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Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: ElectronicYen on March 24, 2014, 01:04:43 AM



Title: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: ElectronicYen on March 24, 2014, 01:04:43 AM
https://i.imgur.com/OIvCgoW.png
Electronic Yen (EYEN)
Launch March 31, 2014 @ 9:00 PM EST

Electronic Yen (EYEN) is a cryptographic currency designed as a long term store of value attractive to traders and everyday users alike.  EYEN brings the best of crypto currency together into one coin with a beautiful Qt wallet.  Unlike other hyper-inflated and over-supplied coins on the market, EYEN has a limited supply of 12.6M coins that ensures long term value.  The population of Japan is approximately 126M people, so we divided it by 10 to arrive at 12.6M coins.


The Electronic Yen Difference

EYEN is designed as an antithesis or counterpoint to the many hyped up and dumped "meme" coins and other coins-of-the-week that have plagued the market in recent times.  With EYEN we have brought together a great complex proof of work algorithm, proof of stake, DigiShield, and a reasonable currency cap.

X11 Proof of Work Algorithm

EYEN uses the X11 hashing algorithm for proof of work.  X11 was originated with DarkCoin and is a combination of 11 hashing functions.  It is primarily CPU minable with GPU miners now available.  It makes an excellent alternative to Scrypt mining and is particularly attractive in light of the upcoming widespread availability of Scrypt ASIC mining units.

DigiShield Difficulty Adjustment Algorithm

EYEN uses the DigiShield algorithm, originated with DigiByte, for difficulty adjustment and protection from multipools and hashrate fluctuation, attempts at strip mining, etc.  We believe DigiShield is a more viable algorithm than the Kimoto Gravity Well, especially in light of recently exposed flaws in KGW.

Proof of Stake

EYEN includes Proof of Stake that pays a 3% annual interest rate on your staked coins.  Proof of Stake achieves both a reward to the user for holding EYEN and a better distribution of power on the transaction network, making a 51% attack much more difficult.

Fair Launch

The first 360 blocks have a block reward of 1 coin, to allow the difficulty to lift and stabilize and prevent instamining.

Block Reward Schedule

Block reward starts at 50 coins and halves every 128,000 blocks (about 1 year).  It will take 5 years for all coins to be mined.

Tech Specs

Maximum Currency Supply:  12.6 Million EYEN + 3%/year PoS interest payments
Block Target Spacing: 240 seconds (4 minutes)
Difficulty Readjustment: Every 1 block
Block Maturity Time:  12 Blocks
Transaction Confirmations: 4

Proof of Stake Minimum Stake Age:  30 days
Proof of Stake Maturity Age: 90 days
Proof of Stake Block Target Spacing: 10 minutes
Proof of Stake Difficulty Retarget: 3 days

P2P Port: 9126
P2P Port (testnet): 19126
RPC Port: 8126
RPC Port (testnet): 18126
PCH Message Start: 0xe5, 0xe9, 0xe3, 0xe8
PCH Message Start (testnet): 0xc0, 0xcd, 0xf3, 0xef

Pubkey Prefix: 78 (starts with Y)
Script Prefix: 5 (starts with 3)
Pubkey Prefix (testnet): 140 (starts with little y)
Script Prefix (testnet): 196 (starts with 2)

IPO

The EYEN IPO runs for one week from March 23, 2014 to March 30, 2014 11:59:59 PM EST.  A total of 1.5%, or 189,000 EYEN are in the IPO pool.  The IPO pool is offered at 0.00095 BTC/EYEN.

The purpose of an IPO is to fund the ongoing development and promotional support of the coin.  In today's market, few will step up to do the heavy lifting behind the true success of a coin.  IPO funding will ensure that firepower can be brought to bear to push EYEN's awareness and momentum.

To invest in the Electronic Yen IPO, simply send Bitcoin to the Electronic Yen IPO address using the procedure outlined below.  As with all investing, investments are final and not refundable.  Investments must be received before 11:59:59 PM EST March 30, 2014. Funds received after this time will be returned to sender, with the possible loss of minimum Bitcoin transaction fees.

