Latest posts of: ChiliCoinDev

100% POS! Now including Zerocoin Protocol, Masternodes, Staking, Instant Transactions and more!

ChiliCoin was launched in July of 2016, but has unfortunately suffered a far too familiar sight of of being forgotten, with no updates or further developments from the original team.

We believe ChiliCoin has great potential and want to see its initial mission succeed, while rewarding anyone who has held Chili since the beginning. The new core team is launching a takeover and revival of ChiliCoin.

Twitter - https://twitter.com/ChiliCoin

We are having our first give-away on Twitter!

We have taken on-board the community feedback in regards of the coin swap from v1 to v2 and re-evaluated the plans set-forth to better align with community interests to truly revive this coin and it’s community.

Extending Swap Period
We initially set out a 1 month swap period, which in hindsight is too short of a time for all possible parties to get informed about the revival of ChiliCoin and get the time to perform the swap.

In this regard, we are extending the swap period by additional 2 months, allowing 3 months for interested parties to swap their coins.

The new swap finish date is: 05/07/2018 (05/July/2018)

Unswapped Coin Burn
After the swap period is finished on 05/07, the core team will perform a coin burn and completely remove the ALL unswapped coins from circulation.

The completely removal of coins from circulation is possible because transaction fees are destroyed when a transaction is made with ChiliCoin.

Transparency on the coin swap
As some users have pointed out, there is no transparent way to see how many coins have been swapped over and how many are left from the pre-mine to support the swap.

At the current moment in time, there are not enough stakers on the network to ensure stability and smooth operation. The core team have split up the pre-mine into multiple address and are staking the coins to ensure stability and block generation.

Once we can confirm that the network is sufficiently safe to operate without core team runnings the nodes, full pre-mine will be moved into a single address which can be monitored in the public blockchain.

Lastly, we are preparing the Discord server and will open it up soon.

Thank for your support.

https://twitter.com/ChiliCoin/status/982628944301182978?s=19

Website coming soon!

Discord - Coming very soon!

1,200,000 CHILI was pre-mined to support the swap from old ChiliCoin to ChiliCoinV2. Any coins left over after the swap period is done, will get burned and subtracted from the circulating supply.

Ticker: will stay same CHILI
Swap ratio: 20:1
Swap End: 05/07/2018

Swap Website from ChiliCoin v1.0 to v2.0: https://swap.chilicoin.io/

Coins on coinexchange.io will be automatically swapped over to the new ChiliCoin v2.0.

Algorithm: XEVAN
Block time: 60 seconds
Max block size: 7.5 MB
Difficulty adjustment: each block (Dark Gravity Wave v3)
Masternodes: 1000 CHILI collateral
InstantX: SwiftTX
RPC: 61036
P2P: 61035
Max Coin Supply: Infinite

PoS Phase 1: [blocks 251 - 80249] 2 CHILI (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 2: [blocks 80250-160249] 1.75 CHILI (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 3: [blocks 160250-240249] 1.5 CHILI (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 4: [blocks 240250-320249] 1.25 CHILI (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 5: [blocks 320250-400249] 1 CHILI (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 6: [blocks 400250-480249] 0.75 CHILI (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 7: [blocks 480250-560249] 0.70 CHILI (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 8: [blocks 560250-640249] 0.65 CHILI (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase X: [blocks 640250-Infinite] 0.5 CHILI (90% distributed to staker and masternode - 10% available to budget system)

Coming soon!

https://explorer.chilicoin.io/

Chilicoin v1.0 - https://www.coinexchange.io/market/CHILI/BTC - Swap coming.

More Exchanges coming soon!

Masternode Set-up Guide - Click here!

Wallet Staking Guide - Coming Soon

Coming soon!