[ANN][XMT] Summitcoin - *** ICO COMPLETE*** POW Rewards still available!!

[highaltitude20322]

SUMMITCOIN

Announcing Summitcoin. A Scrypt PoW/PoS Hybrid Coin dedicated to helping you Reach the Summit. We have a team of dedicated outdoor enthusiasts who aim to bring crypto to the mountain. Whether is trading gear and supplies, tagging your inventory on the blockchain, or tipping your guides or fellow climbers, we?ll be an additional tool for your climb. With Summitcoin you?ll also be able use your satellite phone data connection at the peak and immortalize your climb on the blockchain and our blockchain explorer. The possibilities are only limited by not taking the first step.

Everyone Can Reach The Summit!

Summitcoin is intended to be a low inflation coin (less than 1.5% per year) and  will launch via ICO and then followed by short mining period to further distribute the coin. After the first month block rewards will slow for the first year. After year 1 the low inflation POW/POS takes over. While we realize ICO's are not for all, we feel the price we've set combined with a mid level coin supply and we have some potential to bring value to our users and community.

After the successful ICO (possibly during) we will get an official block explorer up and running as well as start a marketing push. Moving forward Summitcoin will launch an online wallet with mobile functionality, and finally lauching a payment gateway and persuing retail relationships with some of your favorite outdoor stores and suppliers!

 

Algo: Scrypt PoW/PoS Hybrid
Difficulty Retarget: Every Block
POS Reward: 1 XMT / block
Block Time: 1 Minute
Block Maturity: 100 Blocks
RPC Port: 29028

Total Coin Supply: 70,000,000 XMT
Premine: (ICO*) - Block 1: 55,000,000 XMT
Week 1: (ICO Period) - Block 2-11,000: 1 XMT/block - (10999 XMT)
Month 1: Block 11,001 - Block 54200: 115 XMT/block - (4,967,885 XMT)
Year 1: Block 54201 - Block 579801: 9.5 XMT/block - (4,993,200 XMT)
Year 2-5: Block 579801 - End of Life: 2 XMT/block - (4,000,000 XMT)
*Unsold ICO coins will be burned. 5,000,000 XMT of the premine will go to the development fund as incentive to keep the devs active and engaged, as well as to be used for incentives and marketing
*update 11/4* We will burn the development premine to match the percentage of the ICO that is sold. EX: if we only sell 10% of the ICO, we will burn 90% of the development premine.

ICO Information
ICO Offering: 50,000,000* XMT
ICO Price: 0.00000200 BTC / XMT
ICO Period: 7 Days
Buy Wall: 100%

*Unsold ICO Coins will be burned.

 


Source

** A REQUIRED UPDATE HAS BEEN RELEASED PLEASE UPDATE YOUR WALLETS IMMEDIATELY **

CLEAR YOUR BLOCKCHAIN IF YOU ARE UPDATING FROM THE PREVIOUS VERSION. (Keep your wallet.dat)
The update has been committed. OS releases are being built now.

POW HAS BEEN ENABLED AND BLOCK REWARDS ARE WORKING.

pool.summitco.in is updated and ready for hash. The pool operators have been notified as has Yobit.

What we need everybody to do:
1. Update to the new source asap, that’ll allow mining to go on, but the old wallets will still work
2. On Friday, we’ll push an update that will cause old wallets to stop connecting

Friday’s update is mandatory only for those who haven’t updated to this one.

Windows
Mac
Source .zip
Source .tar.gz

 
Official Summitcoin Pool
Suprnova.cc
Binpool.com



ICO Hosted at Yobit

 

[ocminer]

Actually I like the Graphics, here's a Pool:

https://xmt.suprnova.cc

[highaltitude20322]

Actually I like the Graphics, here's a Pool:

https://xmt.suprnova.cc

Thanks OC! I've added the link to the OP.

[diks]

win.zip

https://www.virustotal.com/en/file/c2afc9fa87e23f3a07f8461da95ddf31240699f706c64d0d48d89910353e8848/analysis/1446221871/

[oozecoin]

is there a difference between the suprnova pool and the summit pool?

[highaltitude20322]

is there a difference between the suprnova pool and the summit pool?

We wanted to make sure people had a place to mine right away. So outside of the fees, probably not a lot of difference. The more pools we have, the more distributed our hashrate will be. Which adds security to the coin.

ocminer runs a tight ship over there, so feel to check out his pool or the one we've set up.We're appreciative that he took a look and the time to set up a pool.

[oozecoin]

Thanks for the pool info,  Nice video btw.  IM TAKING TEH FIRST STEP!!! 

[kubuminer]

@BinPool - http://xmt.binpool.com/ - up and launch

DEV please added pool in OP

[highaltitude20322]

Added binpool! Thanks Kubuminer!

[stellargratis]

ICo again.....
not respect 

[ktfutura]

Yobit ICO.

fuck off with your $5 graphics.

[highaltitude20322]

Summitcoin website has launched!  Summitco.in

[exemplaar]

Icebergcoin V2.0 

[okane818]

I'm IN.

I like this coin. Trusted.
Specs and the roadmap is complete. Fully to understand.

Good luck XMT

[okane818]

Just a few question for XMT.

how long the Block per second?

[highaltitude20322]

Just a few question for XMT.

how long the Block per second?

Block time is 1 minute. Thanks!

[CryptInvest]

Warning, may be another trojan for steal you crypto. Use on VM only.

[greentea]

seriously?

You don't need an ICO if you have a premine ...

[minerpools]

Actually I like the Graphics, here's a Pool:

https://xmt.suprnova.cc

nothing changes eh?

EDIT: I kinda like this coin, will mine some for sure

[CryptoStake]

5.000.000 premine
100 btc ico

hell yeah!