Kryptonite is a new crypto currency, based on DarkCoin and the X11 algo. Originally built originally for scrypt/scrypt-n, we finally decided on X11 as we believe it to be (for now) fairer, more economic, and greener.
Specification:
50,000,000 total coin supply
1 - 15 coins per block over about 7 years
block time is 31 seconds
6 confirmations per transaction
Mined blocks mature in 3 days - 8283 blocks
Diff is updated every block using ONLY Dark Gravity Wave 3
X11 Algo for more security & more hashing for less power and heat
Block Rewards:
1 KRYP 1st week
5 KRYP 1 month
10 KRYP 4 months For more information see
http://kryptonitecoin.info15 KRYP 9 months
10 KRYP 1 year
5 KRYP until end of supply - about 4 years 10 months
There is a 0.5% pre-mine of K500,000
K300,000 will go straight into a wallet which we'll keep a ledger for on our site. It will mainly fund giveaways, bounties, draws and random acts of kindness! The rest of the pre-mine will be held by the Devs for their expenses and time, and to fund anything else the rest of the pre-mine might not be able to.
We want our coin to have value. We WILL NOT DUMP coins - it's counter productive!
' But don't you just want to make some quick money?'
Wouldn't we all? But that's not why we’re doing this. We're trying to look into ways of making cryptos fairer and easier to use. We want to build a community that will contribute to the future development of Kryptonite and cryptos in general, and we will not disappear. Our goals also include making it easier to distribute currency to more people in an effort to make a fairer world.
Maybe you don't like what we're doing - fine - you don't have to take part in our own little part of this huge experiment!
LAUNCH POOLS - Bounties available!
Please note that priority will be given to pools that require NO SIGNUP and payout as soon as a block is found. This is a MUST for our 1st Official Launch Pool. We also prefer pools that limit individual's mining speed
1st Official Pool: 1000 KRYP Bounty
2nd Official Pool: 750 KRYP Bounty 3rd Official Pool: 500 KRYP Bounty
4th Official Pool: 250 KRYP Bounty 5th Official Pool: 250 KRYP Bounty
Other BOUNTIES
Build OS X Wallet: 250 KRYP Build Android Wallet: 250 KRYP
Please note all bounties will be paid when the premine has matured (approx 3 days)
