Information contained in this post is pre-launch and will be updated substantially in the coming days. This announcement is to ensure a fair launch for everyone.
Introducing Vector, a fair launch gaming server coin.
What? This is a services focused coin, where the innovation is intended to be not in the coin itself, but in the service it supports.
Why? We want to provide gaming servers at low or no cost to everyone who wants them. We love hosting and we also love crypto, so why not bring them together?
Where? Datacenter country on the eastern US is Northern Virginia. We have access to multiple colocation sites as well as personal fiber lines.
How? Funding is possible by using a crypto payment system and controlling costs with a gradual buildup of users and equipment. Test, Deploy, Perfect, Replicate.
The Service
Within just a few weeks, we will be opening up free hosting for a few games. Right now we have Minecraft and Valheim base servers ready to go. These servers will be free for life for those who sign up. That's right, a real product that you can test and even help grow, not just a coin with no purpose! A waiting list may apply for servers depending on demand. Right now costs are being kept at a minimum, as as demand grows so will our infrastructure. We are already pricing out Threadripper based server builds. If you want to be part of a attentive and frequently updated coin launch, then look no further. When available the server waitlist link will be posted here. To learn more about the type of servers we use or just to learn more about Vector in general, please visit
https://www.vectorevolution.com/The Coin
Coin Specs:
Algorithm- X11*
Supply- 2,100,000 (2 Billion 100 Million)
Block Reward- 1,000
Mining Reward- 50% of block reward
Masternode Reward- 49% of block reward
Masternode Coin Requirement- 50,000 Vector
Governance Reserved- 1% of block reward (this is only usable when voted on by coin holders)
Block Time- 60 Seconds
Difficulty Retarget- Every 5 Blocks
Premine- NO
Dev/Founders Rewards- NO
100% fair launch and mining- YES
*Why the X11 algorithm? Isn't that dead? Well.... mostly yes. Thousands of paperweight X11 ASIC miners are now available on the cheap, costing more in power than they produce in profit. We aim to change that. It's a solid algorithm and we hope Vector becomes a more profitable mining target for X11 miners. Mining rewards are 1% higher than Masternode rewards to compensate for the 1-2% fee that pool providers typically charge. Let's make X11 great again!
Reasoning for certain coin values
-1k Block reward is mostly arbitrary, but makes for larger individual numbers so users aren't stuck with fractional coins
-50k Masternode requirement is scaled off of the Dash Masternode requirement and should come out roughly equivalent for profit/expense
-Governance is kept low because it will likely not be utilized for some time, if ever. However the option is there is Masternode holders deem it necessary.
-Block and retarget times are kept low to keep the chain moving at a reasonable rate even with choppy difficulty if hashpower suddenly increases or decreases dramatically.
-Block and retarget times are kept low to keep the chain moving at a reasonable rate even with choppy difficulty if hashpower suddenly increases or decreases dramatically.
WALLET/SOURCE/UTILITIES LINKS
Links will be posted here on launch as well as on discord. Windows and linux wallets will be available at launch, as well as a mining pool and explorer.
Launch Date/Time: March 31 2021 @9PM EST
The Path Forward
Testing phase will conclude at some point with a move to a colocation environment. The timing of this will depend on demand and our personal funding. High demand is likely to correlate with a high coin value, which will make it easier to acquire more servers. Once a sustainable infrastructure is in place, we will offer premium servers in exchange for Vector or other payment methods. Payment with Vector will, by design, always be cheaper than fiat payments. Thanks for reading!