Cant wait for the booos and criticism
this is non profit to humanity. All funds used will be logged and viewable by all. I genuinely am inspired and commited to this project. Goal is to be as ethical as possible. There will Be checks and balances.
There will be 2 phases to coexist. After initial mining there will be an update and fork sometime utilizing whatever new tech during that time. Pre-mine coins will be destroyed and that amount will be written in to be mined to help with the high interest amount staking will offer.
Basic specs during 1st phase
Total Coins - 265,000,000
Coins per Block - 50
Time per Block - 60 seconds
Staking - First 6 months 3% monthly dispersed on a daily average. Year 1.5 - 5 at 5% monthly dispersed on a daily average. 8% monthly after year 5
PoW block reward halves after one year (525600 blocks) - becomes 25 coins per block after one year
Wallet, source and stuff soon