WeCoin (OP)
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March 05, 2014, 05:56:51 PM Last edit: March 14, 2014, 05:03:30 AM by WeCoin |
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Exchanges We will be listed on crytptocrush.in after the official launch. Specifications - Algorithm: Standard SHA-3 (Keccak)
- Total Coins: 100,000,000,000 WEC
- Block Time: 60 seconds
- Block Reward: 1-1,000,000 WeCoin per block, halving every ~2 months
- Difficulty: Retargeting using Kimoto Gravity Well algorithm
Improvements Compared With Bitcoin
- Transactions are 10x faster than Bitcoin
- 10x more secured than Bitcoin for using SHA-3 instead of SHA-2
- Consumes 10x less power than Bitcoin
- Permanent ASIC resistance
Different From other SHA-3 (Keccak) coins- The first and only public-premine coin
- Transaction malleability issue is fixed
- Random block reward (From 1 to 1,000,000 WEC coins per block)
- Huge coins cap with 100,000,000,000 WEC coins
Public-PremineThere will be 20% of the coins are premined (approximately 20,000,000,000 - 20 billions coins). These coins will be shared fairly across miners and investors. - 50% of premined coins (10 billions) will go to miners.
- 50% of premined coins (10 billions) will go to the investors.
Poolshttp://wecoin.miningpoolhub.com
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nbphuoc
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March 05, 2014, 05:57:56 PM |
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Wow, public premined, this is new.
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Jarod1231
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March 05, 2014, 06:00:37 PM |
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Why is every new coin either billions of coins or less than 100?
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cryptohunter
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Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
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March 05, 2014, 06:02:05 PM |
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when i hear premined and invest bitcoins...... i start wondering who is about to get their pants pulled down.
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otila
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March 05, 2014, 06:03:07 PM |
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- Consumes 10x less power than Bitcoin
What a funny sentence
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zsnorbi
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March 05, 2014, 06:03:24 PM |
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This seems to be that you are pointing your miners to their pool, they will mine a coin with the pool powers, you will deposit with them bitcoins and at the and you will get nothing.
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cozk
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March 05, 2014, 06:05:19 PM |
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SHA-3 .... have fun... alone.
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gyan1269
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March 05, 2014, 06:13:18 PM |
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love sha-2 support it QQ 群 121245948 welcome
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nawazish1
Sr. Member
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Activity: 462
Merit: 250
PXC Research Team
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March 05, 2014, 06:21:03 PM |
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I am gonna pre-mine I think this is an awesome Idea if all the new releases do this. People will not need to setup solo-mining this means no wastage of time.
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PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H Phoenixcoin (PXC), a decentralised open source digital currency.
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nbphuoc
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March 05, 2014, 06:27:37 PM |
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I am gonna pre-mine I think this is an awesome Idea if all the new releases do this. People will not need to setup solo-mining this means no wastage of time. And the coins will be well distributed too.
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joshua3m
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March 05, 2014, 06:47:33 PM |
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Shawn Martin
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March 05, 2014, 06:51:54 PM |
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Oh sound good ! I will try
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atleticofa
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March 05, 2014, 06:59:01 PM |
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I like the project. Something different, only that IPO should be done with escrow..
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st9999
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March 05, 2014, 07:00:46 PM |
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You can mine it but you can not spend it =))
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nawazish1
Sr. Member
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Activity: 462
Merit: 250
PXC Research Team
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March 05, 2014, 07:11:08 PM |
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Lol I saw that Stackcoin scam.
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PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H Phoenixcoin (PXC), a decentralised open source digital currency.
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nawazish1
Sr. Member
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Activity: 462
Merit: 250
PXC Research Team
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March 05, 2014, 07:13:24 PM |
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You can mine it but you can not spend it =))
Obviously when there is no place to spend where would it be spent in the start..
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PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H Phoenixcoin (PXC), a decentralised open source digital currency.
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nbphuoc
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March 05, 2014, 07:14:49 PM |
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Is this a scam? I deposited 0.001 BTC in exchange for 833,333,333.33 WEC If they are traded at 1 satoshi I will get 8.3 BTC in return. Worth a try haha
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LAFreeze
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March 05, 2014, 07:21:20 PM |
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Hmmm did I just read ASIC-resistance and SHA3 in 1 sentence? My dear gentlemen, please do read up on SHA3 before stating such things... All SHA-algorithms are designed to be implemented in hardware, read: ASIC.
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nawazish1
Sr. Member
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Activity: 462
Merit: 250
PXC Research Team
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March 05, 2014, 07:25:08 PM |
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Is this a scam? I deposited 0.001 BTC in exchange for 833,333,333.33 WEC If they are traded at 1 satoshi I will get 8.3 BTC in return. Worth a try haha Congrats. Please share some wealth after release with us the early adopters.
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PXC: PmfFgdwwcXPa1QUmtVJevdPfHhmhztHHCv BTC: 1P22tVABsd85L7kkpTmohCv5vK2BypFz3H Phoenixcoin (PXC), a decentralised open source digital currency.
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Philll90
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March 05, 2014, 07:50:24 PM |
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What's the timeframe/deadline for the puplic-premine investors? Same like for the miners, 5 days?
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