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Total suplay coin only 10500 coin dev
and how much price in ico selling and any bounty
what is tipe coin, pow/pos, or token asset system
and how much price in ico selling and any bounty
what is tipe coin, pow/pos, or token asset system
Here is a copy paste from the whitepaper, which I hope answers your questions:
Quote
VIVA ICO Terms & Conditions
The token to be sold as part of the ICO will be 6,500 VIVA
Crowns.
VIVA Crowns are the drivers of the VIVAconomy. Unlike
other tokens and coins, VIVA Crowns are incredibly scarce
and hold great power that cannot be usurped. There will
only be a maximum of 42,000 VIVA Crowns in circulation
after the ICO, and this target will take hundreds of years to
reach since only one Crown is created each week.
Each VIVA Crown holds a Treasury Right to mint a set
supply of VIVAcoins each week that is determined by the
consensus of all Crown Holders. So, by purchasing a VIVA
Crown, you are purchasing the ability to create a Treasury
Right, basically a license to print an allocated amount of
VIVAcoins each week. This Treasury Right can be assigned,
rented or sold to a mint of your choice.
Every mint is required to be connected to a business
activity, which will leverage the VIVA network by using and
paying for it’s competitively priced infrastructure. The
Treasury Right can also be leased out to businesses for an
interest payment if the Crown Holder chooses not to run
their own business.
The ICO will commence at 12.00 EST on May 1st and run
until May 20th, or when all of the available tokens have
been sold, whichever comes first.
Each VIVA Crown coin will be available for purchase
through the TradeQwik Exchange.
The token to be sold as part of the ICO will be 6,500 VIVA
Crowns.
VIVA Crowns are the drivers of the VIVAconomy. Unlike
other tokens and coins, VIVA Crowns are incredibly scarce
and hold great power that cannot be usurped. There will
only be a maximum of 42,000 VIVA Crowns in circulation
after the ICO, and this target will take hundreds of years to
reach since only one Crown is created each week.
Each VIVA Crown holds a Treasury Right to mint a set
supply of VIVAcoins each week that is determined by the
consensus of all Crown Holders. So, by purchasing a VIVA
Crown, you are purchasing the ability to create a Treasury
Right, basically a license to print an allocated amount of
VIVAcoins each week. This Treasury Right can be assigned,
rented or sold to a mint of your choice.
Every mint is required to be connected to a business
activity, which will leverage the VIVA network by using and
paying for it’s competitively priced infrastructure. The
Treasury Right can also be leased out to businesses for an
interest payment if the Crown Holder chooses not to run
their own business.
The ICO will commence at 12.00 EST on May 1st and run
until May 20th, or when all of the available tokens have
been sold, whichever comes first.
Each VIVA Crown coin will be available for purchase
through the TradeQwik Exchange.
Quote
VIVA Coins and Mints
...
In the VIVAconomy, VIVAcoins are not mined. Instead, they are
minted by an authorized VIVA mint. A mint is the VIVAconomy's
equivalent of a mining pool. In our system we don’t use proof of
stake, or proof of work. Instead, we utilize “proof of authority” to
generate new currency. This authority comes from ownership of
a Treasury Right, aka TR.
...
...
In the VIVAconomy, VIVAcoins are not mined. Instead, they are
minted by an authorized VIVA mint. A mint is the VIVAconomy's
equivalent of a mining pool. In our system we don’t use proof of
stake, or proof of work. Instead, we utilize “proof of authority” to
generate new currency. This authority comes from ownership of
a Treasury Right, aka TR.
...
