Specifications
Algo: Qubit
Ticker: SMSR
Total supply: 60 million
POW/POS
block time: 75 seconds
minimum stake age: 6 hours
maximum: unlimited
port: 28281
rpcport: 28282
Introduction
Saṃsāra (Sanskrit, Pali; also samsara) is a Buddhist term that literally means
"continuous movement" and is commonly translated as
"cycle of existence". Within Buddhism, samsara is defined as the continual repetitive cycle of birth and death that arises from ordinary beings' grasping and fixating on a self and experiences. - (
https://en.wikipedia.org/wiki/Sa%E1%B9%83s%C4%81ra_(Buddhism))
99% of cryptocurrencies that have been released over the last few years have been victims to samsara due to lack of interest, legitimacy or failure to actually make the coin useful. Samsara Coin will be the first cryptocurrency to defeat Samsara as we have a plan to create a succesful business around the coin in china that will be around for years to come.
Why china?China and its people are a large force in cryptocurrency and its important to get their support.
Samsara is a buddhist term and china hosts the largest population of buddhists in the world.
China is also one of the most powerful business economies in the world.
To get even a small share of that into Samsara's economy would do wonders for the coin.
Launch
The Samsara Team have partnered with yobit to raise funds of our path of development.
ICO here:
https://yobit.net/en/trade/SMSR/BTC40m coins will be sold at 150 sats each and will last until approximately 16:30 CET on sunday 21st of june.
for those who prefer to mine, mining will be avaliable after ICO end.
All unsold coins will be burnt at the end of the 5 days
New Yobit ICO rules:
Our new ICO rules:
- only one 50% buy wall (ico price)
- 4 days ICO fund holding period (for devs)
- we have removed the rule of extra wall in case prices fall below 50% (due to the large number of requests / complaints)
- all unsold coins will be burned (proof will be provided after ICO ends)
Here is the mining structure for SMSR
block 1 40M ICO
2 - 100 = 0
101 - 1100 = 500
1101 - 2100 = 600
2101 - 3100 = 700
3101 - 4100 = 800
4101 - 5100 = 900
5101 - 6100 = 1000
6101 - 7100 = 1100
7101 - 8100 = 1200
8101 - 9100 = 1300
9101 - 10100 = 1400
10101 - 11100 = 1500
11101 - 12100 = 1600
12101 - 13100 = 1700
13101 - 14100 = 1800
14101 - 15100 = 1900
15101 - 16100 = 2000
POW ends 16100
POS will start on block 16000 so we have smooth transition from pow to pos
Path of Development
Mobile wallet – 500 million people in china have a smartphone and this is our main target market. It is vital to the coins success that we have an easily accessible and functional mobile wallet we will be providing the wallet in chinese and english for those outside of china.
Masternodes – to encourage support from the cryptocommunity and merchants and which will hopefully stabilise the price after the initial masternode frenzy. To create a masternode you will require 0.5% of the avaliable supply. We hope to develop a merchant wallet which has increased incentives for merchants to accept samsara.
Establishing a business at Zhengzhou Curio City or one of the other prominent Curio Cities – the majority of our ICO funds will go towards setting up and establishing a business around samsara. The people who have created the samsara idea and image have had an interest in antiques prior to getting involved in crypto currency and the idea formed during off topic messaging. Curio Cities are the place to be to scout and source chinese antiques. We hope to collect underpriced or rare chinese antiques and then begin to sell them for profit at a stall in a Curio City. Zhengzhou is our first target as our team leader stayed here for 3 months as part of an exchange programme in the early 2000's and knows the language and city well. Profits generated from the stall will be reinvested into the coin in either the market or coin development or to expanding the stall or setting up a chain in other chinese cities.