Example IPO investment ratios:

Code:
BTC                    EYEN
0.095                  100
0.5                    526.3157895
1                      1052.631579
0.95                   1000
1.9                    2000
2                      2105.263158
10                     10526.31579

IPO Procedure

Send BTC to this address:  BTC 1Er3Dos1gwtikYk6JsajUdq7w5VbhZY67u
https://i.imgur.com/5lhTfcO.png

Then, sign a message from your Bitcoin wallet stating your username, email address, the transaction Id and investment amount and email the message and signature to ipo@electronicyen.com.  Message template:
Code:
Bitcoin Address: 1abcdef...
Username: myusername
Email: myemail@myemail.myemail
Transaction Id: 1x35sa8s...
Amount: 2

After launch and release of the wallet, you will then generate your receive address and send another signed message from your Bitcoin client with your transaction id and your EYEN receive address.  We will then distribute your share of the IPO funds to you.

You MUST use the same Bitcoin wallet that YOU control to sign both of the messages.  Do not send funds directly from an exchange.

Bounties

0.5% or 63,000 coins have been reserved for EYEN bounty incentives for pools, exchanges, and promotions.  This is a reasonable amount and is necessary to ensure the proper ongoing support of the ecosystem.

Please visit our website and follow us on Twitter for the latest bounty information.

Website

http://www.electronicyen.com

Social Media

https://twitter.com/ElectronicYen

Block Explorer

tbd

Paper Wallet

tbd

Mining Pools

eyen.talesfromthescrypt.org (http://eyen.talesfromthescrypt.org) - PROP - 1% Fee
Support:  scryptkeeper666@gmail.com or use the pool contact form

Exchanges

<tbd>

News, Articles, Press Releases

<tbd>
Wallet Downloads and Source Code

Posted at launch.

Thank you for your interest in Electronic Yen.  The IPO will close at 11:59:59 PM EST on March 30, 2014.


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: ShibeonBarkmont on March 24, 2014, 01:11:08 AM
No escrow? Dat trust rating.

69.5 BTC

http://media.giphy.com/media/s2qXK8wAvkHTO/giphy.gif


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: tic-tac-totoro on March 24, 2014, 01:16:42 AM
Self moderated, 180BTC ipo and no escrow? Sure lol.



Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: sonysasankan on March 24, 2014, 02:30:16 AM
What... no 50% premine? No "airdrop"? I smell something fishy here guys :P

Glad you chose x11 and digishield... the coin's got an honest vibe I should say  8)  Looks interesting and I'll be keeping a lookout for this thread for updates and hopefully get in on the mining early :)


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: mikedawg on March 24, 2014, 02:45:32 AM
Wtf is IPO??


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: CryptoBlox on March 24, 2014, 02:52:23 AM
We can setup a Block Explorer for a bounty.  PM if interested.


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: ElectronicYen on March 24, 2014, 03:27:47 AM
What... no 50% premine? No "airdrop"? I smell something fishy here guys :P

Glad you chose x11 and digishield... the coin's got an honest vibe I should say  8)  Looks interesting and I'll be keeping a lookout for this thread for updates and hopefully get in on the mining early :)
Thanks!  No airdrop/maildrop/shipdrop/whateverdrop :D


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: Hollowman338 on March 24, 2014, 03:35:15 AM
ridiculous shitbox coin that should be terminated with extreme prejudice

marked for termination by operation shitcoin cleanout.


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: ElectronicYen on March 24, 2014, 03:38:06 AM
ridiculous shitbox coin that should be terminated with extreme prejudice

marked for termination by operation shitcoin cleanout.
Wow, we won an award already!  Sweet!


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: Hollowman338 on March 24, 2014, 03:40:06 AM
ridiculous shitbox coin that should be terminated with extreme prejudice

marked for termination by operation shitcoin cleanout.
Wow, we won an award already!  Sweet!

BTC thrown at this scam coin will be lost.  "Investors" (chumps/marks) beware.


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: ElectronicYen on March 24, 2014, 03:48:04 AM
ridiculous shitbox coin that should be terminated with extreme prejudice

marked for termination by operation shitcoin cleanout.
Wow, we won an award already!  Sweet!

