MEGACOIN IS A NEW TYPE OF DECENTRALIZED CURRENCY
Not minted or endorsed by any nation, but by users across the globe. Anywhere there is internet, you can send or receive Megacoins.
Even in outer space. There are very little rules for Megacoin. To prevent inflation only a limited supply of 42 million Megacoins will ever
exist. Megacoins are mined by users at a set rate for decades into the future. You can get Megacoins for free by mining or trading for
them on an exchange.
WITH MEGACOIN YOU WILL GET THE BEST PAYMENTSYSTEM IN THE UNIVERSE.
No need for Wiring or Carrying Cash across borders. You can send Megacoin to your relatives or business partners to the other side of
the world. No hoops to jump through, no questioning. Just hit send.
Unlike Banks which can require a Credit Check or Social Security Number, Megacoin doesn't ask for anything except a smile. A Megacoin
account is completely free & with low transaction fees. Transactions are complete within seconds, worldwide!
Megacoin has a class of decentralized workers called miners to keep the Paymentsystem secure. Specialized Cloud Computers run encryption
software to distribute Megacoin and verify all transactions on the payment network. Megacoin is absolutely secure against forgery. Everyone
can become a miner, it´s very easy to rent hardware and join a miningpool.
Megacoin is open source software and released under the terms of the MIT license. The global network uses peer-to-peer technology and
consists of hundreds strategic nodes all over the world. Megacoin is global, it faces no boundaries and connects people even from the most
faraway places on earth.
JOIN THE FUTURE OF GLOBAL PAYMENT.
WHAT DOES THE MEGACOIN LOGO SYMBOLIZE?
It symbolizes the chinese three finger gesture. The number 3 (三, Pinyin: sān, jyutping: saam1) sounds similar to the character for "birth"
(生, Pinyin: shēng, jyutping: saang1), and is considered a lucky number. The number 3 is significant since there are three important stages
in a man’s life (birth, marriage and death).
CAN YOU EXPLAIN WHAT "MEGA" IS?
Mega is a unit prefix in the metric system denoting a factor of one million. It was confirmed for use in the International System of Units (SI)
in 1960. Mega comes from the Greek μέγας megas, meaning "great". In computing, mega denotes information units, like megabyte and other
units; for example transfer rates like 1 megabit/s = 1000000 bit/s.
IS 42 MILLION MEGACOINS ENOUGH?
Yes. Besides the fact that 42 is the answer to the ultimate question of life, the universe, and everything. Just like traditional money with pennies
and cents, Megacoins can be divided into decimals with much, much greater precision such as 1 Micro-Megacoin will be 0.000001 Megacoins.
So imagine, instead of someone saying a pizza will cost 5 Mecs or Megs, they might say 5 Micros or 5 Minis. The market will create these naturally.
You are living at a very exciting time!
HOW DOES MEGACOIN KEEP ITSELF SECURE?
MEGACOIN has a class of workers called miners who "mine" MEGACOIN (similar to Gold Miners). Miners run special software on their computer to
run encryption calculations to be the first person to find special codes that will add MEGACOIN to their wallet and put those MEGACOIN into circulation.
Miners also act as accountants to verify all transactions on the MEGACOIN network and compare work against each other to keep MEGACOIN secure.
WHAT ABOUT MEGACOINS HISTORY?
Megacoin started on 2013-05-29 with a pre-announcement on Bitcointalk.org written by an anonymous user called Kimoto (Dr. Kimoto Chan),
Megacoins initial developer. Kimoto created in the following month the KIMOTO GRAVITY WELL for Megacoin, a difficulty retarget system to
prevent multipool influence on the blockchain. In june 2015, two years later Kimoto left the project with a short notice on Bitcointalk.org.
Another two years later, in 2017 the LIMXTEC group started to revive Megacoin.
INITIAL ADOPTION PHASE
Megacoin has been designed to handle rapid growth and a stable future. Only 42 Million Megacoins will ever exist. During the freely joinable
Initial Adoption Phase (IAP) which lasts nearly half a year, 21 Million Megacoins will come into existance. Every Megacoin block has a reward.
Here the block rewards are in groups of 21,000 blocks steping down from 500, 250, 125, 75, 50. Rapid growth during the IAP is fueled by a
balanced amount of increased rewards for miners who secure the Megacoin network.
CIRCULATION BY YEAR
Around the year 2014 to several decades in the future, the remaining 21 Million Megacoins will be distributed at a similar step-down rate.
Every 420,000 blocks (2 years), The reward starts at 25 and is halved each period. 10.5 million Megacoins come from first 2 Years of
420,000 blocks. While the Megacoin release rate decreases as time moves forward, the market value of Megacoins will adjust accordingly.
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