A Currency That Grows!Introducing BitSeeds - Course:
Official, Iquidus explorer with rich list:http://188.8.131.52:3001/
(this is a basic explorer)
Second Iquidus explorer provided by Cryptoally:http://xseed.explorer.cryptoally.net/
Blockchain ParametersProof of Work was restored May 1st, 2016 - the specs are:
* Algo: SHA-256D
* For the relaunch we had zero block rewards until Block 2017, then an initial ~1 week of initial reduced reward at 0.025 XSEED per block until Block 4034 when we fully reinstated the originally planned reward of 10 XSEED per block.
From here, block rewards will reduce very slowly and steadily at a rate of 0.025 XSEED reduction every 90 days for 400 reductions, for just under 99 years
* TX Comments
* 2MB block sizeProof of Stake
* Interest Per Year: 10%
* Minimum Stake Age: 24 hoursNetwork
* Coin Maturity: 120 Blocks
* Average Block Time: 5 minutes
What Is BitSeeds?
BitSeeds is a hybrid proof of work/proof of stake cryptocurrency network with the goal of raising money to assist the Rainforest Foundation (http://rainforestfoundation.org/bitseeds
) in its mission of reforesting the planet. The custodial wallet owned by the Rainforest Foundation exists for the sole purpose of staking new BitSeeds each year to contribute to the Rainforest Foundation's mission and the success of the project.
The rate of deforestation is so enormous that in order to restore balance a disruption in traditional fund raising was needed. BitSeeds provides a cryptographic ledger with unique features specifically designed for not-for-profit organizations and driving merchant adoption. Ecosystem development is an ongoing process spearheaded by the BitSeeds Foundation.Why Is the BitSeeds Project Necessary?
BitSeeds adds ecosystem-specific remittance rails for charitable donations and a blockchain robust enough to accommodate future development. Every commercial transaction conducted within the remittance rail has the value added benefit of a charitable tax deduction, beyond the normal cost savings of cryptocurrency adoption. Individuals are then incentivized to hold and stake BitSeeds in personal wallets not simply to support the network, but support the greater mission of the Rainforest Foundation to reforest the planet."The simple act of holding BitSeeds makes the world a better place because you are investing in the mission of the Rainforest Foundation to reforest the planet."What Is The BitSeeds Foundation?
The BitSeeds Foundation is a not-for-profit entity registered in the state of Nevada. More information may be found at the BitSeeds website (http://BitSeeds.org
).Why Is BitSeeds Important?
Cryptocurrencies are a means to give people hope, and that is the primary use case of BitSeeds. Beyond the stated mission, the BitSeeds Foundation is committed to furthering the partnership of cryptocurrencies and charity and offers its network and support services to any charity that wishes to implement a safe and healthy digital currency into their fundraising efforts.Why Not Use Another Currency?
While BitSeeds could not exist without blockchain technology, other networks may not suitable for most charity organizations. BitSeeds adds ecosystem-specific remittance rails for charitable donations and a blockchain robust enough to accommodate future development. Every commercial transaction conducted within the remittance rail has the value added benefit of a charitable tax deduction, beyond the normal cost savings of cryptocurrency adoption. Individuals are then incentivized to hold and stake BitSeeds in personal wallets not simply to support the network, but support the greater mission of the Rainforest Foundation to reforest the planet.What Makes BitSeeds Different?
While boasting a number of technological advances which make it superior to other currencies, BitSeeds has a real mission to guide its development and growth. The core mission of reforesting the planet always takes precedence over other concerns. Without distractions, the work of the Rainforest Foundation and the BitSeeds Foundation can continue with minimal outside risk.
Why Would Merchants Use BitSeeds?
Merchant adoption is driven through a custom remittance system being developed by Coin.co (http://coin.co
). 1.25% of every transaction processed will be sent to the BitSeeds Custody Address. Merchants will be presented with a yearly accounting and requisite paperwork for tax purposes.
Every transaction completed through this process is a charitable tax deduction for the accepting merchant and a great incentive for adoption that goes beyond the usual savings of cryptocurrencies compared to credit cards.How Do You Plan To Plant 1,000,000,000 Trees?
That's the best part about BitSeeds: all of the necessary experience, expertise, ingenuity, and infrastructure are already there! It's all built and ready. All the Rainforest Foundation needs is funding from the public to expand 30+ year old reforestation operations to levels never seen before. BitSeeds will provide jobs, infrastructure, and raise the standards of living for the poorest in the world. This project is already in motion. BitSeeds makes more of it happen, faster.
To make this initiative possible, each year BitSeeds will yield 10% interest to each person who holds the currency. At the launch of the currency, 100 million BitSeeds were set aside in a special wallet owned by the Rainforest Foundation that will generate interest through staking. The yearly interest income the Rainforest Foundation receives will enable them to help local communities conserve and restore forests on a scale never before possible.
With a traditional donation to a charity, a person gets something symbolic but not very useful like a tote bag or a mug as a thanks for their donation; starting soon when someone donates to the Rainforest Foundation they will receive a gift card loaded with BitSeeds, allowing them to turn around and spend some or all of the money they just donated, while still knowing they're helping the Rainforest Foundation's mission and enjoying the benefits of a tax deduction!
From the Rainforest Foundation, founding member of the BitSeeds Foundation:
“Immediately slowing or stopping the alarming rate of rainforest destruction is vital to society’s health and well-being. So we asked ourselves: how can we leverage more resources to support what we know are effective solutions? The scale of funding needed to halt or reverse rainforest destruction is so large that we can't just do what we've always done to raise funds. We need innovation. We need disruption.”
-Suzanne Pelletier, Executive Director of Rainforest Foundation US and founding member of the BitSeeds Foundation