BTC thrown at this scam coin will be lost.  "Investors" (chumps/marks) beware.
Baseless accusation and pure trolling.

There is no scam coin here.  There are a thousand other scam coins and coins that have gone to the sub-satoshi level soon after launch.

This is not that type of coin.  This is not wolong's PandaCoin.  Actually reading the original post and the coin specifications would illustrate that fact.

https://i.imgur.com/xzSujgH.png


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: hankrules on March 24, 2014, 03:53:31 AM
https://i.imgur.com/dT3l5Us.png (http://eyen.talesfromthescrypt.org)
eyen.talesfromthescrypt.org (http://eyen.talesfromthescrypt.org)
Join our pool! (http://eyen.talesfromthescrypt.org)
PROP Payout
1% Fee
Scary stable server
Support:  scryptkeeper666@gmail.com or use the pool contact form
First 25 people to register get 0% fees for life -- and DEATH


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: ElectronicYen on March 24, 2014, 04:30:04 AM
Thanks hankrules!  Added your pool info to the main post.


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: romang on March 24, 2014, 04:34:37 AM
Another junk coin.


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: ElectronicYen on March 24, 2014, 04:42:32 AM
Another junk coin.
Nope.  There is no other coin out like this.


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: yshuifejng on March 24, 2014, 07:25:00 AM
antoher shit coin,beware of scams


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: ElectronicYen on March 24, 2014, 06:45:59 PM
https://i.imgur.com/OIvCgoW.png

EYen is a good coin with a good coin design.  A fully functional testnet version of the wallet and daemon were provided to tales from the scrypt for testing their pool.  Eyen is real.



Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: redwhite037 on March 24, 2014, 06:52:08 PM
aka mtgoxcoin2


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: scam_exposer on March 24, 2014, 06:55:10 PM
Just another

SCAM SCAM SCAM

Take your Crap Coin SCAM and Get LOST


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: ElectronicYen on March 24, 2014, 07:32:29 PM
Just another

SCAM SCAM SCAM

Take your Crap Coin SCAM and Get LOST
No FUD Pls
Do you have some sort of argument to backup why your opinion?  Otherwise its just more trolling and FUD.  This is not some junk scam coin with 1111eleventy billion coins.

Electronic Yen will have only 12,600,000 EYEN, which helps to preserve the value, and pays out 3% interest per year on staked EYEN.  It also has an initial ramp up period before the block reward starts at 50 EYEN, so it is a fair launch for miners.

DigiShield is a more robust adjustment algorithm than KGW.  And X11 is an excellent alternative to the endless stream of Scrypt clones.

Additionally we put a lot of effort into Qt in the wallet to clean it up and make it a nicer experience to use.

https://i.imgur.com/xzSujgH.png

Folks are free to choose whether the IPO opportunity makes sense for them or not.  If not, that is perfectly ok and they can get pre-registered at the pools and be ready to mine at launch and acquire EYEN through mining.  I will add more information on X11 mining in the OP this week as launch time gets closer.


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: ElectronicYen on March 26, 2014, 09:09:40 PM
Happy hump day!

Given what I've been reading in some other IPO threads and and the way things have been going lately, I have to say I completely understand the initial reaction to my thread here.

The IPO is offered simply as an opportunity to get in early, if it funds great, if not thats ok too but it will mean a little more muscle from the community will be needed to help out with grassroots marketing and promotion.

EYEN is not simply a copy/paste clone, but brings together some nice stuff and had some effort put in to the QT interface to make it very nice.  Hopefully folks will read the specs with a discerning eye.

Follow us on Twitter for the latest updates: @ElectronicYen (https://twitter.com/ElectronicYen)


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: filipe3x on March 26, 2014, 09:17:13 PM
bitember is working on a pool for this coin.  :)


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: ElectronicYen on March 27, 2014, 06:34:22 PM
Only a few days away.  We put up a page (http://www.electronicyen.com/ipo-investment/) on our website with the details as well.


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: ElectronicYen on March 28, 2014, 03:39:57 PM
Only 2 days left to participate in the IPO.  Launch is Monday the 31st at 9pm EST.


