Total coins: 500,000 (all for distribution) all premine
TOT Distribution
400,000 for bounties exchange and 100,000 for other bountiesDistribution: Free and paid for exchange
Algorithm: Scrypt
Total coins: 500,000 all premine
Block Reward: TX Fees Only - Variable Reward
Block Time: 120 Seconds
Trade Confirms: 2 blocks
P2P Port: 42400
RPC Port: 42401
Total Coin is a proof of concept that will showcase that mining for transaction fees is a sustainable way forward for cryptocurrencies.
As such, all coins were freely and fairly distributed to anybody who requested some during the 30-day distribution period.
Bounties :
10000 TOT for 0.01 btc for exchange
1000 TOT for German translation
1000 TOT for Spanish translation
1000 TOT for Chinese translation
1000 TOT for Italian translation
Exchanges soon:
Yobit
Novaexchange
Windows wallet
Source :
https://github.com/totcoindev/totcoinConf :
server=1
rpcuser=theusername
rpcpassword=thepassword
rpcport=42401
rpcallowip=127.0.0.1
More Information:
Total Coin, also known as TOT, is an alternate cryptocurrency that is defying normal convention in its method of mining and distribution. While some coins are mined, or earn you interest, Total Coin is exclusively redistributed by its users, and block rewards are generated only by network transaction fees.
The word "Total Coin" refers to the terminology of mining before a coin is officially launched. Although the word has had both positive and negative connotations, it simply refers to coins that have been mined before launch. Since all of Total Coin was mined before launch for distribution, the name symbolizes its unique method of distribution. Proof of Distribution, if you will. So even though technically all of the coins are “Total Coind”, they are all in the hands of the community.
Total Coin is setting out to prove that cryptographic currency can continue long after the minting process has ended, making it not only a fascinating glimpse into the future of Bitcoin, but also a viable and stable alternative that thanks to its low total supply of less than 500,000 coins, allows each coin to store a great amount of wealth. This makes TOT an excellent alternative store of money. To say Total Coin is the future of Bitcoin isn’t far from the truth.
Will Bitcoin be able to survive once the minting of new coins has ended? Nobody knows. TOT started with a market cap of zero. Bitcoin currently has a market cap in excess of $8 Billion USD. Already suffering from volatile pricing, we may discover that Bitcoin might not survive this transition, and that no coin with such a high market cap ever could. In this sense Total Coin is also future-proof, having avoided this hazardous transition phase altogether.
We have not only side-stepped this potentially hazardous event, we have embraced it and made it the very essence of TOT. No inflation. Just distribution.
Total Coin is a Scrypt coin, just like Litecoin. When you mine Total Coin, you are mining the transaction fees generated by all the people who buy, sell and trade it. In this sense, you can only mine TOT as fast as it is bought and sold, making it exceptionally stable. It does not suffer the major flaw of most cryptocurrencies, which is market flooding caused by a large drop in mining difficulty. This inevitably leads to downward pressure on market pricing causing the altcoins you hold to devalue at any given moment. TOT is not based on this model and, therefore cannot flood the market in this manner.
In TOT, The market affects the block rewards, and the block rewards affect the market. The two coexist and always seek to balance one another. TOT is built on this symmetry, and that makes it an exciting investment as well as a powerful means of exchanging goods and services.
All of the coins that ever exist have already been created and have been entirely distributed amongst the community. This distribution has continued ever since on all levels, not just by the developer, but by community members and even the exchanges.
Total Coin is more than just an experiment. It's a concept that is proving to work.
If the concept interests I launch the wallet
