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Author Topic: [ANN] CER - Cereneum is the first interest-bearing cryptocurrency for Gamers!  (Read 79 times)
Cereneum
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July 10, 2019, 01:33:26 AM
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Cereneum

What
A brand-new concept in interest-bearing cryptocurrency for Gamers

Cereneum is a brand new concept in cryptocurrency for gamers: a time-based interest-bearing Cryptographic Certificate of Interest (CCOI) on the Blockchain. Airdrops are given based on five of the most popular PoW cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, and Litecoin. Earn interest by staking your Cereneum for set periods of time.

CrypTrove Games has announced plans to release two games using Cereneum as their in-game currency. Terra Novus will be a trading card game on the Ethereum blockchain, and King's Ascension will be the world's first fully on-chain RPG dungeon crawler with crafting mechanics. We are planning to work with additional game studios with conversations in the works with several mid-sized companies.

In the future, you will be able to trustlessly exchange Ethereum for Cereneum from our web site. You'll also be able to join an Ethereum GPU-mining pool on our web site and be paid out in Cereneum.

Specific details on interest, bonuses, and penalties are listed below.

Pooled Interest
  • 5% interest per year of total supply is paid to stakers (calculated daily)
  • Interest is split between the pool of stakers
  • Stakers get more interest when less people stake
  • Example: If 25% of tokens are staked, the pool splits the 5% interest among stakers resulting in 20% total interest for each staker


Staking Longer Pays More
  • Minimum stake of 90 days (3 months) to qualify (5% bonus @ 3 months) *
  • Long stakes give a 20% bonus multiplier per year of interest payouts
  • Maximum 5 year stake gives 100% bonus
  • Example: A 2.5 year stake gives 50% bonus interest (5% X 1.5 = 7.5% a year)
* Bonus applies to unclaimed redistribution coins as well


MtGox Antidump Protection
  • All MtGox accounts (BTC, BCH, BSV) prohibited from claiming
  • MtGox tokens are redistributed to stakers


ETH Pool Staking
  • After you've claimed all your coins, earn more Cereneum via ETH Staking
  • ETH Stakes are 1 day stakes of Ethereum that pay out in Cereneum
  • Payouts are higher the fewer people participate in the pool

Bonuses

--- Early Adopter Bonuses ---
Active During the First 52 Weeks

Claiming Speed Bonus
  • 20% bonus for claiming in the first two weeks
  • Algorithmic scaling to 0% on day 364 (52 weeks)

Frenzy Bonus
  • 0 - 100% bonus interest multiplier paid to staker pool for number of addresses that have claimed
  • Example: If 50% of all addresses have claimed, staker pool gets 50% bonus multiplier on interest
  • Applies to Robin Hood Bonus

Prosperous Bonus
  • 0 - 100% bonus interest multiplier paid to staker pool for the amount of total tokens claimed
  • Example: If 50% of all available tokens are claimed, staker pool gets 50% bonus multiplier on interest
  • Applies to Robin Hood Bonus

Robin Hood Bonus
  • Starts after two-week buffer period following launch
  • A percentage of unclaimed tokens paid out to stakers every day for 50 weeks
  • After 52 weeks from launch all unclaimed tokens have been redistributed

Referral Bonuses
  • Referral bonus is 20% of whatever the referee claims
  • Person referred receives 10% bonus upon claiming
  • Referral bonus is paid by inflation and does not decrease the referee’s claim


--- Post-Claiming Period Bonuses ---
Active after 52 weeks

Interest Governance
  • As they stake, each staker votes for a pooled interest rate
  • Voting is for multiples of 5% ranging from 5% - 50%
  • Daily interest rate paid in the post-claim period depends on the majority vote
  • Gives the power to gamers

Penalties

Late Claim Penalty
  • Claim amount reduced algorithmically for each day claimed late
  • No claims after week 52

Early Unstake Penalty
  • Penalty is the greater of:
  • ○ 5% of principal per year of intended stake (0.01369% per day)
  • ○ 50% of interest earned deducted + 5% per year of intended stake
  • Example: 5 year stake is 75% of interest deducted
  • Penalty is paid to the staker pool

Late Unstake Penalty
  • 1 week grace period with no penalty
  • 1% of interest earned per day after grace period
  • Penalty is paid to the staker pool
  • No interest rewards 100 days after the grace period
  • Other people can save you from late penalties by calling EndStakeForAFriend

Fair Distribution Penalty
  • Millionaire claims reduced by 50%
  • Cutoff point is specific to each coin type claimed
  • Cutoff will be approximately $1M USD value at time of snapshot


Why
There is a lack of trustless interest-bearing tokens in the cryptocurrency ecosystem. There is little to no reward for holding most tokens and there has been a general lack of adoption of tokens by gamers.

Cereneum solves these issues. It inherits the security of being on the Ethereum blockchain, but without having to pay miners. Instead, interest is paid to stakers. Cereneum will be fully complete and immutable upon launch, and CrypTrove Games has committed to adopting Cereneum as their in-game currency for two upcoming games.

How

Don't Trust, Verify

Cereneum is 100% trustless and verifiable. The creators have no more power than a normal user once the contract is launched.


How it Works

On May 31, 2019, snapshots of BTC, BCH, BSV, ETH and LTC were taken. The blockheights of each blockchain snapshot are listed below. Non-BTC chains were given an equivalent BTC ratio. All UTXOs and wallet balances for each chain were exported to CSV files and made publicly available for verification. These values were used to generate a UTXO Merkle Tree for each chain. The leaves of the Merkle Trees are a hash of the public address and the wallet balance. These files were also made publicly available for verification. The Merkle Roots of each chain were hard coded into the contract at launch time and users can verify that the Merkle Root of each UTXO set matches the Merkle Roots in the contract.


When a user wants to claim their tokens they will sign a unique message such as "Claim_Cereneum_to_ETHADDRESS". Our backend code will compute the public address that signed the message and retrieve the necessary Merkle Tree branches for verification. Users may do all of this on their own if they wish to, but our website will simplify this process for the average user. The contract takes the public address and the amount of the claim and verifies it is a valid claim in the Merkle Tree. Since the Merkle Leaf is a hash of the public address and the wallet balance, if a user tries to submit a claim for a higher value than they had in their wallet, the leaf will not exist in the tree and the verification process will fail.


Signing a unique message is a very safe and common feature in many wallets and WILL NOT expose your private keys in any way.


Snapshot Blockheights

Bitcoin: 578691

Bitcoin Cash: 585009

Bitcoin SV: 577957

Ethereum: 7869351

Litecoin: 1641768


Snapshot
The snapshot was taken on May 31, 2019 at 20:00 UTC.

Contract Launch
The Cereneum Contract launch date was June 6, 2019 at 15:31 UTC.

Stake Period Opening
Cereneum Staking opened on June 20, 2019 at 15:31 UTC.


The Team

The developers of Cereneum are a team of software developers, computer graphics artists, community managers, and quality assurance specialists. The Cereneum team has decades of combined experience in software development. The team has worked together for the last several years running an internet-based software company.

What's in it for the Team?

The Cereneum contract contains a genesis address that receives a match of the bonuses paid out (Speed, Referral, Prosperous and Frenzy). The genesis address does not receive any payouts from the pooled interest or the Robin Hood bonuses unless it stakes tokens just like everyone else. After the first 52 weeks there are no more Speed, Referral, Prosperous or Frenzy bonuses. There is no ICO for Cereneum and we are not raising money.

See more information at
https://www.cereneum.com
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July 10, 2019, 09:54:44 PM
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