Print Page - OmegaShenronCoin

http://i62.tinypic.com/2s7fcrr.jpg

This is OmegaShenronCoin, it's motto is, We shall Rule the Universe!

OmegaShenronCoin Features in a nutshell.
Only 4.38 million DMDs will be created.

Algorithm is ASIC resistant Grøstl.

♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦

Proof of Stake – PoS (minting)

Block solving target time ~ 600 seconds.

PoS is set to 50% per annum with minimum 30 days coinage required.

Once we reach total coins of 1,500,000 PoS is reduced to 25% per annum with minimum 30 days coinage required.

Once we reach total coins of 2,500,000 PoS is reduced to 5% per annum with minimum 30 days coinage required.

Once we reach total coins of 3,500,000 PoS is reduced to 1% per annum with minimum 30 days coinage required.

♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦

Proof of Work – PoW (mining)

Block solving target time ~ 60 seconds.

Difficulty retargets at every block.

The rewardis 1.05 DMD per solved block*

* 1 DMD is granted to the miner while 0.05 OSC is contributed to coin support.

Once we reach total coins of 1,500,000 reward is reduced to 0.1 OSC per solved block.

Once we reach total coins of 2,500,000 reward is reduced to 0.02 OSC per solved block.

After that there will be no further reductions to the reward per solved block – the coin will remain protected by continuous hybrid PoW/PoS approach

♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦

Due to existing exploits and abusers we are forced to discontinue random lucky bonus blocks.

Low transaction fee at 0.001.

Endless Hybrid Network Security.

Transaction Message.

Fast and secure transactions with 6 required confirmations.

Provision for continuous promotion and development.

Brand new code base with up to date security patches and significant performance improvements.

♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦ ♦♦♦

There is a Premine of 99% to ensure long term stability and prosperity, as we the developers are geniuses, and you, the users cannot compare to our 300 IQ total.

Bitcoin Forum

Alternate cryptocurrencies => Announcements (Altcoins) => Topic started by: Polycoin on May 02, 2014, 02:48:01 PM