Many Voytek BEAR Coin community members (especially early adopters) would recall frustration, some months before our coin was born, as being part of different community – SolaceCoin (
https://bitcointalk.org/index.php?topic=3297659.0).
At the point when the developers were away for months and wallets not working/syncing Voytek Mich decided it was time to take action. He engaged community and proposed, in order to save everyone’s time and money invested in mining SolaceCoin, to fork SolaceCoin offering airdrop 1:1 for all the SolaceCoin located in wallet at the time of snapshot (block height 300000). SolaceCoin was created with a very noble and just cause, to help others in distress or sadness. A charity coin to help people in need. It had backing of many members that were active on discord forum, it was moving in the right direction with setting up charities but developers were lacking basic communication and a sense of team between them.
Read more about snapshot and swap: https://voytek.org/quantum-of-solaceSince SolaceCoin total supply was 21,000,000,000 (later it was cut to 10,500,000,000) it was decided to have Voytek BEAR Coin at max supply of 2,100,000,000 coins and Masternode cost would be 1,000,000 coins. Being that human brain doesn’t handle large number very well, unless you lived in Zimbabwe and know what 100 hundred trillion dollars looks like (100,000,000,000,000.00), consequently redenomination or “cutting zeroes” process (where everything was divided by 100, was proposed to the community for voting. Unanimously all the members agreed on redenomination and Voytek BEAR Coin final figures before mainnet launch were published:
- Initial circulation: 2 537 975 (12% of our total supply all distributed via airdrop)
- Total supply: 21 000 000
- Premine: 0
Coin specification:- Commercial Name: Voytek / Voytek BEAR / BEAR (all names are OK, use as you wish)
- Ticker: BEAR
- Algo: Quark (PoS/MN)
- Block time: 60 Seconds
- Max coin supply: 21 000 000
- Masternode reward: 70%
- Staking (POS) reward: 30%
- Block reward: 3.522 BEARs
- Initial airdrop: 2 537 975 BEARs (12% of Max supply, airdrop info: https://voytek.org/quantum-of-solace )
- Masternode collateral: 10 000 BEARs
- Staking maturation: 50 confirmations
- Minimum staking amount: 10 BEARs
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