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Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: sncoin on August 03, 2014, 04:32:15 AM


Title: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: sncoin on August 03, 2014, 04:32:15 AM
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 : 0.00001 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 : 5,994,000,000 SNC
Algorithm : SCRYPT
Block Reward : 600,000 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 6,000,000,000 (6 billion).
  • 2 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.
  • 2 billion coins will be mined by miners on the basis of Proof of Works(PoW) and Mining Mechanism.
  • 0.6 billion coins are scheduled for First IPO of SNCoin.
  • 1.2 billion coins are scheduled for Second IPO of SNCoin.
  • 0.2 billion coins rest are reserved for R&D and Business Operation teams of SNCoin.


0.6 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 0.3 billion SNCoins.
The volume of LTC approach in this stage of IPO is 0.3 billion SNCoins.
(more IPO details referencing the WHITE PAPER)
[ First IPO Period ] 00:00:00 on Aug. 4th, 2014 ~ 00:00:00 Aug. 11th, 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/#!QFBTyDCK!5zCHgZle3hfwFWuqZ-WyB7QU4zNcVTZY0wzKfP2oSDg (https://mega.co.nz/#!QFBTyDCK!5zCHgZle3hfwFWuqZ-WyB7QU4zNcVTZY0wzKfP2oSDg)


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: Shadow_Runner on August 03, 2014, 04:32:48 AM
Another IPO.

Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: MsCollec on August 03, 2014, 04:33:33 AM
This remind me of failed reddcoin ;D

Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: ipominer on August 03, 2014, 04:34:58 AM
The heavy weighting of coins towards IPO buyers makes this of questionable value for miners.

Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: coolmyrig on August 03, 2014, 04:39:28 AM
Quote from: MsCollec on August 03, 2014, 04:33:33 AM
This remind me of failed reddcoin ;D
HE is coming back now. ;D

Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: coolmyrig on August 03, 2014, 04:40:15 AM
Quote from: ipominer on August 03, 2014, 04:34:58 AM
The heavy weighting of coins towards IPO buyers makes this of questionable value for miners.
worthless coin for sure.

Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: sunnyxiong on August 03, 2014, 06:37:29 AM
Quote from: MsCollec on August 03, 2014, 04:33:33 AM
This remind me of failed reddcoin ;D

1sat ？  yeah  LTC

Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: dogetime on August 03, 2014, 12:33:48 PM
I don't see the point of this at all, other than to make IPO money.

Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: baby222 on August 03, 2014, 12:36:44 PM
looks like another groupcoin   :'(

Title: Re: [ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness
Post by: Monkeys on August 04, 2014, 12:40:12 AM
Can you explain more about the POP (Proof of Popularity)?

How does one get "friends" to better earn from this method?


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