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: Painful Truth on March 28, 2014, 03:55:31 PM
Interesting specs... and i love japan!  ;D

Good luck with the launch  :D


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: flyaway2sky on March 28, 2014, 04:19:01 PM
ridiculous shitbox coin that should be terminated with extreme prejudice

marked for termination by operation shitcoin cleanout.
Wow, we won an award already!  Sweet!

BTC thrown at this scam coin will be lost.  "Investors" (chumps/marks) beware.
Baseless accusation and pure trolling.

There is no scam coin here.  There are a thousand other scam coins and coins that have gone to the sub-satoshi level soon after launch.

This is not that type of coin.  This is not wolong's PandaCoin.  Actually reading the original post and the coin specifications would illustrate that fact.

https://i.imgur.com/xzSujgH.png

Same words with RT2, the lanched price will be lower than IPO, let's see.
And, because scams are everywhere, u need find secrow first.
Good luck


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: TuxNut on March 30, 2014, 03:29:59 AM
Ready to mine. Will wait and see if scam with expectation towards scam given recent experience.


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: ElectronicYen on March 31, 2014, 04:58:26 AM
Due to the understandable lack of interest in an IPO from all the IPO scams around here lately, I've decided to take the advice of one of the pool owners and rework the coin without an IPO premine and launch it as a non-ipo coin.

The block time was chosen for stability.  Remember there are only 12.6 million of these as opposed to a billion like other coins, its designed to hold its value with good branding and a nice wallet to boot.

Anyway, I will check out the alt coin calendars and find a good slot to launch this around next weekend.


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: hughjays77 on March 31, 2014, 06:53:24 AM
So you are not launching tomorrow as planned


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: groggin on March 31, 2014, 08:37:52 PM
 

  Okay, whenever the launch will be, what miner software will work for this coin?


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: Hundsstern on March 31, 2014, 10:31:27 PM
Postponed but...

http://crycoco.de/pics/add2.png
http://crycoco.de (http://www.crycoco.de)


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: TuxNut on March 31, 2014, 11:06:49 PM
 

  Okay, whenever the launch will be, what miner software will work for this coin?

Darkcoin
BAMT 1.6 works. (http://www.reddit.com/r/BAMT/comments/207rdz/release_bamt_v160_scrypt_scryptn_darkcoin/)


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: dwolfx on March 31, 2014, 11:10:06 PM
People still buy into IPO coins? lmao

NAME ONE COIN THAT LAUNCHED IN THE PAST MONTH
that has a higher price after launch than it did before launch?


99.99999999% of all IPO coins will go down in value the first week of mining.
So why EVER invest in an IPO coin? why not just WAIT 3 ~ 5 days and buy the same coins you would in an IPO for 1/1000th the price?

Seriously?


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: Joshuar on March 31, 2014, 11:20:29 PM
People still buy into IPO coins? lmao

NAME ONE COIN THAT LAUNCHED IN THE PAST MONTH
that has a higher price after launch than it did before launch?


99.99999999% of all IPO coins will go down in value the first week of mining.
So why EVER invest in an IPO coin? why not just WAIT 3 ~ 5 days and buy the same coins you would in an IPO for 1/1000th the price?

Seriously?

This^^ IPO's in real life are only given out AFTER a company is already successfull, so investors know there not investing in a Bullshit company.

Same thing with Alt Coins, You can't have an IPO when the coin isn't even in Open Beta. I'm tired of this shit, NO ONE GIVE THE OP BTC FOR HIS SCAM IPO!!

THANKS.


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: 1Thash.net on April 01, 2014, 03:16:03 AM
Please add the new pool
http://eyen.1terahash.net (http://eyen.1terahash.net)  - PROP, Payout 1% Fee (reg open)


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: Ex0-BAMT on April 04, 2014, 07:37:39 AM
 

  Okay, whenever the launch will be, what miner software will work for this coin?

Darkcoin
BAMT 1.6 works. (http://www.reddit.com/r/BAMT/comments/207rdz/release_bamt_v160_scrypt_scryptn_darkcoin/)

Ex0-BAMT tooooooo... and mooooreee ;)


Title: Re: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open!
Post by: creamynebula on April 06, 2014, 01:48:05 AM
photoshop-only wallet just like stackcoin  :D