ANN - LEOcoin - Official announcement regarding LEOcoin from LEOcoin Foundation

[LEOcoin Foundation]

What is LEOcoin?

Technical information about LEOcoin
LEOcoin (LEO) is a peer-to-peer cryptocurrency and open source software project. LEOcoin creation and transfer is based on an open source protocol and is not managed by any central authority.

LEOcoin is an altered version of Litecoin and used scrypt-Jane as a proof-of-work (POW) and proof-of-stake (POS) algorithm with a modified nFactor that raises over time to increase memory requirements. The proof-of-stake procedure asks users to prove ownership of a certain amount of LEOcoins. This makes the LEOcoin network more secure and over time also creates new LEOcoins without consuming large amounts of energy. Due to the larger amount of memory needed on higher nFactors, it is expected that LEOcoin can ultimately only be mined with a CPU. The idea behind this, is that LEOcoin mining will stay openly accessible by people all over the world. (Update: in May 2016 there will be a likely change to a solely POS mechanism).

The LEOcoin source code on GitHub LEOcoin mentions following properties:

•   LEOcoin algorithm: scrypt-Jane
•   Maximum number of LEOcoins: 1 Billion LEO
•   Premined LEO Company Stock: 50 Million LEO (5%)
•   Block Time: 60 Seconds
•   Minimum Stack age: 10 days.
•   Maximum Stack age: 30 days.
•   Difficulty: Retarget every block
•   No block Halving Rate
•   Block Award: 20 LEO
•   First block: 15 June 2014 (15:23:02)


Nfactor times for LEOcoin

nFactor	N-value	Date
4	32	Sun, 15 Jun 2014 15:22:56 GMT
5	64	Sat, 21 Jun 2014 17:01:04 GMT
6	128	Tue, 24 Jun 2014 17:50:08 GMT
7	256	Fri, 27 Jun 2014 18:39:12 GMT
8	512	Sun, 06 Jul 2014 21:06:24 GMT
9	1024	Wed, 09 Jul 2014 21:55:28 GMT
10	2048	Sun, 03 Aug 2014 04:28:00 GMT
11	4096	Fri, 15 Aug 2014 07:44:16 GMT
12	8192	Sat, 20 Sep 2014 17:33:04 GMT
13	16384	Sat, 08 Nov 2014 06:38:08 GMT
14	32768	Fri, 26 Dec 2014 19:43:12 GMT
15	65536	Thu, 09 Jul 2015 00:03:28 GMT
16	131072	Wed, 14 Oct 2015 02:13:36 GMT
17	262144	Sun, 31 Jul 2016 08:44:00 GMT
18	524288	Wed, 23 Aug 2017 17:24:32 GMT
19	1048576	Sun, 16 Sep 2018 02:05:04 GMT
20	2097152	Wed, 24 Nov 2021 04:06:40 GMT
21	4194304	Sat, 17 Dec 2022 12:47:12 GMT
22	8388608	Fri, 20 Jun 2031 10:11:28 GMT
23	16777216	Sat, 13 Nov 2038 21:46:08 GMT
24	33554432	Fri, 17 May 2047 19:10:24 GMT

User information regarding LEOcoin

•   open for all miners and mining pools
•   can be exchanged for cc & fiat currency (BTC, USD, GBP, EUR)
•   anonymous
•   secure
•   user friendly
•   part of a growing community of entrepreneurs


 
What is the LEOcoin Foundation?
The LEOcoin Foundation is a non-profit organization that is dedicated to the development of LEOcoin. The mission of the LEOcoin foundation is to promote the use of LEOcoin and other legitimate digital currencies. Currently the LEOcoin Foundation holds 10 million LEOcoins.


Goals of the LEOcoin Foundation
Through PR, lobbying and providing information to the cryptocurrency world, general public, entrepreneurs and policymakers, the LEOcoin Foundation seeks make LEOcoin one of the leading digital currencies. LEOcoin foundation expects that LEOcoin and other legitimate digital currencies will ultimately form a key component in the global monetary system.


