[PRE-ANN][CHS] CherryCoin | Eco-Friendly | N-factor

CherryCoin

Eco-Friendly | N-factor | Kimoto's Gravity Well | Humanly Mineable Feature

https://lh5.googleusercontent.com/-Tk6vE7ZJimk/Uxjam9BFQ_I/AAAAAAAAAEU/M61P5MokIvU/s512/Untitled-6.png

Since we are a serious coin we encourage everyone to use escrow for the IPO investments!

Launching on: 21st March 2014 !

Specifications:

scrypt-adaptive-N as a proof-of-work algorithm
1 minute block time
100 coins per block
subsidy halves every 1 million blocks (~11 months)
100 million total coins
Kimoto Gravity Well Algorithm
120 Confirmations needed

This coin's purpose is to be a secure and stable while keeping an eye on the enviroment, this is why we introduced the N-factor and the Kimoto's Gravity Well which prevent asics and multi-pools to ruin this coin's mining.

To sustain the environment we are starting an Eco-Friendly project which consists of planting cherry-trees(to respect the name of the coin and because those are particularly good at storing CO2) and we are keeping 50% of IPO and 1% of the total coins which will be slowly released through weekly auctions until august, when we will plant the trees, we've already contacted some farmers from europe to plant them and we are looking for the best price/quality option among those.
We will make a video with the trees being planted and we will provide the informations of all the investors whose are willing to put their name/nick on this project.

We believe that to achieve our goals transparency is the key, so once we go live all the premined coins will be put on addresses that we will share so you can check on the blockchain that we won't get any coins out without pre-announcing it(no dump).

Premine: 8%

5% -----> IPO
1,5% ---> Humanly mineable feature
1% -----> Eco-Project
0,5% ---> Bounties and Giveaways

IPO will be devided in three stages:

IPO Stage one - 2,5 million coins, 7 days until it closes(available)

IPO Stage two - 1,5 million coins, 4 days

IPO Bonus Stage - 1 million coins, 3 days

The IPO countdown startes once the coin launches.

IPO procedure

1. Send any amount of BTC
Record the Bitcoin Transaction ID of your payment.
2. Post a message to this thread with your Bitcoin Transaction ID and the Amount sent. For example,
Quote
Bitcoin Transaction ID: d73bd2cdab298c1ecdc05d280f2190e530813bc5504be06181f11f0b9863631a
Amount sent: 0.37 BTC
Note: If you desire confidentiality, then send a PM instead.

The coins will be sent in a two months timespan so we won't hurt the market.

We are making everything public so there will only be one address which you'll be able to track: 17v5W98DUdqncmg2zcNncNoU5PgnzZim1T

https://blockchain.info/it/address/17v5W98DUdqncmg2zcNncNoU5PgnzZim1T

We will change the address for every stage, this is the one for the for stage one.

The minimum investment is 0,01 btc(everything under is considered a donation)

We accept escrow too.

IPO Investors(stage one):

Visaco invested 0.01947094 BTC, 16,3% of the total invested coins(we are updating the percentage at every new entry)
BitTom invested 0,1 BTC, 83,7% of the total invested coins

Humanly Mineable Feature:
Well reading the wall of text above maybe you're thinking we're all getting rich investors involved but we want to give an opportunity to everyone to get some coins, this is why we created this feature which consists of the "miners" playing arcade games or sharing content to get coins on our official community(we have the code ready but we'd prefer to wait on some investors to move first so we can get good servers and protection)

You will be able to keep your humanly mined coins in a bank(where they can't be stolen), if you keep them in your wallet they can be stolen(only the ones in the community), you can steal others people coins too and once a week there will be a lottery for which you can purchase tickets.

Exchanges:

To guarantee our investors the security that they will be able to trade their coins once they get them we contacted a serious exchange and got accepted.

https://usecryptos.com/

It hasn't got 100 alt coins, is good looking, stable and we tryed it.

Pools:

Bounties:

~~1st Pool - 5000 cherrycoins~~ (lolcoind user on here reserved it)
~~2nd Pool - 3000 cherrycoins~~ (http://chickenstrips.net/ reserved it)
~~3rd Pool - 2000 cherrycoins~~ (http://che.akpool.net/ reservedd it)
1st Gambling service - 5000 cherrycoins
2nd Gambling service - 3000 cherrycoins
3rd Gambling service - 2000 cherycoins
Translactions - 1000 cherrycoins each:
Portuguese and chinese are reserved.
Reddit graphic - 1000 cherrycoins
Articles - from 500 up to 3000 cherrycoins depending on the size of the media

Bounties reserved(which aren't mentioned above):
- block explorer
- block explorer api
- faucet
- irc tipbot (tipping, coin info, irc wallets, irc dice game, irc block explorer, irc slots game, irc faucet)
- wallet hosting
- irc triviabot
- multipayment system
- total coin counter

http://coinok.pw applyed for the following bounties:

- faucet
- paper wallet
- scratch game
- twitter promotion

Socials:
Reddit: http://www.reddit.com/r/cherrycoin
Twitter: https://twitter.com/CherryCoinDev
IRC: https://kiwiirc.com/client/irc.freenode.net/cherrycoin
Many others coming soon.

Contact us at this email: cherrycoindev@gmail.com or just send a pm to this account on here.