Disclaimer: I am not the developer of this coin, nor in any relation with it's creators or founders. This OP is posted for a bounty offered by developer team in the Services section. For the airdrop or bounties please contact: cygnus.dev
From the very beginning, Cygnus was developed, created and designed with the vision
of what should a cryptocurrency optimally provide to it's miners, traders, users and the overall
community. Our conclusion is that the key points are decentralization, egalitarian distribution,
network stability, ease of access and use. Following this path we created Cygnus and the POW/POS hybrid
block generation method was selected for blockchain security and stability.
Besides the technical development our main purpose is to orientate the whole distribution and
development process towards community. We would like to keep the crowd up to date and give
them the opportunity to contribute and influence the pathway which Cygnus will follow in the
future, therefore now we are launching pretty much a basic blockchain, to distribute initially the
coins, further development phases will be decided in our monthly consensus polls. The consensus
polls will begin at the 1st of every month having a 3 week submission phase and a 1 week voting
phase. The first consensus poll will start at 1st March 2016.
Taking these facts in consideration, we planned the reward structure to be fair for everyone. This
means that, we set up the Proof-of-Work block rewards in such a way that don’t disadvantages
or advantages any miner. We achieved this by setting up high reward blocks, which aims the early
miners, early POOL miners and even the latecomers.
To create a totally egalitarian distribution structure we will give the chance to people, who don’t
possess any high-end GPUs or any other mining equipment, to get involved in our project. For these
users we prepared an airdrop/giveaway and numerous bounties which will help to get more people
involved in Cygnus.
- Algorithm: X11
- Ticker: CYG
- Block generation method: Hybrid PoW/PoS
- Block Target Time: 60 seconds
- Total PoW supply: approx. 25.885.320 CYG**
- Premine: approx. 8.25%
- PoS reward: 25% per year
- Stake minimum age: 180 minutes
- Stake maximum age: 1 month
addnode=104.47.141.18
addnode=213.168.249.109
addnode=77.200.5.30
Pools Block Explorers 
FaucetPaper Wallet
YobitC-Cex 
From now we are accepting proposals for our first consensus poll, you can submit them here.
https://docs.google.com/forms/d/1elhnm-RwM1-p56s7Jc08W-oATyRJ97BU63_7Ds_26Bg/viewformThe first submission phase started on 1st of March, 2016. This will last until 23rd of March, when the 3 most requested topics will be listed for voting. Once a successful launch occurred, and we are assured that the PoW system works without any problem, our first IMPORTANT checkpoint will be the first Consensus Poll. As we've mentioned before, every poll will have a 3 week long submission phase which will be followed by a 1 week voting period.
During the submission phase users will be able to submit their proposals for 3 different categories. The first category will be for Technical Development questions. Here will come all the topics which may be related with Cygnus technical development and adding or changing key features. The second category will cover all the PR related topics, such as ease of communication, user friendly interface, targeting new markets, etc. The third topic will cover all the suggestions for poll which are not covered in the two categories enumerated before.
For each poll there will be selected the 3 most requested topics, one for each category. Once the final questions are selected, the voting period will start. At each Poll there will be multiple choices. Consensus means majority wins disregarding the number of voting options. Once a voting period ends, and we have the final results, the chosen options will be implemented in Cygnus Roadmap, and a new poll submission phase will start.
For the first poll we will release a wallet update which will have the Poll tab, you will be able to cast your votes there. Votes for the first poll will not be cast on blockchain yet, we scheduled to implement -on blockchain- voting for the April poll.
As we've highlighted before, we would like to reward all the miners who enter in different phases. We've created multiple "Super-Block" phases. These phases offer high reward blocks for early miners, early pool miners and even for latecomers. The target block-time is 60 seconds, and 40 blocks are required for maturization.
You can see the Proof-of-Work reward structure below :
- Block 01 - 2.137.320 CYG
- Block 02 - 500 - 2000 CYG
- Block 501 - 1500 - 500 CYG
- Block 1501 - 3000 - 2000 CYG
- Block 3001 - 5000 - 1000 CYG
- Block 5001 - 7500 - 500 CYG
- Block 7501 - 8000 - 2000 CYG
- Block 8001 - 10.000 - 1000 CYG
- Block 10.001 - 15.000 - 500 CYG
- Block 15.001 - 15.250 - 2000 CYG
- Block 15.251 - 20.250 - 1000 CYG
- Block 20.251 - 25.250 - 500 CYG
- Block 25.251 - 35.251 - 250 CYG
The Proof-of-Work phase will end at block 35.250, until then approximately 25.885.320** CYG will be mined. After this. users will be able to grow their CYG holdings by Staking. The Proof-of-Stake phase will start simultaneously with Block 1 of the PoW phase. The minimum stake age is 180 minutes while the maximum age is 30 days.
