[ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity

SOCIAL NETWORK COIN

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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

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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.

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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.