Title: [NEW][ANN][DRIP][GPU][POS][MASTERNODE] Private Transactions, Private Staking Post by: x.k0sh on May 10, 2018, 07:53:30 PM Note: There will be no mining pools required for this coin due to the approach we are taking (details below). The wallets, for multiple platforms, will be provided soon. This notice is being put in place to give awareness of the project to Bitcointalk members and allow them to join our Discord group at https://discord.gg/hS8kTrw so that they can be notified as soon as the wallets are released and the blockchain kicks off.
WEBSITE (http://www.dripcoin.tech) · DISCORD (https://discord.gg/hS8kTrw) · FACEBOOK (https://www.facebook.com/drip.coin.79) · TWITTER (https://twitter.com/DRIP_crypto) · GITHUB (https://github.com/DRIP-Project/DRIP) Decentralized Rewarding Instant Payments - DRIP Coin DRIP is an open source crypto-currency focused on fast private transactions with low transaction fees and minimal environmental footprint. It is a fork of the latest version of PIVX which now offers, among other features, private staking. At the beginning, DRIP will offer the additional feature of a portion of each block reward going to merchants and/or charities (further detail below). As a community governed coin with a different community to PIVX, this will only be the first in a long list of differences coming soon. Further information will be available in our whitepaper - which will be released on May 12th, 2018. DRIP utilizes a custom Proof of Stake protocol for securing its network and uses an innovative variable seesaw reward mechanism that dynamically balances 90% of its block reward size between masternodes and staking nodes - with the remaining 10% dedicated to community budget proposals. A further portion of the block reward is assigned to the last person to whom the PoS winner of each block has sent coins to. The purpose of this is to incentivise merchants to accept DRIP - as acceptance of DRIP will result in being paid for their product or service AND getting an opportunity for further awards. Should the miner of a block not have sent DRIP before, i.e. they have only set up a wallet and received money, the reward that would normally go to the merchant will go to a DRIP address reserved for charity. Coins in this address will be sold off at regular intervals and the proceeds donated to various charities. The primary goal of DRIP is to achieve a decentralized sustainable crypto currency with near-instant, private transactions, fair governance and community intelligence.
More information at [dripcoin.tech](http://www.dripcoin.tech (http://www.dripcoin.tech)) Coin Specs
*40,000 DRIP will be used to run four developer masternodes, resulting in a stable network. The other 250,000 coins will be distributed to the community using the various approaches detailed in our whitepaper and social media groups. These tokens will not be staked or used for masternodes during the distribution phase and any undistributed tokens will be burned on the day we list on an exchange. Reward Distribution
PoW Rewards Breakdown
PoS Rewards Breakdown
*After block 302,400, the reward split between masternode and staker will move from the seesaw algorithm to a fixed reward based upon whether the staker is staking DRIP or zDRIP. If the staker is staking zDRIP, they get 60% of the reward. Otherwise, they get 40%. The remainder goes to the masternode. Token Distribution Details Pre-Mine
Fundraising
Is there a better alternative to simply having DRIP mineable via the PHI algorithm for an initial period of time? How about requesting miners to mine LUX to a DRIP-operated mining pool and offering DRIP as payment in lieu of LUX:
Fundraising Goal
The buffer is to cover Lux price deviations from Bitcoin during the mining period. If the deviations work in our favor, we'll choose higher volume, more costly, exchanges. If the deviations move beyond 10%, and up to 20%, the team will cover the cost difference to get our listings. At today's rate, 2 BTC is the equivalent to 2420 LUX. With 230,000 DRIP to be distributed to miners, every 1 LUX should result in 99.13 DRIP (we'll round that up to 100 DRIP). There'll be a minimum payout on the pool of 0.1 LUX which will earn you 10 DRIP. If we are listed on our first exchange before the 230,000 coins are distributed to miners, undistributed coins will not be sold - they will be burned. OFFICIAL TOPIC:https://bitcointalk.org/index.php?topic=3710056.0 Title: Re: [NEW][ANN][DRIP][GPU][POS][MASTERNODE] Private Transactions, Private Staking Post by: Supercoiner111 on May 11, 2018, 12:25:57 PM Do you have whitepaper for the coin?
Title: Re: [NEW][ANN][DRIP][GPU][POS][MASTERNODE] Private Transactions, Private Staking Post by: yjupio on May 12, 2018, 01:51:59 AM Can you provide more information about this project? Any websites or links? Thanks
Title: Re: [NEW][ANN][DRIP][GPU][POS][MASTERNODE] Private Transactions, Private Staking Post by: lalaland97cute on May 12, 2018, 02:02:27 AM Looks interesting! I’m waiting for more details about project and take extra consideration
Title: Re: [NEW][ANN][DRIP][GPU][POS][MASTERNODE] Private Transactions, Private Staking Post by: lobeznosp3 on December 18, 2018, 07:56:16 AM Hello everybody,
We need a Devs to help the community, the discord link is: https://discord.gg/P5TMTUy (https://discord.gg/P5TMTUy) We are wating to swap to Merge Project https://discord.gg/HrDwMxs (https://discord.gg/HrDwMxs) but in meanwhile we need to fix the blockchain. The blockchain is stopped at block 302400. If the blockchain doesn't work we couldn't swap to Merge. If you see github: https://github.com/DRIP-Project (https://github.com/DRIP-Project): After block 302,400, the reward split between masternode and staker will move from the seesaw algorithm to a fixed reward based upon whether the staker is staking DRIP or zDRIP. If the staker is staking zDRIP, they get 60% of the reward. Otherwise, they get 40%. The remainder goes to the masternode. Can anybody help us? Thanks in advance. Title: Re: [NEW][ANN][DRIP][GPU][POS][MASTERNODE] Private Transactions, Private Staking Post by: lobeznosp3 on February 14, 2019, 06:55:49 PM ¡Hi DRIP community!
¡We have news about DRIP! The members of the community has been working hard to get this. We are going to swap to Merge in the next days. Enter in the DRIP discord channel to see the news at: https://discord.gg/P5TMTUy (https://discord.gg/P5TMTUy) and also in the Merge discord channel https://discord.gg/A9tMHUa (https://discord.gg/A9tMHUa) Regards. |