LJcoin development planWe think that the cost of LJcoin by the end of 2018 will not exceed $ 5- $ 10 per coin. And that's why we think so:
- LJcoin is a complete Bitcoin analog using the Scrypt algo.
- Unlike Bitcoin, the maximum number of coins is increased from 21 to 252 million (84 + 84 + 84).
- Of these, 84 million coins have not yet been mined, and are already being actively mined. You can also mine it via Ljcoin-wallet on your home or work computer.
- 84 million will be evenly distributed among users of LiveJournal. We intend to use the mechanism of hierarchical distribution for this purpose.
- 84 million we intend to gradually distribute in exchange for Bitcoin among the founders, in order to obtain the resources necessary for marketing.
- Now Bitcoin costs $ 10,000 for one coin, and LJcoin is distributed free of charge. What is the difference? In the number of users and computing resources involved in the mining of coins.
- By distribution of LJcoin among the users of LiveJournal for free, we will achieve that the LJcoin user base will be comparable with the Bitcoin user base. And, consequently, their value becomes comparable.
- Accordingly, the computing power of the network LJcoin will also grow. Since many LiveJournal users will mine LJcoin for their own needs (purchase of subscribers, paid reposting, and the like).
- All this together will give rise to the value of LJcoin to the level of $ 5- $ 10 per coin.
- But why not $ 10,000 for one coin, like Bitcoin? Because, LJcoin coins are 22 times larger than Bitcoin coins. And also because we consider only realistic scenarios that take into account the inertia of the market.
- Right now we are ready to change up to 4 of 84 million LJcoin on Bitcoin, according to the principle of a closed auction. You write in PM how much LJC you need (minimum lot: 10,000 LJC) and how much you are willing to offer BTC. The best offers will win.
- We will find it good if we get for these 4,000,000 LJCs from 4 BTC and more. These bitcoins are needed for the development of primary infrastructure and marketing activities.
- Also, in the near future will be launched Bounty-campaign and AirDrops. We'll keep you posted.