Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: sncoin on July 16, 2014, 04:55:33 PM



Title: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: sncoin on July 16, 2014, 04:55:33 PM
SOCIAL NETWORK COIN


INTRO
  • SNCoin is the first crypto-currency based on Bitcoin Theory rewards social media popularity.
  • Proof of Popularity(PoP) and Proof of Work(PoW) both works in SNC System.
  • SNCoin is designed with energy conservation and fair distribution in mind.
  • Shared Weight from Friends Later Mechanism(SWFLM) made possible to quantify the popularities of social media users.
  • Avoiding Botnet Attack while being friendly to Key Opinions Leaders.
  • Mining with SCRYPT algorithm.



SPECIFICATIONS

Block time : 1 minute
Difficulty Retarget : every block
Nominal Stake Interest : 1% annually
Min Transaction Fee : 0.0001 SNC
---------
Fees are paid to miners
Confirmations : 10
Maturity : 500
Min Stake Age : 8 hours, no max age
P2P Port : 15712
RPC Port : 15713
---------
Proof of Work : 59940000000 SNC
Algorithm : SCRYPT
Block Reward : 6000000 SNC, no halving
Height : 11 - 10000



MECHANISM
Weight = Max(6, Friends * (1 + Min(3, Followers / Followings)))
SharedWeight = Weight / Followings
PV = Sum(SharedWeight)/ 6 + Weight



DISTRIBUTION SCHEDULE


In total, the amount of SNCoin is 60,000,000,000 (60 billion).
  • 20 billion coins will be fairly distributed among users according to their individual Proof of Popularity(PoP) PVs calculated  in according to SWFLM and SNCoin Distribution Mechanism.
  • 20 billion coins will be mined by miners on the basis of Proof of Works(PoW) and Mining Mechanism.
  • 6 billion coins are scheduled for First IPO of SNCoin.
  • 12 billion coins are scheduled for Second IPO of SNCoin.
  • 2 billion coins rest are reserved for R&D and Business Operation teams of SNCoin.


6 billion SNCoins will be distributed in First IPO

BTC Address    1NDZLAfndv5rMj2gbgysC9fZaPM2Ta8TDo
LTC Address    LastFZppJJPyeZE2535hw7eAHuWrK578VZ

The volume of BTC approach in this stage of IPO is 3 billion SNCoins.
The volume of LTC approach in this stage of IPO is 3 billion SNCoins.
(more IPO details referencing the WHITE PAPER)
[ First IPO Period ] 00:00:00 on July 17th, 2014 ~ 00:00:00 July 24rd, 2014



DISTRIBUTION START-TIME
Upon finishing the development of SNCoin QT Wallet, SNCoin Official Website and Official SNCoin Distribution Platform.



APPROACH
See more informations in our WHITE PAPER : https://mega.co.nz/#!Md5TgCoS!K17COVm7hKQ4tCXGPytk4fRk9nUVfbMBRHKDdmdh1gs (https://mega.co.nz/#!Md5TgCoS!K17COVm7hKQ4tCXGPytk4fRk9nUVfbMBRHKDdmdh1gs)



CONTACT US
Email : contact@sncoin.org

PS: For better network promotion of SNCoin, we need AGENT TEAMS all over the world (for different social-medias) who could share specific quota of reserved coins. Just email us if you are interested in. ;)


Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: SecondsOld on July 16, 2014, 04:55:58 PM
Wow, that's a lot of coins!


Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: BTMan on July 16, 2014, 05:00:25 PM
good coin.when will be mined?

pop


Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: UGETHIT on July 16, 2014, 05:00:54 PM
This will be on the doge trading markets.  at .00000001 btc the market cap would be 600 btc so $369,000 that won't happen.


Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: baby222 on July 16, 2014, 05:03:18 PM
nice coin , will keep on eye


Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: appbox on July 16, 2014, 06:19:50 PM
mark


Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: hellobilljoygo on July 16, 2014, 07:39:58 PM
How to get free of the IPO. Please let me know


Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: Amph on July 16, 2014, 07:43:20 PM
This will be on the doge trading markets.  at .00000001 btc the market cap would be 600 btc so $369,000 that won't happen.

he is forcing investors lol

what if someone just make a coin with a block reward of 100M with stupid high market cap? = dead coin


Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: bitpond28 on July 16, 2014, 07:46:37 PM
launch time?


Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: darkowenter on July 16, 2014, 07:55:36 PM
Is it worth to mine ?

https://i.imgur.com/OYB39mW.jpg


Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: sncoin on July 17, 2014, 02:42:53 PM
Wow, that's a lot of coins!

In fact, we are concerned more about the social-media popularity value instead of the exchange rate with Bitcoin.  :)


Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: sncoin on July 17, 2014, 02:49:30 PM
launch time?

Just updated. Thanks!  :)


Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: sncoin on July 17, 2014, 02:57:59 PM
nice coin , will keep on eye

Thanks a lot :D  We'll keep updating related progress!


Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: MisO69 on July 17, 2014, 03:05:01 PM
Wow, that's a lot of coins!

In fact, we are concerned more about the social-media popularity value instead of the exchange rate with Bitcoin.  :)


Too many coins. With 59 billion coins they will be less than 1 satoshi.