**Some of the POW blocks will be "stealed" by the POS blocks that's why it is unable to retrieve the final and exact number of POW rewards
The first block of the PoW phase, will have a reward of 2.137.320 CYG, which is approximately 8.25% of the approximate total supply. This ~8.25% premine will be divided in 2 parts. The first part, 949.920 CYG ( 44.444% of the premine, ~3.66% of the total supply), will be offered for different bounties.
Bounty wallet - 5pewvYup8sHoT1n2FmJcQ7GyHaM86cQwhfBelow you can find the list of the first bounties:
- OP in Bitcoin Forum > Alternate cryptocurrencies > Announcements (Altcoins)1 - 30.000 CYG - Claimed - zsnorbi
- First Block Explorer2 - 40.000 CYG - Claimed - tekyboy
- Second Block Explorer - 30.000 CYG - Claimed - lin0sspice
- First Pool - 50.000 CYG - Claimed - poolmn
- Second Pool - 30.000 CYG - Claimed - loutchano
- Permanent Node Hosting - 5 * 10.000 CYG - - All claimed
- Mac OSX wallet - 30.000 CYG - Claimed - mammix2
- Android wallet - 100.000 CYG - Available
- iOS wallet - 100.000 CYG - Available
- Paper Wallet - 70.000 CYG - Claimed - bhokor
- Faucet - 30.000 CYG - Claimed - antho281
- Website3 ( Responsive HTML landing page) - 50.000 CYG - Claimed - g3rszpi
- First Game - 50.000 CYG - Available
- Second Game - 30.000 CYG - Available
- Multi-Pool - 50.000 CYG - Available
- Media Publication - 2 * 30.000 CYG - 2 Available
- Signature Campaing4 - 20.000 CYG - Reserved - TBA
- Translations5 - 10 * 10.000 CYG - All claimed
Disclaimer: - An announcement was posted prior launch in the Altcoin/Services section.
- The first Block Explorer must be released within 48 hours after the official launch
- We provide the Domain, Hosting, SSL, etc. Basically the participant just have to send us an HTML compatible website design
- More information regarding the Signature Campaing TBA
- Please contact us for more information regarding translations.
- Before applying for a bounty make sure that it's still available
- At the moment, 920.000 CYG are offered for bounties. The whole bounty budget will be sent to a "Bounty Address" from where, participants will be paid, once they've fullfilled the terms.
One of our main goals is to make the distribution of Cygnus as fair as possible. This is the idea behind our decision to set a premine of ~8.25%. As we've mentioned earlier ~44% of the premine (949.920 CYG ) was redirected for bounties and rewards. The second part of the premine( approx. 4.58% of the total supply, 55.556% of the premine), 1.187.400 CYG will be distributed free between bitcointalk.org users. This fund will be held in an Airdrop wallet and equally distributed between the users who submitted a valid request, and was accepted after verification. A total of 1000 users will be accepted for the airdrop, which means that, every accepted user will get 1187.4 CYG.
Airdrop wallet - 5jVPijawjM8YUEYGyk1n5n1sKQsfDkdLFj The Airdrop period will last for 2 weeks. In this 2 week period we will continuously verify the requests. Users who would like to take part in the distribution must send a PM to
cygnus.dev user with the following content :
• Bitcointalk.org username*:
• Bitcointalk Rank*:
• Cygnus address*:
• Notes:
All fields marked with * are compulsory for a valid request.
For other IMPORTANT information regarding the Airdrop please read carefully the Disclaimer below!
Disclaimer: - Minimum Member Rank - No Newbies or Jr. Members will be accepted.
- Must have a constant,continuous post history. Users who had major gaps in their post history will be asked for further verification.
- If there are any suspicions around an account, probably further verification will be needed.
- If we discover an user with sock-puppet accounts, all their accounts will be banned from the Airdrop
- We can accept a total of 1.000 users. Who claims it's share after all the shares are reserved, will be automatically declined.
- If we get too many request and they pile up we will use a FCFS method. (First Come, First Served)
- In case of rejected requests, we will not reply to any complains in the official thread, PM us if you feel that your application was rejected without any reason.
- We reserve the right to modify these rules during the distribution process.
- All airdrop claims will be honoured within max. 48 hours
The following translations are already made. If you are willing to translate the OP to your language, just translate it and shoot us with your link.
