NUL coin - coming soon
NUL is not an acronym for anything.
Its just a name we came up with, which actually describes about this coin's origin.
We don't have an economical, easy to get POS coin and we have decided to create one in order to learn the POS capabilities.
NUL coin is created from nothing and its going to be 'the coin' for the people to learn more about cryptocurrencies and be a part of the crypto currency revolution.
We hope to bring this coin to the masses, with a good distribution mechanism (as described below), so that people get a taste of the revolution to come and be prepared for it.
- No Contribution needed
- No miners
- 100% Proof-of-Stake Coin
- Maximum of 6,666,666,666 coins
- No leader, only members
- All decisions made by the stake holders
- Each and every coin will be audited for public perusal
Source: https://github.com/nulcoin/NUL.git (To be updated)
Clients: To be Updated
HistoryWe are going to start this project as part of the KLONE experiment.We liked a lot of NXT's features and the biggest negative publicity we had seen about NXT is its initial distribution and we hope to rectify that with this project.We wont be asking for any monetary contribution for this project at all.We have a some very interesting ideas about the new features we can add on top of NXT, but would share more details once we do a technical analysis with the development team, as we guys are mainly from marketing background here.
DistributionThe distribution of the coins is done in 2 parts.
Part 1 - Distributed amount is 50% or 3,333,333,333
- You can join here by saying why you want to be part of this project.It could be 1 word, sentence , a paragraph or a page
[The only requirement is, your bitcointalk account MUST have been started before today with an activity of at least 10]
- Active Contributors
Each active contributor described below would get 10 times normal stakes.The additional stakes will be distributed to the active contributors depending on their contributions.
Community reserves the right to replace an active stake holder, if he/she is found incompetent in his/her specified role.
- Developer Stakes X 5
- Marketing Stakes X 5
- Distribution Coordinators X 5
- Best Logo -1 extra stake
- Best Caption - 1 extra stake.
Please PM me if you are interested in any of these stakes for active contributors.
We hope the initial stake holders are true believers of crypto currencies and they will distribute their coins to their friends, families etc. as this coin costs nothing and by making more people aware of
the cryptocurrencies, we are actually bringing lot of values to the other portfolio of our cryptocoins
Part 2 At the beginning of Part 2, we will have a NUL pool of 3,333,333,333 coins.
A NUL era is a period of 66 days.The distribution coordinators will select a random amount/percentage (algorithm dependant) of coins to distribute, for each NUL era and is posted to the public at the begining of the era.If the coin has some monetary value at this point, half of this amount is directly donated to a charity, which is selected by the community and the other half is distributed for the interested public.If no consensus on charity is reached, the charitable amount will be returned to the NUL pool for future distributions.The only requirement here is to have at least 10 followers/friends in their social network profile, to acquire some NUL coins.At the end of the NUL era, a list of stake holders is published and the number of coins distributed to each stake holder will depend on the number of followers they have.This is because we want the coin to reach actual people and not sock puppet accounts.The more followers, more coins you get.
Note:
We are a group of crypto enthusiasts, who had a bit of fun with DOGE coin trading and is currently set aside a pool of 1BTC for the success of this coin, from our DOGE profits, as we want to give something back to the community.We might add more from our personal funds to this project, if DOGE does well and there is enough interest from the community.But we will never ask for any of your money -- guaranteed.We all will be equal stake holders in this new project, like any of you.
Lets start from NUL then!
