ChavezCoin is a digital currency with a socialist ideology and an established north; a new economic model for the free world, decentralized e independent from the traditional banking system.
ChavezCoin comes as an opportunity to the Venezuelan people to have a currency traded and accepted worldwide, a new currency that start from scratch and will gain value with the effort and work of all the people involved in the project, where the actions of the governments and banks has no consequences over the value of the coin, making us, the people, the only responsible for the empowering of our economy.
Right now Venezuela is going through a rough patch, with several problems, scarcity, high inflation rates, rampant crime and a problematic currency control that make almost impossible to obtain international currency via legal ways, forcing the people to use the hyperinflated black market, making our currency worthless.
Distribution
The initial number of coins is 8,191,132, it was the total votes that Chavez received in his last presidential campaign. The coins will be distributed like this:
60% of the coins will be handed out to the Venezuelan citizens who register themselves in our website. The coins will be distribuited in 2 batches, the first batch will be July 5 (our independence day) and the sencond July 24 (the birth day of our national hero Simon Bolivar)
10% will distributed via ChavezCoin faucet, this distribution will be different from normal faucets because we will pool the coins collected from the users and we will give them in the 2 prior mentioned batches, to make an even distribution. This faucet is meant to be used by foreign people who belive in our project, spreading the coins to a wider audience.
20% Bounty/rewards fund: because we are aware that we need all the help we can get and also that the work of our supporters must be rewarded, we will use this fund for advertisement, giveaways and developers The address of this fund will be publicly available, and any use of the funds will be notify to the community.
5% Developer fund: This fund will be used for future expenses of the coin like nodes. The address of this fund will be publicly available, and any use of the funds will be notify to the community.
5% Social Help fund: This fund will be created for social aid, scholarships, we truly believe in our project and in the idea of helping those in need. The address of this fund will be publicly available, and any use of the funds will be notify to the community.
Roadmap
We have established 4 stages for the development of our coin:
PromotionThis is the first stage, in this stage we will open the registry for the users, the faucet, various giveaways and contact the local media, in order to reach as much as possible people. Also we will open the bounties for the developers/sites/and businesses interested in take part in this endeavor. Estimated time 1 month
AllocationIn this stage we will distribute the coins. The register and the faucet will be open for about a month and the coins will be delivered in 2 batches, first batch July 5 (Independence day) and July 24 (the birth day of our national hero Simon Bolivar). Estimated time 2 weeks.
AcceptationAfter all the coins were distributed, it will be time to reach exchanges and payment gateways, our main goal here is to be listed in several Altcoin exchanges, and let the market establish a referential price for the coin, and to be in at least 1 payment processor, to be able to reach e-commerce owners and convince them to accept ChavezCoin as a payment method. Estimated time 1 month.
MassificationThis would be the last stage, an always evolving and endless one. In this stage is where we will be needing the most help from our supporters / associated developers, to bring to life some ideas that we have and grow the value of our coin. Some of our projects are:
- Bolivar/CHVZ exchange
- CHVZ marketplace
- Expand the quantity of stores accepting CHVZ
- Android/iOS Wallet
- Reach brick and mortar stores to accept our coin
- The creation of social aid/scholarship committee and the use of the fund for social projects.
TLDR or Why you should join ChavezCoin
An even distribution: We are targeting between 10,000 and 100,000 users in a transparent way, (using our national voting register to validate users).
Solving a Necessity: Because Venezuela have a currency exchange issues, we will be helping to solve part of the necessity of a nation with +30M people to obtain international goods.
Great opportunity for merchants: As prior stated, merchants will have a great opportunity for business with at least 10,000 possible buyers in need of goods.
Transparency: We will try to be as transparent as possible, our code will be on a github, all the funds addresses that will be used for bounties, rewards, social aid and development will be publicly available, and any use of the aforementioned coins will be notify to the whole community .
No ICO: We are not after your money/Bitcoins, we will never sell coins, we just saw a problem/need and want to be part of the solution.
I know there has been a TON of shitcoins around, but we just want to help our people
Algorithm: X11
Intial coins: 8.191.132
total coins: 16.382.264
BlockTime: 60 sec
Stake: 5% anual
Minimum Stake time: 7 days
Coin Maturity: 30 daysThis is self-moderated topic, please stay on topic
We are finalizing the register website, as soon as it is ready we will post it.
