Ticker : ABC2
PoW / PoS / PoE 
Introducing ABUNDANCE! (ABC2)An Income Coin.Featuring Fair PoW & Earned Giveaway Distribution7 Days of X11 PoW Only 675,000 Coins Will Be Minted before Generous PoS PoS Percentages Decrease each month and continue over 8 years. With The Combination Of Minting/PoS After 8 yearsCoin specs Name: Abundance (ABC)
Algo: X11
Block time: 30 sec
PoS starts at block: 5000
Block retarget: every 20 blocks
POS interest: - Variable - See Below
Coins stake after: 24 Hours
Confirmations per transaction: 3
Premine : 675,000 (Replacing 330,000 PoW as ABC)
Breakdown of Distribution:Total ABC2 coins to C-Cex for exchange of old ABC : 341,273Transaction ID: 867e55f99a4c2e397b5a6cea00d1358ad94decbeac133f7d4d4cbe3d966d0a8b
Transaction ID: 66def3b05e257074aaed092e5f875c48a4706e8b196a7975029ab69c0547b388
Transaction ID: b9c62ad770423ccaba5fec500b9271f04d980c0e1a3a4b76554ffc31ff0b3026
Transaction ID: a16175c010b5027fc772d55039399c219ba96c98185787ccb5bb6f2f488f8d70
Transaction ID: 751ff65c32a07b3f102caf90d405bf504a9b78f6cbcfa548b118ced67e58d735
Transaction ID: f04753bf84bd9d296da7ee7df7b57c6af4e835e283868b27e19111ffe8e7d482
Qibuck ABC2 public wallet address link -
http://explorer.qibuck.com/address.php?chain=2&addr=AMJV5f6stDamVEAKJC2U2atPtg8oM9Z5DyTotal coins sent to Qibucks for merger and bagholder benefits 138,000 : 120,000 for the merger and 18,000 for 120 bagholders @ 150 each(09/25/2014 - dismemberment of 150 to each Qibuck bagholder is still ongoing)
Several transactions to this address : To: AMJV5f6stDamVEAKJC2U2atPtg8oM9Z5Dy
(In return we have 10,000 QiBuck and 2.5 Bitcoin as holdings..more on this later when we release rules for being an ABC bagholder)
(It will be similar to how Qibuck does their bagholder program with a rich list block explorer :
https://bitcointalk.org/index.php?topic=711987.0)
Total coins paid for PoE / Giveaways / Bounties / Salaries : 60,000 PoE payout spreadsheet :
https://docs.google.com/spreadsheets/d/1C1YMOPITcW_eHxV6EEnxOpz-0KsTjEcYYoq-PplAK3g/pubhtmlOther smaller payout transactions were not kept track of.
ABC2 holding roughly 123,000 coins ABC2 holdings public wallet address (roughly 51,000 coins) : AcomWd5JUaVXj1cjdtLaY8oD7khBx8WA75
http://explorer.qibuck.com/address.php?chain=2&addr=AcomWd5JUaVXj1cjdtLaY8oD7khBx8WA75ABC2 active wallet address (72,000) :
http://crypto2.net/qibuck/address.php?chain=2&addr=AZQG5X1Fr4dabsxZppSZx9C9yRoWZzZCaChttp://crypto2.net/qibuck/address.php?chain=2&addr=AcmW2bYoZLGzNnzVUfbJyQMKFKdjS9GrRq I. Introduction
II. Who?
III. Highlights and Advantages of this coin
IV. Our Giveaway: Introducing Proof of Effort (POE)[/size][/b]
I. Introduction:
Abundance (ABC)
Abundance is a concept of spreading the wealth of a coin (or Abundance) and allowing its holders to make residual income off of the coin through the PoS algorithm. We call this an INCOME coin. We’ll make no further promises other than we’re going to do or best as a team and that this coin direct response of empty promises and disappearing development teams...
The Abundance (ABC) development team welcomes the challenge of earning your trust.
II. Who?
We’re Bittzy78 and JDS1000 and we run CryptoSandwich and love to give away coins. The Sandwich community is among the largest and strongest in CryptoLand. We’re experienced at working on and with coin
development teams promoting coins, working closely with exchanges and running successful businesses.
Our Team:
Bittzy78 - Co-Founder
https://bitcointalk.org/index.php?action=profile;u=192898Development Team for Coin2 & Moderator for Coinzen, BitcoinGarden Forums
JDS1000 - Co-Founder
CryptoSandwich
QiBucks - Facebook Marketing and Communications
CryptoSphere/BitBillions
RichFinch Design & Graphics/Communications support
Smart15 Manager of Distributions/Multipool
II. Highlights and Advantages of this Coin:
Highlights
Innovations - Sure we’re a shitcoin as far as the technology is concerned, but we've come up with 2 things that differentiates ABC from other coins...