Actions by the LEOcoin Foundation on behalf of LEOcoin

-   Promote LEOcoin with PR, news-updates and videos:

o   in social media
o   with technological policy makers
o   amongst entrepreneurs all over the world


-   Represent LEOcoin in the cryptocurrency world by:

o   joining forums to inform about LEOcoin and to answer questions
o   getting listed on websites that show crypto currency by market capital
o   support mining pools and miners
o   teaming up with leading cryptocurrency exchanges


-   Support projects that endorse the distribution and use of LEOcoin, like:

o   ATM machines
o   API for web developers
o   Online payment systems
o   Merchant promotion
o   LEOcoin Wallets



Important Links & Downloads

LEOcoin Foundation

-   http://leocoinfoundation.org/


LEOcoin Introduction Video

-   English http://view.vzaar.com/2512948/player?autoplay=true&looping=true&border=false

-   Arabic http://view.vzaar.com/2512903/player?autoplay=true&looping=true&border=false
-   Chinese http://view.vzaar.com/2512919/player?autoplay=true&looping=true&border=false
-   Croatian http://view.vzaar.com/2512928/player?autoplay=true&looping=true&border=false
-   French http://view.vzaar.com/2513043/player?autoplay=true&looping=true&border=false
-   German http://view.vzaar.com/2513172/player?autoplay=true&looping=true&border=false
-   Hindi http://view.vzaar.com/2513223/player?autoplay=true&looping=true&border=false
-   Hungarian http://view.vzaar.com/2513269/player?autoplay=true&looping=true&border=false
-   Japanese http://view.vzaar.com/2513320/player?autoplay=true&looping=true&border=false
-   Polish http://view.vzaar.com/2513376/player?autoplay=true&looping=true&border=false
-   Portuguese/Brazil http://view.vzaar.com/2513471/player?autoplay=true&looping=true&border=false
-   Russian http://view.vzaar.com/2513529/player?autoplay=true&looping=true&border=false
-   Serbian http://view.vzaar.com/2513574/player?autoplay=true&looping=true&border=false
-   Slovak http://view.vzaar.com/2513620/player?autoplay=true&looping=true&border=false
-   Slovenian http://view.vzaar.com/2513670/player?autoplay=true&looping=true&border=false
-   Spanish http://view.vzaar.com/2513793/player?autoplay=true&looping=true&border=false
-   Turkey http://view.vzaar.com/2513840/player?autoplay=true&looping=true&border=false
-   Urdu http://view.vzaar.com/2514113/player?autoplay=true&looping=true&border=false


Wallet Downloads

-   Windows 32 &64 bit, Mac OS and Linux (currently under maintenance)
-   Android App https://play.google.com/store/apps/details?id=org.leocoin.leopaywallet


Block Explorer

-   Official LEOcoin Block Explorer http://explorer.leocoin.org/


Distribution of LEOcoin

-   Official LEOcoin distribution https://www.leocoin.org/LEODistribution.aspx


LEOcoin Source Code

-   Official LEOcoin source code (GitHub) https://github.com/Leocoin-project/LEOcoin


CoinMarketCap

-   Solid top 20 place on CoinMarketCap http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/
-   Cryptocoin Charts http://www.cryptocoincharts.info/coins/show/leo


LEOcoin Mining Pools

-   Official LEOcoin Pool http://pool.leocoin.org/index.php
-   LEOcoin.coinranch http://leocoin.coinranch.org/
-   LEO 2 Moon https://www.leo2moon.com/index.php
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LEOcoin Exchanges

-   Official LEOcoin Exchange – app. 17,500 users (London, UK) https://www.leoxchange.com/
-   LEOBIT LEOcoin Exchange – app. 1,100 users (Ljubljana, Slovenia) https://leobit.net/
-       Bitcoin Trading Ltd. Thailand https://bx.in.th/BTC/LEO/

LEOcoin Facebook Pages

-   Official LEOcoin page https://www.facebook.com/LEOcoin.org
-   LEOcoin Club (fan page) https://www.facebook.com/LeoCoin-Club-1614487915462081/?fref=ts
-   LEOBIT Exchange https://www.facebook.com/LEObitLEObit/
-   Official LEOcoin Exchange https://www.facebook.com/leocoinexchange/


Twitter

Follow LEOcoin on Twitter https://twitter.com/LEOcoinORG

[1714685764]

1714685764

[1714685764]

1714685764

[1714685764]

1714685764

[skish85]

Virus total x64 https://www.virustotal.com/ru/file/c3cb67fa2a0a07adde68ff67110e00ec86162dafd29d8971bb1ff1aa97d62d41/analysis/
                  x32 https://www.virustotal.com/ru/file/5ce0d5ec47dd34c66f52dd48310df78a5fc8a0508f59379fc88b10f00b285abb/analysis/

2\56

-Trojan/MSIL.grom
-Trojan.Inject.Win32.169063

[kcanup]

old coin, launching in bitcointalk after minining hard by few for a whole one year and half 

[LEOcoin Foundation]

Virus total x64 https://www.virustotal.com/ru/file/c3cb67fa2a0a07adde68ff67110e00ec86162dafd29d8971bb1ff1aa97d62d41/analysis/
                  x32 https://www.virustotal.com/ru/file/5ce0d5ec47dd34c66f52dd48310df78a5fc8a0508f59379fc88b10f00b285abb/analysis/

2\56

-Trojan/MSIL.grom
-Trojan.Inject.Win32.169063

@skish85

Thank you for your valuable input, I have forwarded this to the programmers and for now have removed the links to the download page until the files have been fixed.

