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SOCIAL NETWORK COIN
INTRO
- SNCoin is the first crypto-currency based on Bitcoin Theory rewards social media popularity.
- Proof of Popularity(PoP) and Proof of Work(PoW) both works in SNC System.
- SNCoin is designed with energy conservation and fair distribution in mind.
- Shared Weight from Friends Later Mechanism(SWFLM) made possible to quantify the popularities of social media users.
- Avoiding Botnet Attack while being friendly to Key Opinions Leaders.
- Mining with SCRYPT algorithm.
SPECIFICATIONS
Block time : 1 minute
Difficulty Retarget : every block
Nominal Stake Interest : 1% annually
Min Transaction Fee : 0.00001 SNC
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Fees are paid to miners
Confirmations : 10
Maturity : 500
Min Stake Age : 8 hours, no max age
P2P Port : 15712
RPC Port : 15713
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Proof of Work : 5,994,000,000 SNC
Algorithm : SCRYPT
Block Reward : 600,000 SNC, no halving
Height : 11 - 10000
MECHANISM
Weight = Max(6, Friends * (1 + Min(3, Followers / Followings)))
SharedWeight = Weight / Followings
PV = Sum(SharedWeight)/ 6 + Weight
DISTRIBUTION SCHEDULE
In total, the amount of SNCoin is 6,000,000,000 (6 billion).
- 2 billion coins will be fairly distributed among users according to their individual Proof of Popularity(PoP) PVs calculated in according to SWFLM and SNCoin Distribution Mechanism.
- 2 billion coins will be mined by miners on the basis of Proof of Works(PoW) and Mining Mechanism.
- 0.6 billion coins are scheduled for First IPO of SNCoin.
- 1.2 billion coins are scheduled for Second IPO of SNCoin.
- 0.2 billion coins rest are reserved for R&D and Business Operation teams of SNCoin.
0.6 billion SNCoins will be distributed in First IPO
BTC Address 1NDZLAfndv5rMj2gbgysC9fZaPM2Ta8TDo
LTC Address LastFZppJJPyeZE2535hw7eAHuWrK578VZ
The volume of BTC approach in this stage of IPO is 0.3 billion SNCoins.
The volume of LTC approach in this stage of IPO is 0.3 billion SNCoins.
(more IPO details referencing the WHITE PAPER)
[ First IPO Period ] 00:00:00 on Aug. 4th, 2014 ~ 00:00:00 Aug. 11th, 2014
DISTRIBUTION START-TIME
Upon finishing the development of SNCoin QT Wallet, SNCoin Official Website and Official SNCoin Distribution Platform.
APPROACH
See more informations in our WHITE PAPER :
https://mega.co.nz/#!QFBTyDCK!5zCHgZle3hfwFWuqZ-WyB7QU4zNcVTZY0wzKfP2oSDg
CONTACT US
Email : contact@sncoin.org
PS: For better network promotion of SNCoin, we need AGENT TEAMS all over the world (for different social-medias) who could share specific quota of reserved coins. Just email us if you are interested in.
We'll keep updating related progress!
