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1  Alternate cryptocurrencies / Altcoin Discussion / LAUNCH OF AN AWAITED COIN - RICHCOIN (RICHX) on: January 06, 2016, 05:57:41 PM
A true coin with pre-mine and strategical planning for ICO

Only 21 millions coins will ever be available, this coin will be available through open mining and at the same time be a fair and a honest coin.


Why does RichCoin exists?

I like these word rich and have made this coin simply to show my love for making people Rich who feels  the same way.
This coin will be a pure mining coin with a full strategy they have made their customers from last 8 months.
I want a coin that gives one the option to mine and hold a clean straight forward coin which has a future in the world of crypto.
Another reason is that I am not in favour of bump and dump coins with have no future and are gone within a month of launch.


What does RichCoin offer?

Well that is simple they made their customer base with their networking plan through richcoin.co before 8 months.

Its own website: www.Richcoin.us
They were about to Launch of A mobile app for their community.
A forum on the App to talk about the coin or other things of interest in conjunction of RichCoin

Block Explorer: explorer.richcoin.us


Exchange: Yobit.net and about to launch in other exchanges too.

Wallets for: Windows can be downloaded from richcoin.us.


Where can I Trade RichCoin?

Exchange: Yobit

BITTREX coming soon
Cryptsy coming soon

If you like to see this coin on various exchanges feel free to ask them and let me know.

Based on Bitcoin 0.9.2.1

Proof of Work:
Scrypt, SHA256D, Qubit
Block time: 5 minutes per algorithm (60 second average over 3 algos)
Each algorithm has separate difficulty
Block reward halves every 967680 blocks (about 48 weeks)
Block reward: 4 RICHX reducing to 1 MYR ~ 3 years
Total coin supply: About 2 billion RICHX
Difficulty adjusts every block


How it works
Each proof of work algorithm has its own independent difficulty.
Any algorithm can find the next block.
All the algorithms use the same difficulty adjustment method.
On average, each algorithm has the same chance of finding the next block.
Each algorithm aims for a block generation time of 2.5 minutes.
Over the five algorithms, a block should be found on average every 30 seconds.
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