HighFiveCoin is the first of it's breed with an innovative reward system. Block rewards drop 1% every 2 weeks to maintain coin value stability and mining incentivization. Difficulty retargets every block with Digishield with a block time of 90 seconds.
Reward is dropping at every 2 weeks by 1% : 0-500 : 1 H5C (prevent instamine) 500-750 : 5 H5C 750-~13440 : 55H5C ~13440-~26880: 54.45 H5C ...and so on...
No IPO
Premine : 0,95% for bounties, giveaways, future development...
About HighFive coin
HighFivecoin uses the X11 hashing algorithm. X11 is created by Evan Duffield and uses the following for complex hashing, blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd and echo.
There is GPU mining software available for X11 which makes it a suitable hashing solution. CPU only coins quickly become run by botnets and virtual machines with large numbers of vCPUs. GPU mining protects against this sort of unfair mining.
Because of the complexity in X11 it is unlikely that we would see an ASIC for it any time soon, keeping coins that choose X11 to be mined on common and affordable hardware, therefore decentralising the hash power as originally intended by Satoshi.