PHILANTHROPIC BASED SCOUTCOIN TO LAUNCH IN 2018
Scoutcoin.com is developing a philanthropic based cryptocurrency to benefit the scout* community worldwide.
Scoutcoin is a decentralized, peer to peer, cryptographically secure electronic token that may be used for many purposes. In the tradition of scout organizations worldwide, Scoutcoin will help the community in an open, honest and inclusive way.
Scoutcoin is derived from Bitcoin. What sets Scoutcoin apart from other crypto currency coins is its focus on the millions of young adults in scouting, and the Scoutcoin Fund that is established at the start and continues to be funded with an ongoing 10% fee of the Proof of Stake Interest.
This Fund, overseen by an advisory board of diverse individuals from numerous backgrounds, will distribute value as it accumulates to Scout driven projects. Furthermore, the original Fund will also reach out to scouting organizations to explain crypto currencies and the potential benefit as well as offer some of the initial Scoutcoins to regional chapters that oversee millions of scouts.
Scoutcoin started as an idea created by 16 year old Michael Willis, a scout of 11 years. The idea was a good one and went from planning to actual development. The original goal has stayed the same, allow any scouts to become involved in crypto currencies and also give back to the community.
The advisory board will oversee the Scoutcoin Fund and distribution of value to worthy goals as they are submitted during two funding cycles per each year
Scoutcoin is seeking input and feedback from the community as a whole through Feb 28, 2018 either via forums, or at
contact@Scoutcoin.com to finalize plans. Scoutcoin will launch in the second quarter of 2018.
Initial coin thoughts :
- POS to save on intensive mining
- Mining distribution along the lines of CURE. This allows the mining to benefit the world
- Send vouchers for coins to regional scout troops
- Based on an existing coin tweaked to have an automatic share of the interest fees sent back to the Fund
Tentative Roadmap :
Community feedback taken - Feb 2018
Full Advisory Board in place - March 2018
Whitepaper released with full specs - March 2018
Full Roadmap - March 2018
Scoutcoin website beyond the basic one - Q2 2018
Development - Q2 2018
Coin Launch - Q2 2018
*Scoutcoin is not currently endorsed by any scouting organization. This includes any organization under the World Organization of the Scout Movement (WOSM). Scout is used as the generic term of a person involved in a community oriented organization.
