We've got important updates regarding RNG Coin. Currently RNG Coin is POW minable coin, which has the same structure like old school coins like Bitcoin, Litecoin etc..
Such architecture has no protection against double-spending attacks also known as Sybil attack. According our Roadmap we are planing to integrate Hybrid POS algorithm to protect our coin from the such attacks. We have two options:
1. Make a snapshot of current RNG blockchain and integrate it into the new coin, with integrated Hybrid POS. Which means we are making a fork of RNG Coin
2. Make a genesis block and begin the new chain of coin from zero with 10% of premine
We've decided to choose number two, which means - after the integration of Hybrid POS algorithm we are making a 10% premine and running the RNG Coin from new genesis block. So the participators of Fatum ICO going to purchase new type of coin and current RNG Coin isn't involved into crowdsale.
So what gonna happen with current RNG Coin? We've decided to change the name to RNGC (RNG Coin Classic) and list it into the two exchanges. It will be fair decisions and all current miners will able to trade the coin into the exchanges. The date of listing RNGC is around late September, early October.
Once again, current RNG Coin has no nothing with current Fatum ICO. Participators whom purchasing RNG Coins into the Fatum ICO, purchasing the brand new coin with integrated Hybrid POS algorithm, which going to protect the coin from double spend attack and make it stable and secure.
It was hard decision, our apologizes for all who was upset, but it's the only one right choice.
RNG Coin requires a financing to make the project successful. We need a financing for development team, for the coin listing and for advertisement. Everyone who's interested into RNG Coin and believes it, we are asking to become a participator of the Fatum ICO. We need your support. We are creating this project with all passion and strong believe in cryptography, decentralization, transparency, equality.
Up to now the whole project development and implementation has been carried out due to the enthusiasm of the founders and micro investments. Now the main phase has come, we believe in the future of our project and we want you to support us. Join the crowdsdale, let's make the project successful together.
https://rng-coin.io/wp-content/uploads/2018/06/coin-1.pngThanks.