everettforth (OP)
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August 28, 2017, 11:06:33 PM Last edit: June 11, 2018, 04:50:45 AM by everettforth |
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WhaleCoinAbstractWe describe a simple mined cryptographic blockchain which is designed to power a unique decentralized social network. The social network supports several types of roles and notably the “Whale” role which is given to any user who holds at least 1,000 tokens. The total number of Whales on this network will always be limited and Whales will have the power to influence how blockchain rewards are distributed. An incentive structure will be designed so that “Followers” will attempt to gain approval from Whales who will then influence the blockchain to send them rewards. Websitehttps://whalecoin.orgBloghttps://blog.whalecoin.orgRocketChathttps://rocketchat.whalecoin.orgExplorerhttps://explorer.whalecoin.org/Wallethttps://mywhalewallet.com/Desktop Wallethttps://github.com/WhaleCoinOrg/DesktopWallet/releasesWhitepaperhttps://whalecoin.org/whitepaper.pdfExchangeshttps://mercatox.com/exchange/WHL/BTChttps://stocks.exchange/trade/WHL/BTC(more to come) SocialTwitter: https://twitter.com/whalecoinorgReddit: https://www.reddit.com/r/WhaleCoinOrg/Github: https://github.com/whalecoinorgSpecsPoW Mined No Premine No ICO Mining algorithm: Ethash Total Coin Supply (20-Second Target Block Time)Block Number | Rewards Per Block | 1-1,000 | 1 | (Slow Start) | 1001-100,000 | 15 | 100,001-200,000 | 14 | 200,001-300,000 | 13 | 300,001-400,000 | 12 | 400,001-500,000 | 11 | 500,001-600,000 | 10 | 600,001-700,000 | 9 | 700,001-800,000 | 8 | 800,001-900,000 | 7 | 900,001-1,000,000 | 6 | 1,000,001-forever | 5 | (possibly switch to PoS at some point) | TechnicalBased on Ethereum Miners send mined coins to a smart contract which pays for the Development Fund and Follower Rewards. Social network Dapp to be launched after Block #200,000 Custom Difficulty Adjustment Algorithm: "Ahab"WhaleCoin created a new hyper aggressive difficulty adjustment algorithm, which adjusts the difficulty of every block by +/-10% of the previous block based on whether the last block occurred faster or slower than the target time (20 seconds), meaning the difficulty can adjust exponentially if necessary. This should help protect the chain from 51% mining attacks. Genesis Block Start DateSeptember 4, 2017 11am Pacific Time Current Coin DistributionThis is a 100% mined coin with no pre mine or ICO. After coins are mined, miners send some of the coins to a development and social contract fund. The amount depends on what miners agree on based on consensus of the code they run at the time. Current Coin Distribution (After Block #863270)Miners: 50% Followers: 40% Development Fund: 10% Coin Distribution (Block #200,000- #863270)Miners: 34% Development Fund: 33% Followers: 33% Coin Distribution (Block #1-#200,000)Miners: 67% Development Fund: 33% Poolshttp://whale.spdns.euhttp://whl.hpool.net (china) http://whale.allcanmine.net/http://whale.minerpool.net/http://whale.globalpool.cc/http://whale.ezmine.io/http://whale.2zo.pw/http://whale.orchardcoins.com/(more to come) Other "WhaleCoins"We have found 2 other "WhaleCoin" projects, but they are believed to be abandoned. https://bitcointalk.org/index.php?topic=720600.0 (2014) https://bitcointalk.org/index.php?topic=1028185.0 (2016)
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albanes
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August 28, 2017, 11:54:08 PM |
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Hi Dev ! when can we start mining???
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everettforth (OP)
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August 28, 2017, 11:57:02 PM |
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Hi Dev ! when can we start mining???
September 4th (one week from today).
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mrbildo
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August 29, 2017, 12:42:46 AM |
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Old school launch and not scammy ICO non-sense, can't wait.
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6rq4JioxUqqTmjk8nFEa
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August 29, 2017, 12:45:12 AM |
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Thats one hell of a dev fee
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orion1424
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August 29, 2017, 12:45:35 AM |
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Specs 100% Mined No Premine No ICO Mining algorithm: Ethash Coin emission rate: 5 per block, 4.375 for an Uncle (Same as Ethereum)
¡¡¡The official launch is on September 4, and is already mined 100% of the coins?!!!
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Samahabosa
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August 29, 2017, 12:47:30 AM |
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open plan bounty or airdoop dev ?
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J@soN
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August 29, 2017, 12:52:22 AM |
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Specs 100% Mined No Premine No ICO Mining algorithm: Ethash Coin emission rate: 5 per block, 4.375 for an Uncle (Same as Ethereum)
¡¡¡The official launch is on September 4, and is already mined 100% of the coins?!!!
It say 100% mined not premined which is mean 100% mineable How about halving? no halving? release time? timezone?
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sstercan
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August 29, 2017, 01:09:53 AM |
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waiting for it. but %33 dev fund looks high!!!
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Mazt rhiezt
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August 29, 2017, 01:12:40 AM |
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You mentioned to the miners at least have a supply of 1000 tokens. Is not that big enough for the early players?
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divedaucd
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August 29, 2017, 01:15:57 AM |
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reversed
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CaVO32
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August 29, 2017, 01:19:51 AM |
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as the OP already pointed out, 2 other projects have the same name, lets just hope this project dosent have the same final ending as the other two.
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fortunecrypto
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August 29, 2017, 01:48:26 AM |
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as the OP already pointed out, 2 other projects have the same name, lets just hope this project dosent have the same final ending as the other two.
I hope so the dev will learn from those mistakes I'm sure about that if he fails this one, then we should not trust another coin that will come out with a whale on it even though a cryptocurrency whales are running it
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bladescarr
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August 29, 2017, 03:53:25 AM |
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Will the wallet, pools, miner, etc, all be ready before release? So right on release day we can start mining immediately? Thanks, and good luck!
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kurbeks
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August 29, 2017, 07:20:06 AM |
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Watching and waiting for launch date
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QuadraQ
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August 29, 2017, 07:28:18 AM |
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Interesting idea, and I like that there's no ICO, but the developer fee seems a bit too high. I'm fine with a project being self-funded, since crypto currencies are basically software and software needs maintenance, but what are the plans for the funds? I'm potentially interested, but I'll wait for an actual product.
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rudystyle
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August 29, 2017, 07:30:25 AM |
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as the OP already pointed out, 2 other projects have the same name, lets just hope this project dosent have the same final ending as the other two.
] lol. I think names of developers should be released for more confidence on the project
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webvn20
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August 29, 2017, 07:34:59 AM |
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WhaleCoin like ETh, above said "As an Ethereum Geth fork, all Ethereum tooling should be compatible....." i think this is good plan , i hope web wallet is coming soon , save whale is slogan .
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MetaSk
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August 29, 2017, 07:37:06 AM |
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Looking forward to mining this coin
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everettforth (OP)
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August 30, 2017, 04:32:43 AM |
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We are currently looking for ethash pool operators. Please contact us if you're interested.
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