[ANN] [ppal] PayPal Crypto --- Official Announcement

[PayPalCrypto]

https://i.imgur.com/bbQWWdD.jpg


1-Introduction:
PayPal Crypto allows you to move money over the internet similar to E-Currency like Perfect Money, OkPay, Western Union etc. but with many improvements add with encrypted technology, including fast transactions with minimal or no fees.
Paypal Crypto have no boundary, no restrictions, no frozen account and no country ban policy because its decentralized electronic cryptocurrency & its your own currency you have to freedom, you have to choice, you have to option what ever you want you can do! send, receive & trade your money every where- any where with your own choice without any one interruption & irrevocable transactions with privacy, impossible to identify because its the PayPal Crypto your own bank with your own policy.

2-Mining:
Mining is the most important thing to create value for a coin the process of adding transaction records to public ledger of past transactions, miners will become the coin more stronger & secure.
33 Million Paypal Crypto Coins will be created in 33 years with most advanced algorithm X11, production decreases halving in every year.

3-PayPal Crypto Specifications:

Name:  PayPal Crypto
Ticker:  ppal
Algorithm:  X11
Network:  POW
Confirmations:  6 network confirmations
Block Time:  60 sec / 1 minute
Block Size:  1 MB
Block Reward:   21 coins per block
Difficulty Retarget:  Kimoto Gravity Well (every block)
Halving:  Every year (every 525600 blocks)
Trade Fee:  upto 0.1
Withdraw Fee:  upto 0.2
Pool Fee:  upto 0.2
Total Supply:  33 million
Premine:   33% / 10.89 million
P2P Port:   6655 (Testnet 16655)
RPC Port:   6665 (Testnet 16665)

4-Distribution:
0.89 Million PPAL reserved for development team. ( To Cover Expenses )
2.0  Million PPAL for network Stability.  ( To Maintain Services, Coin Price Stability & Acceptance )
3.0  Million PPAL has been reserved for Merchants. ( To Cover loss by Fluctuation of Coin Rate )
5.0  Million PPAL is being kept as PayPal Crypto Foundation/Aid. ( PayPAl Crypto Financial Aid will be in Bitcoins )


Official Website:       http://www.ppalcrypto.com/
Github:                   https://github.com/PayPalCrypto
Windows Wallet:      Done  (download from official site)
Mac wallet:             Done  (download from official site)
Linux wallet:            Build from https://github.com/PayPalCrypto/ppalcrypto.git
Paper wallet:           Done  (download from official site)
Exchanges:              Coming Soon..........
Merchants:              Coming Soon..........  

[jimlite]

Let me be first to say, "Get a lawyer."

[badam]

That premine tho

[Primitive]

LOL.  this is going to be hilarious.  a lesson in IP law coming up.

[hagie]

anything wrong ...

check the announcement and check the readme :

What is PayPalCrypto?
----------------

PayPalCrypto is a lite version of Bitcoin using scrypt as a proof-of-work algori
thm.
- 2.5 minute block targets
- subsidy halves in 840k blocks (~4 years)
- ~84 million total coins

The rest is the same as Bitcoin.
- 50 coins per block
- 2016 blocks to retarget difficulty

For more information, as well as an immediately useable, binary version of
the PayPalCrypto client sofware, see http://www.paypalcrypto.org.

regards

[CjMapope]

Let me be first to say, "Get a lawyer."

well shit you beat me to it.

nothing to see here folks.....

[fortunecrypto]

This project is not going to be safe from copyright infringement they are up against a multi million and multi national company they should have think twice before coming up with such a name and this name will be very costly to them..

[gambino]

If I ignored the legal issue, I can't stay blind about the huge premine 33% / 10.89 million

once again copy paste shitclone .... the dev even doesn't change the readme in github

[lulworm]

Why 95% cpu usage? on windows wallet!
I'm out.
Wallet is suspicious!

[sxafir]

Let me be first to say, "Get a lawyer."

I dont think so sign "paypal" is reserved.

[ATA Group]

Let me guess the funds raised you're going to use for the lawsuit against you?!

[monkeydong1]

Account : First post.
Grammar : Does not compute.
Technology : Of a dinosaurus.



Such future wow. SHUT UP AND TAKE MY MONEY ! (only in 2011 it would work).

[Anoona]

You will get a legal problem using Paypal name, also, this is a SHITCOIN! hahaha

[klarki]

That's how you have to be "smart", that only started its work in creating a crypto-currency, so screw it up?
You seriously their coin called PayPal? )
Developer, who are you? What are your past projects?

[goostatic74829]

You will get a legal problem using Paypal name, also, this is a SHITCOIN! hahaha

The high levels of shit will probably be the saving grace

[bitsurfer2014]

Account : First post.
Grammar : Does not compute.
Technology : Of a dinosaurus.



Such future wow. SHUT UP AND TAKE MY MONEY ! (only in 2011 it would work).

Nicely summarized fact;) Moreover "PAYPAL" will be highly interested in this endeavor if ever this one materialized:) "Lessons in IPR 101" 

[bathrobehero]

I mean we're trying to get away from services like paypal as far as we possibly can so why the hell would we mine/use this?

[nagatraju]

Why are you using the Brand Name of "Paypal"? You can't able to found good name for your coin?

Think different, create your own brand!!

[barnes13]

no relation with paypal, just use popular paypal brand for this coin

[rajeshgarnaik]

it will not grow if only name is paypal. more info