[ANN] KibiCoin (KIC)

[linusdunkers]

Quick data
Name: KibiCoin
Symbol: KIC
Type: PoW
Based on: Litecoin 0.10
Algorithm: SCRYPT
Initial reward: 150 KIC/block
Halving: every 4 years
Block time: 2.5 minutes
Diff retarget: 3.5 days
Default port: 25333
PRC port: 25332

Announcement
https://bitcointalk.org/index.php?topic=1660419

Pool
https://hash-to-coins.com/
http://www.mining-dutch.nl/
https://prohashing.com/

Block explorer
https://prohashing.com/explorer/Kibicoin/

Exchange
https://novaexchange.com/

Website
http://www.kibicoin.org/

Source
https://github.com/KibiCoin/kibicoin

Windows wallet
http://www.kibicoin.org/downloads/kibicoin-wallet.zip

Ubuntu build instructions and video
https://github.com/KibiCoin/kibicoin/blob/master/doc/build-ubuntu.md
https://youtu.be/jyhwvIEjcl4

Social media
https://www.facebook.com/KibiCoin
http://www.youtube.com/c/KibicoinOrg
https://plus.google.com/+KibicoinOrg
https://twitter.com/KibiCoin

How much has been premined?
Planned premine: 4000000 KibiCoin (1.56% as seen in increased block reward for block #2)
Actual premine: 6419200 KibiCoin (2.5%, see explanation below)

Why was there more premine than expected?
Initial mining difficulty was set to the same value as for litecoin and that is far to low to start with today. To correct this we mined 16128 bocks.

Why 16128 blocks and how much more premine did this cause?
Difficulty retarget happens every 2016 blocks (3.5 days/retarget times 24 hours/day times 60 minutes/hour divided by 2.5 minutes/block).
Every retarget can increase diff with not more than a factor 4. Therefore we had to mine 16128 blocks for 8 retargets to happen to bring difficulty to 16.
We had already calculated for a premine of 4 million KibiCoin, all mined in the second block as you can see in the source code.
Because of this unplanned additional premining to get a reasonable diff we instead have 4000000 + 2419200 = 6419200 KibiCoin premined.

Why do you have premining?
All premining was used for coin swap at Novaexchange or was destroyed by being sent to a Proof of Burn address.
Swap 1, Aricoin v1: 103,625,000 ARI was swapped at ratio 25:1 to 4,145,000 KIC
Swap 2, Aricoin v2: 85,500,000 ARI was swapped at ratio 100:1 to 855,000 KIC
Remaining 1419200 KIC from premine was sent to Proof of Burn address LLLLLLLLLLLLLLLLLLLLLLLLLLLLM5jB83
All swapped Aricoins was also sent to Proof of Burn addresses as you can see in block explorers below.
https://prohashing.com/explorer/Aricoin/5UUUUUUUUUUUUUUUUUUUUUUUUUUURAPDgk/
https://prohashing.com/explorer/Aricoin2/5UUUUUUUUUUUUUUUUUUUUUUUUUUURAPDgk/

Nodes (if needed)
We have used two methods of including seednodes in the code, but if you still get problem with no connections then you can try adding the ones below.
addnode=31.148.219.50
addnode=69.73.113.146
addnode=78.70.227.72
addnode=82.30.11.101
addnode=88.99.68.228
addnode=88.206.141.110
addnode=92.51.46.40
addnode=98.115.147.74
addnode=185.16.41.61
addnode=193.34.160.72
addnode=194.1.233.105
addnode=194.132.222.127
addnode=217.175.119.125:8260
addnode=217.175.119.126
addnode=217.175.123.184
addnode=217.175.123.185

How many KibiCoin will ever be created?
Litecoin was first built based on bitcoin source code. They decided to make total max supply 84 million, 4 times more than bitcoin that has a max supply of 21 million. We are trying to make KibiCoin a "third level" of value corresponding to bronze if bitcoin would have been gold and litecoin silver. KibiCoin max supply is 256 million about three times the max supply of litecoin. So the max supply numbers in order are 21 million bitcoin, 84 million litecoin and 256 million KibiCoin.

