VendettaCoin is a proof of work only currency, which provides the transaction facility just like any other coin. It's based on litecoin wallet and does not have any proof of stake. VendettaCoin is not another copy paste cryptocurrency, but it's backed by business, we are providing VendettaHosting packages at very low prices. The business is to start as soon as the coin is stable for most. We will also be implementing most wanted anonymous features VendettaSend which utilizes anonymous send features to protect user's transactions.
Backed by Business : Vendetta HostingVendettaCoin developers will provide VendettaHosting, the very affordable off-shore hosting and secure hosting. All the hosted files will be kept in our very own data centers and will never be deleted. The locations of the data centers will be kept hidden.
VendettaHosting packages are minimum of 500GB of packages with upto terabytes of bandwidth. There are very cheapest solutions to store your huge data online and share at the fast speeds. We provide upto 80TB of disk space for a prices of ~$100.
VendettaCoin will be the primary payment method of the hosting and VPS packages. We are very inclined to user's ideas as well. VendettaCoin is the primary owner and developer of the said services and businesses.[/size]
Anonymous Transactions Implementation: VendettaSendVendettaCoin developers will implement the true anonymous transactions, normally transactions are recorded by blockchain, all the transactions in a particular coin are public.
VendettaCoin utilizes a dust method to send 10 different transactions from an address to change addresses on masternodes. Those are then sent to the receiving user's address. Results in a lot of addresses. VendettaCoin has a unique approach at handling user's transactions.
However
VendettaSend has a minimum fee for the transactions which are sent to nodes and miner's network periodically. This transactions usually take longer than a normal transaction to confirm. It's a very secure method to send your coins in an anonymous manner.[/size]
Design and SpecificationsScryptProof of Work -
YesProof of Stake -
No Why?: After a close inspection we believe that we do not want to utilize a proof of stake yet. We believe that it has security problems and we do not want to implement such a thing. Because proof of work is much securer by network of miners, than the trust of coin holder on a proof of stake.
Coins in ICO: 50,000,00 sold at 0.00002 and then at 0.000021 (5% increase)
Coins to be mined in 14 years: ~50000000
Block Time : 2 minutes
Coins per block: 10 COINS. Rewards never change
Premine: We will only premine 0.1% of coins if 100% of ICO is not sold until October 1.
Roadmap
If all the coins are ever mined and dumped on exchanges:
Mining schedule
Remember this is a prototype. This only gives a good eye at how mining will happen. some details might be incorrect. But this still tells an overall mining rewards schedule.
PresaleWhy Presale?There is always need of funds for development of a coin. 1% of a coin is a very huge premine and creates a risk for investors and the miners as well. It's also difficult to obtain coin's image after a premine has been made. We've decided not to do a premine rather a Crowd Funding which will allow early investors to get coins at very cheaper prices, while helping us develop the said features and continue to work.
We will be selling 50,000,00 coins at 0.00002 coin each. Which is way small price. We're of course not undervaluing our coin rather giving the early adopters a reward for trusting in VendettaCoin developers. The price will after about 10 days increase by 5%. That is not a huge change and protects the later investors as well.
How to buy in presale?Presale is up at
http://vendettacoin.pw/?product=presalePresale will close as soon as the time is up for the presale or total funds are reached.
What if all the coins in presale are not sold till deadline?If we get more than 100% of coins sold in presale. We'll just mine the 5000000 coins and divide it between everyone. If only 50% of investments are made until presale closing date. We'll still mine 20% and divide it equally between people. so if no more people invest. You'll be getting your funds at better prices.
However if presale doesn't go above 50% we'll only mine what is purchased and genesis block will only contain that much number of coins, not more not less.
Refunds?Refunds will only be possible if the coin does't launch on said date. For all of those features, you shall wait and they'll be released according to dates on road map. We have our vision very clear and are strict on time table.
If you do not get an email after purchase. Send email to
admin@vendettacoin.pw to sort it out.
This topic is moderated to prevent trolls and shills from the regular FUD and spam, name calling, and false accusations. We will be launching the coin on said dates and delivering the products on the mentioned dates. There will be no IPO but we promise to deliver the said features on the dates.
We will be continuously monitoring and deleting replies that are not constructive criticism, you're free to ask a questions.
