the block reward according to this formula:
Rb - ((if) Dp%) = newRbWhere, Rb - block reward
(if) - if it happens
Dp% - price drop in %
This is the general principle by which the value will be adjusted. The essence of this principle is that if we have a fall, all participants must remove their coins from the market and put them in cold stake nodes, or in masternodes (if they have enough RSQ).
And this value remains until the price returns to the previous level.
We offer coin holders - sell more expensive, but within a certain period.
Each time this value is adjusted to stabilize the markets and added to the new version.
The fall causes a decrease in mining profitability and reduces the emergence of new coins. This function only works if the price falls below the planned announced price and reduces the generation of new coins by % of the decrease.
This allows the cryptocurrency to have a stable firm exchange rate and minimize the risks for trading and investment.
Most importantly, this makes it possible to use the currency as a REAL COMPETITIVE PAYMENT. And in combination with a cold stake, it allows you to replace bank instruments of diversification in deposits.
Thanks to the control of rewards based on real economic data, it makes cryptocurrency the most reliable investment tool, combining the best properties of fiat currencies and the first cryptocurrency - BTC.
100% decentralization makes the currency one of the safest in the world.We ignore the price increase above the planned one and open the way up, but we react to the price drop below the critical one - thus we guarantee the price return to the stated value.
Masternodes or Cold Staking?Given the choice of what to use to make a profit in mining ResPubliqa
Masternodes require 5000RSQ and a separate dedicated server, but at the same time their profitability is equal to 80% of the total reward.
Cold staking does not require anything other than having an RSQ of 100, but still gives 20% of the total reward.
Official staking nodes will be created and anyone can open their own in two clicks. They will be displayed in the user's wallet.
It is NOT POSSIBLE to remove sent coins from staking nodes. This is a very important tool that will give the ResPubliqa market unprecedented (in the cryptocurrency market) reliability.
Planned price increaseCryptocurrency will grow and will gradually increase in price every certain cycle (from six months to 10 months)
Starting price = 0.1$
Price increase every cycle = X2
This means that for each cycle, any participant will earn 100%. The cycle can also be reduced, as previously mentioned, up to 6 months with rapid growth.
Currency presaleAt the time of writing this post, the protocol for its implementation has not yet been agreed. I hope for the support of those interested in how they want to see it. Personally, I am willing to host publicly and openly on bitcointalk.
But for now, here is the information:
Total Pool Size = 210,000 RSQ
% per developer (for infrastructure maintenance and a coffee sandwich without sugar) = 5% (10500RSQ) Smiley
Quantity for presale to users = 199,500 RSQ (95%)
A small summary.We have today the opportunity to make the greatest cryptocurrency that can compete with giant investment funds. Financial freedom for everyone!
Developers, contributors, investors and just good people are invited to join and support us.
Thank you for your attention, see you soon.
Chat group -
https://t.me/ResPubliqa_chat