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[Crypt0bull]

Already at block 16000?

[welshy9]

    16234 blocks mined already ? nice launch lol

[YongMaTheMagicCom]

need more info?

[AngelOfDarkness]

Was this an ICO?

Please confirm if it was Kibi Lotto 

[gambino]

6400150 coins premined 

[linusdunkers]

Already at block 16000?

See updated information, more information will come during this week as I wrote in the initial post.

[Coin_trader]

if you want it to be translated into other languages, i can do the Filipino translation.

[mbah]

i would reserve indonesian translation sir
thank you

[kaconk]

kibo, kobo and kibicoin right now 
watching this 

[DigitalCurrencyConsultant]

Reserved -- watching

NovaExchange kibicoin to Litecoin Market
NovaExchange Kibicoin to Bitcoin Market

[Jcga]

Ready for the french translation, all my best to KibiCoin

[Brob12321]

This looks like a pretty lame coin attempt; is there even a blockchain available to view.  I can't see this coin getting onto an exchange

[nanah777]

too much premine, i think the price will fast down to 5 satoshis

[fortunecrypto]

I hope it's not the same admin as the kubocoin,there are millions of possible names for an altcoin,why pick up a name that is very much sounds like a deadcoin..

People will attach this coin to those deadcoin that sounds like them I don't know if the dev is fuly aware of those coins and it's history..

[TheStuhlman]

you are swapping two other shitcoins for kibi? why and what's the point?

[DigitalCurrencyConsultant]

maybe the dev could make this a cute coin?? with a teddy or a kangaroo?

[robelneo]

This looks like a pretty lame coin attempt; is there even a blockchain available to view.  I can't see this coin getting onto an exchange

Coin is trading already 

NovaExchange kibicoin to Litecoin Market
NovaExchange Kibicoin to Bitcoin Market

Also the home of the piggycoin Espers and doge base markets

Kibicoin will be used to swap out two dead coins more info to come when the OP announces it..

I wonder what are these two other deadcoins? are these coins part of dev coins and if this is true what feature can Kibicoin coin that are much better and preferable than those other deadcoins..

[linusdunkers]

you are swapping two other shitcoins for kibi? why and what's the point?

The swap is only 2.5% of the totalt supply of KibiCoin. We wanted to implement some ideas in the previous two coins, but the developers of those coins are not active and not even responding any more. The domains related to those coins has also expired and the network is very weak. Also the source code was based on old code that was not secure and not stable. So we decided to create KibiCoin instead and offer people that has invested time, mining and money in the two previous coins a way of not loosing it all by offering a swap into KibiCoin.

We don't make promises, we don't say that we are better than any other altcoin. But we will continue answering questions and try to be as transparent as possible. We are working on block explorer and other functions related to an altcoin.

/Linus

[a1binos]

Dev?

chainparams.cpp:202:36: error: converting to ‘const std::vector<unsigned char>’ from initializer list would use explicit constructor ‘std::vector<_Tp, _Alloc>::vector(std::vector<_Tp, _Alloc>::size_type, const value_type&, const allocator_type&) [with _Tp = unsigned char; _Alloc = std::allocator<unsigned char>; std::vector<_Tp, _Alloc>::size_type = long unsigned int; std::vector<_Tp, _Alloc>::value_type = unsigned char; std::vector<_Tp, _Alloc>::allocator_type = std::allocator<unsigned char>]’
chainparams.cpp:203:65: warning: extended initializer lists only available with -std=c++11 or -std=gnu++11 [enabled by default]
         base58Prefixes[EXT_PUBLIC_KEY] = {0x04, 0x35, 0x87, 0xcf};
                                                                 ^
chainparams.cpp:203:40: warning: extended initializer lists only available with -std=c++11 or -std=gnu++11 [enabled by default]
         base58Prefixes[EXT_PUBLIC_KEY] = {0x04, 0x35, 0x87, 0xcf};
                                        ^
chainparams.cpp:203:40: error: no match for ‘operator=’ (operand types are ‘std::vector<unsigned char>’ and ‘<brace-enclosed initializer list>’)