[ANN] YupCoin [YUP] Pos with Masternodes and Decentralized Governance

[notforhire]

YupCoin

◢◤ Proof of Stake Yup uses Proof of Stake technology to confirm transactions and keep the blockchain moving. This dramatically minimizes the impact on the environment, and allows anyone to participate, without the need for expensive mining gear.	◢◤ SeeSaw Reward Mechanism The SeeSaw mechanism assures a healthy balance of stakers and Masternodes on the network by incentivising one or the other more based on the current network need. If there are not enough stakers a higher percentage of the block reward will be given to them than Masternodes, and vice versa until the appropriate balance is once again achieved. Ideally 1/3 of the coins in existence should be locked up in Masternodes, this allows for 1/3 of the coins to be staking, and 1/3 of the coins to be providing liquidity to the market and circulating among users. That seems about right, but could be altered if need be to promote a healthy network. If 1/3 of the coins are in Masternodes the block reward would be equally split between the staker and Masternode.	◢◤ Decentralized Governance Yup has a built in budget and voting system. Proposals can be made by anyone and are voted on by Masternodes. There are coins available to be used for projects related to Yup and its advancement, allowing anyone to contribute and be rewarded directly via the blockchain. The voting system can also be used to gauge support for any proposed changes to the coin or its underlying protocol.
◢◤ Masternode Network Masternodes are responsible for facilitating the Mirage and UrgentX features. They are full nodes that run 24/7 and require collateral of 10,000 YUP to be locked. In exchange for providing this service, and locking up the coins, effectively reducing supply, the Masternode owner is rewarded a portion of the block rewards. The percent of the block rewards earned is variable, and based on the SeeSaw reward mechanism.	◢◤ Mirage Mirage is the name of the decentralized mixing implementation that obfuscates and provides a greater degree of privacy/anonymity to the transactions of the YupCoin network. This is done via an improved version of Gregory Maxwell's CoinJoin. The Masternodes are responsible for making this possible in a completely decentralized fashion. This allows for a level of anonymity unacheivable by most bitcoin derivatives.	◢◤ UrgentX UrgentX is a service that allows for near-instant transactions. Through this system, inputs can be locked to only specific transactions and verified by consensus of the Masternode network. Conflicting transactions and blocks are rejected. If a consensus cannot be reached, validation of the transaction occurs through standard block confirmation. UrgentX solves the double-spending problem without the need for longer confirmation times of other cryptocurriencies such as Bitcoin.

◢◤ Exchanges
coinsmarkets.com

◢◤ Block Explorer
Block Explorer

◢◤ Website
yupcrypto.com (work in progress)

◢◤ Join us on slack
Yup_Cryto slack


◢◤ PoS Reward Breakdown

Phase	Block Height	Block Reward
Phase 1	201-21600	50 YUP
Phase 2	21601-43200	25 YUP
Phase 3	43201-Infinite	10 YUP

______________________________________________________ ◢◤ YupCoin - Downloads Source code: https://github.com/notforhire/Yup Windows Wallet: Windows 64 Linux Wallet: Linux 64 Mac wallet: Mac

______________________________________________________ ◢◤ Specs Block Reward: Variable based on SeeSaw Reward Mechanism Transaction confirmations: 6 Coinbase confirmations: 40 Block time: 120 seconds Total coins: Unlimited Premine: 1 Million Masternode collateral: 10,000 YUP

________________________________________

[moonswamp]

Total coins: infinite 。。。

is this coin mine-able or totally POS ?

[jr_007]

Pure PoS . So you have to buy coin in ICO ?

[manfromafar]

UMMM just so you know. The chains trying to pay a masternode that doesnt exist and we can validate blocks

Code:

2017-10-24 05:03:45 ERROR: CheckProofOfWork() : hash doesn't match nBits
2017-10-24 05:03:45 ERROR: CheckBlockHeader() : proof of work failed
2017-10-24 05:03:45 ERROR: CheckBlock() : CheckBlockHeader failed
2017-10-24 05:03:45 CreateNewBlock() : TestBlockValidity failed
2017-10-24 05:03:45 Masternode payment of 0.00 to 7J5eTAyegUcYZL69YkUHkbAHPxnGSp8Vmx

[kayson2]

So i only need run wallet for mining, right?
Or have buy some coin put in to my wallet

[defyance]

ico price?
ico dates?
ico amounts?

you should rename this to pre-ann

[defyance]

So i only need run wallet for mining, right?
Or have buy some coin put in to my wallet

proof of stake requires you to have a stake in the chain, in your wallet to receive pos rewards

[kayson2]

So i only need run wallet for mining, right?
Or have buy some coin put in to my wallet

proof of stake requires you to have a stake in the chain, in your wallet to receive pos rewards

May i mining coin?

[catcatcatcat]

Can I also premine pls? 

[bricktop8]

so how do we get the coins? ico, airdrop, pow 

[cryptojai]

So i only need run wallet for mining, right?
Or have buy some coin put in to my wallet

proof of stake requires you to have a stake in the chain, in your wallet to receive pos rewards

May i mining coin?

you can buy coins from dev and keep your wallet open, you will get stakes. No pow mining.

[kayson2]

So i only need run wallet for mining, right?
Or have buy some coin put in to my wallet

proof of stake requires you to have a stake in the chain, in your wallet to receive pos rewards

May i mining coin?

you can buy coins from dev and keep your wallet open, you will get stakes. No pow mining.

how can i order? btw, any bouty, airdrop program??

[dsaf89]

how to get coins

[dsaf89]

how much coins per POS

[divedaucd]

How to buy this coin?

[davidkakeko]

wait for more updates
bounty and airdrop website

[dsaf89]

where to buy coins

[notforhire]

Anyway, sorry for the delay guys. An issue arose with the chain after launching, someone had gotten ahold of the wallet before the actual launch and the chain kept getting corrupted when their wallet tried to connect. The issue is solved now, the premine is mined via PoW in the first 200 blocks, that is going on right now, I am going to put a couple checkpoints in the wallet and release a new version so that things can get started off right. I wanted to take care of that before even talking about how to get your hands on some coins.

Now, on to how to get some coins. We are going to do an air drop of some type, and we are ironing out the details now. In the meantime we will pay bounties for just about anything. If you have something to provide the community just shout.

In a few hours I will be push the updated wallets to github with the checkpoints. You will need to delete your data directory if you ran the version 1.0.0.0 wallet.

Once everything is up and running we'll send some coins around and then we can move on to other discussions.

[notforhire]

The new wallets are up, https://github.com/notforhire/Yup/releases/tag/v1.0.0.1. Remember, if you ran v1.0.0.0 then you will need to delete everything in your data directory before starting v1.0.0.1.

Details regarding initial distribution will be coming tomorrow. We are open to any suggestions before we finalize our decision.

[kumiskura]

can you re arrange it a little bit ?
and also,why i found it funny to see it ? because if i remember it correctly,
your announcement and Bitsend announcement quite similiar.
are your project related to it ? or it's just copying their announcement ?
still waiting for more information,