[bathrobehero]

What are the future plans of LEO to prevent further price degradation? As usual the project started out to be pretty optimistic but since September LEO is diving hard to the point that now is pretty much worthless and the trend seem to continue.
Granted, not many people around here knew about LEO up until a multipool added it and it's not on any of the usual and trusted exchanges but still, are there anything worthwhile planned in the future for this coin or is it just a futile last ditch effort to pump the price?

[arielbit]

met some leocoin people last month, and they don't even know who is developing the coin or the how to mine this one..

they just use bitcoin's name for marketing and insert this coin in the conversation/presentation....it is being used for pyramid scheme.

this is an obvious scam..

and nice try making a coinmarketcap https://www.leoxchange.com/ and inserting your coin just below dogecoin and not marking it premined...rank #7 BULLSHIT why not rank it #2 haha scammers

P.S. the leocoin people i've met doesn't even know bitcointalk

[crzybilly]

met some leocoin people last month, and they don't even know who is developing the coin or the how to mine this one..

they just use bitcoin's name for marketing and insert this coin in the conversation/presentation....it is being used for pyramid scheme.

this is an obvious scam..

and nice try making a coinmarketcap https://www.leoxchange.com/ and inserting your coin just below dogecoin...rank #7 BULLSHIT why not rank it #2 haha scammers

P.S. the leocoin people i've met doesn't even know bitcointalk

I've made quite a few comments on their twitter awhile back... then they blocked me because they didn't have answers like so:

#cryptocurrency looks like the price of leocoin is dropping because $5 floor promise not upheld by @LEOcoinORG. You should keep your promise

and

lol @LEOcoinORG blocked me because they've been found out, they are running a #scam in the #cryptocurrency world. #leocoin scam.

oh and my personal favorite

@LEOcoinORG #leo #leocoin find out how Leocoin will be the next paycoin. promises without delivering. $5 promise made, not kept.


Just a reminder to all... Leocoin had once promised a $5 floor

[arielbit]

met some leocoin people last month, and they don't even know who is developing the coin or the how to mine this one..

they just use bitcoin's name for marketing and insert this coin in the conversation/presentation....it is being used for pyramid scheme.

this is an obvious scam..

and nice try making a coinmarketcap https://www.leoxchange.com/ and inserting your coin just below dogecoin...rank #7 BULLSHIT why not rank it #2 haha scammers

P.S. the leocoin people i've met doesn't even know bitcointalk

I've made quite a few comments on their twitter awhile back... then they blocked me because they didn't have answers like so:

#cryptocurrency looks like the price of leocoin is dropping because $5 floor promise not upheld by @LEOcoinORG. You should keep your promise

and

lol @LEOcoinORG blocked me because they've been found out, they are running a #scam in the #cryptocurrency world. #leocoin scam.

oh and my personal favorite

@LEOcoinORG #leo #leocoin find out how Leocoin will be the next paycoin. promises without delivering. $5 promise made, not kept.


Just a reminder to all... Leocoin had once promised a $5 floor

it is a pyramiding scheme brought to crypto currency land, this coin has no innovations and obsolete and no good developer..look at the OP coin features --> "anonymous" haha WTF? the OP does not know shit he/she is a marketeer too

this is just a coin by marketeers to scam people who don't know shit about crypto currency, who will simply think "if i got to bitcoin early i'm already a millionaire so i will invest in leocoin too"

[jasemoney]

Old scam is Old,

http://www.cnbc.com/2015/04/07/bitcoin-alternative-caught-in-pyramid-scheme-storm.html

http://www.ibtimes.co.uk/leocoin-bitcoin-rival-launches-amid-claims-pump-dump-scam-1494561

Articles from April 2015.

/thread

[arielbit]

Old scam is Old,
http://www.cnbc.com/2015/04/07/bitcoin-alternative-caught-in-pyramid-scheme-storm.html

http://www.ibtimes.co.uk/leocoin-bitcoin-rival-launches-amid-claims-pump-dump-scam-1494561

Articles from April 2015.

/thread

that article backup my experience with personally meeting these leocoin people...and they did have those shiny physical leocoin coin.

leofuckingcoin welcome to bitcointalk   .....scam away now.

[LEOcoin member]

Hi - I have an interest here as I have mined LEOcoin and use LEOcoin and I've also met some of the people behind LEOcoin and LEO and I just wanted to post my experiences because there's a lot of negativity in this post that isn't true.