In Distribution: PoE - "Proof of Effort" This one involves no mining, but human efforts. It's not a true giveaway coin like CommunityCoin or Coin2, as we require effort/promotion/social media tasks in order to help create momentum and community for Abundance.
Income/PoS - Abundance is so aggressive in its staking/interest, that we're calling it an income coin. The act of holding this coin creates income to the tune of 20% monthly interest or over 240% annual interest in the 1st month and gradually tapers off over time...
We want to reward people for holding Abundance and think that more coins will start copying this income approach...
ABC has 2 distinct PoE phases of distributing our coins to those that earn them....
PoW - Yes there is mining - concentration of 355,000 Coins over 10 Days.
How do I attain Abundance? We are very inclusionary...
PoE: ABC can be earned by via PoE (No longer).
PoW: ABC can be mined (No longer).
Abundance will be available via the leading Exchanges
150 Abundance is available to all QBK Bagholders.
Proof of Stake Percentages+
(09/26/2014 - These numbers have been adjusted per our dev)
Months are based on the block height
there are 2 block per minutes (30second block time)
2blocks * 60mins * 24hrs * 30 days = 86,400 blocks a month
You can check the source code here:
https://github.com/AbundanceSource/ABC2/blob/master/src/main.cpp#L993const int MONTHLY_BLOCKCOUNT = 86400;
Month 1 - 20% Annual Interest - block 0 to 86399
Month 2 - 10% Annual Interest - block 86400 to 172,799
Month 3 - 7.5% Annual Interest - block 172,800 to 259,199
Month 4 - 5% Annual Interest - block 259,200 to 345,599
Month 5 2.5% Annual Interest - block 345,600 to 431,999
Months 6-12 1.25% Annual Interest - block 432,000 to 1051199
Years 1-4 5% Annual Interest - block 1051200 to 4,204,799
Years 5-8 2.5% Annual Interest - block 4,204,800 and on
(Posted by Istvandv -
https://bitcointalk.org/index.php?topic=682939.msg9010827#msg9010827)
PROOF OF BAGHOLD POOL
First Bagholder payout will be early to mid December 2014
(We need time to grow the ABC2 portfolio)
All HOLDERS OF Abundance that baghold 1500 or more coins at the time of the quartly audit will be eligible to receive a bonus from this portion of the incoming revenues. Basically the more coins one bagholds, the larger the bonus will be. This is what will help the price of Abundance grow over time as opposed to dwindle, due to lack of interest, dumping and moving on type of coins. Bagholders will be paid in Bitcoin or ABC2.
Your percentage will be a percentage based on the amount that you own at time of an audit taken from the block explorer bagholder list here: (Future explorer link).
Bagholders can choose to be paid either in BTC or ABC2. Only Bagholders who wish to be paid in BTC need to send us a pm with their btc addies and their ABC2 details as now we are percentage based, after we have a rich list block explorer we will no longer need any other info from the Bagholders as we already have them on the Block Explorer Bagholder list.
Imprtant
Bagholders MUST HAVE THEIR COINS in the downloaded wallet until full payments are made. If we see that a Bagholders takes off their coins and put on the exchange before we get to make their payment they will not be paid, so please make sure you keep your coins in your downloaded wallets until the payment cycle is complete, thanks for your cooperation and understanding.
Clarification of the classification of bagholder payouts
(and other things) - Bagholder payouts are to be considered a
gifts (paid quarterly) and not dividend payments. You might read posts on this thread where people refer to them as bonuses or earnings but we will only refer to them as gifts.
- Never consider Abundance (ABC2) as an investment and never buy more coins than you can afford to lose. Crypto currencies are very volatile in terms of trading and life span of the coin. We plan on being around for a long time but there are circumstances that could arise that are beyond our control that could prevent that from happending.
- There is no guarantee or requirement that bagholder gifts will be sent out quarterly. There are circumstances beyond our control that could prevent them. However, we will do everything in our power to see that they are sent out quarterly.
- Please never confuse postings on this thread as investment advice. Every post on this thread is the opion of the poster and not necessary the opinion of Abundance (ABC2)
- Never buy or sell Abundance on this thread. If you want to purchase ABC2 please do it on an exchange.
Please check this section often for any updates Advantages[size]
Name - Desireable Acronym (ABC) will be near the top of the exchanges alphabetically. (This sounds funny but I remember liking that about ZetaCoin on Cryptsy - Easy to find is an advantage).
Name is Synonomous with Success/Thriving
Distribution Earn coins with and/or without mining is a new concept
Earned by voting and actively participating and becoming a part of something
Round 2 Distribution dependent of Exchange Votes
Team contains Coin Marketing Industry Leaders with lots of relationships and earned goodwill
Largest, most-focused marketing team - everyone doing what they are great at.
Incentivized to succeed - and only receive bounties upon delivery.
Community Launching with>500 Significant Stakeholders
Incentives to hold (Aggressive PoS and 2nd Round Distribution).
Proof of Effort (POE)
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