I'm not a poster on this forum but have been reading it and lurking for a while. On those news articles, reading them I see that the journalists just don't understand the direct selling industry. LEO absolutely is a direct selling company and is very proud of that, they have some memberships with the direct selling regulator and in the country that I live in I know they are going through the registration process (it takes a long time and you have to do it one country at a time). But they're not a pyramid scheme because they wouldn't be registered with the regulators if they were. I don't have details but sure the LEOcoin Foundation poster can help.

On the $5 floor - I've searched for it and can't find anywhere where the company said that it guaranteed $5. I remember some scamcoins have done this, but I can't remember LEOcoin doing this - do you have a link?

Also the guys who I have met from LEO and LEOcoin all seem fine people, if this is scam I don't see how they are scamming people? Price is low right now, there has been no pump and dump, if this is a scam who's making money out of it?

Just wanted to post this so that there was some balance to the negative posting. Also, looking at http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/ - if you ignore the non-mineable coins, then LEOcoin is quite high up there.

[Shame_Game]

P.S. the leocoin people i've met doesn't even know bitcointalk

This is a good sign as these forums are a niche at best and not remotely representative of the real world.

[wildduck]

Well from me experience i mined leocoin when nfactor was 14 and i was pretty pleased with it and the price was very good.
Now the price is very low and cpu is almost dominated over gpu.

[LEOcoin member]

What are the future plans of LEO to prevent further price degradation? As usual the project started out to be pretty optimistic but since September LEO is diving hard to the point that now is pretty much worthless and the trend seem to continue.
Granted, not many people around here knew about LEO up until a multipool added it and it's not on any of the usual and trusted exchanges but still, are there anything worthwhile planned in the future for this coin or is it just a futile last ditch effort to pump the price?

One of the reasons I liked LEOcoin is that there is a company behind it and a Foundation that supports it, and I don't think that they will let it go. I see the company is pushing new plans for 2016, and LEOcoin might be part of these, but they're not some random people on the internet, you can see who they are and what they're doing and if you're on the exchange, you get news and updates about what's going on. Right now, mining is quite tough, but price seems to be quite stable now.

[bathrobehero]

What are the future plans of LEO to prevent further price degradation? As usual the project started out to be pretty optimistic but since September LEO is diving hard to the point that now is pretty much worthless and the trend seem to continue.
Granted, not many people around here knew about LEO up until a multipool added it and it's not on any of the usual and trusted exchanges but still, are there anything worthwhile planned in the future for this coin or is it just a futile last ditch effort to pump the price?

One of the reasons I liked LEOcoin is that there is a company behind it and a Foundation that supports it, and I don't think that they will let it go. I see the company is pushing new plans for 2016, and LEOcoin might be part of these, but they're not some random people on the internet, you can see who they are and what they're doing and if you're on the exchange, you get news and updates about what's going on. Right now, mining is quite tough, but price seems to be quite stable now.

Now that's a sock puppet account if I ever seen one. Anyway, you're going to get ripped apart on forums like this for such obviously false statements. Just in the last 24 hours LEO is down by 22.6%.
And of course the market cap figure is also not reflecting reality because it takes into account the total supply and not the currently available supply. But then again, market cap in crypto is a completely useless number.

Most people hate cryptos with a company behind them exactly because there's a company behind them. It's a form of centralization which doesn't sit well with cryptocurrencies in general.

[CTRLX]

Lol GTFO with your pyramid scheme. Once the SEC gets wind of this it will be your asses.

[CTRLX]

And again LOL @ these paid shill accounts. Wake up broskis it's almost 2016, no one here buys into your lies anymore.

[Bayuu]

i can't believe this scamcoin is still fucking active. I've heard outrageous shit about LEOcoin CEO meeting up with the UK prime minister, lol.

[arielbit]

P.S. the leocoin people i've met doesn't even know bitcointalk

This is a good sign as these forums are a niche at best and not remotely representative of the real world.

yes..we are still few, but it is also shows that people are into pyramiding without enough knowledge in crypto currencies...these people is what leocoin is exploiting..and when i asked the leocoin people i've met they told me there is no premine, but leocoin is significantly premined.

[LEOcoin member]

P.S. the leocoin people i've met doesn't even know bitcointalk

This is a good sign as these forums are a niche at best and not remotely representative of the real world.

yes..we are still few, but it is also shows that people are into pyramiding without enough knowledge in crypto currencies...these people is what leocoin is exploiting..and when i asked the leocoin people i've met they told me there is no premine, but leocoin is significantly premined.

Hi, I've done some more searching and I can't find anywhere evidence of what you're saying. Look at coinmarketcap there's no hidden thing about any premine. Not sure you're thinking about the right coin.