[ANN] galilel.org [GALI] - MN/PoS/zPoS Hybrid-Dynamic Zerocoin Staking

[mbroemme]

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[ GALILEL COIN ]

Galilel Coin (GALI and zGALI) is an open-source public and private Proof-of-Stake digital crypto currency for fast (using SwiftX), private (Zerocoin protocol) and secure micro transactions. Our main goal is to create a decentralized fully secure and anonymous network to run applications, which do not rely on any central body control. By having a distributed system, thousands of users will be responsible for maintaining the application and data so that there is no single point of failure.

While Zerocoin solves the traceable reward generation problem, Galilel will implement hybrid mobile Proof-of-Stake (ghPoS) for public and private coins. The Term Deposit (gTD) function allow to lock coins for a certain period and generate predictable rewards. Masternode owners get the possibility to vote for reward reduction or complete burning for a specific period to reduce coin generation. The Galilel Money Supply Control (gMSC), effectively Proof-of-Burn v2 burns only rewards, never term deposits and development budget. The period for coin burning will be 1 month with a range between 0% - 100%. Every month is applicable for voting. Galilel Instant On Masternode (gIOMN) implements a shared blockchain to run one-to-many wallet daemons in a client server model. It is comparable to "Instant On" model available in Electrum client.

With early release of Galilel wallet v3.1.0 we delivered the worlds first crypto currency which has proportional Zerocoin Proof-of-Stake (zPoS) rewards depending on the block reward!

[ COIN SPECIFICATIONS ]

	_______________________________	_________________________________________
	Description	Parameter
	Coin name	Galilel
	Coin ticker	GALI
	Hash algorithm	Quark
	Consensus algorithm	PoS + zPoS Hybrid
	Coin type	PoW/PoS/zPoS/MN
	Wallet letter	U
	Block size	2 MB
	Block time	60 Seconds (Re-targeting every block)
	RPC port	36002
	P2P port	36001
	Minimum staking age	2 hours
	Maturity	120 confirmations
	Send eligibility	6 confirmations
	Masternode collateral	15,000
	Last PoW block	1,500
	Rewards (till block 1,500)	MN 60%, PoW 40%
	Rewards (till block 205,000)	MN 60%, PoS 40%
	Rewards (from block 205,001)	MN 70%, PoS 30%
	Max Coin Supply (January 2020)	19,035,999 GALI
	Max Coin Supply (January 2030)	45,315,999 GALI
	Max Coin Supply (January 2040)	71,595,999 GALI
	Max Coin Supply (January 2050)	97,875,999 GALI
	Dynamic Coin Supply	Transaction fees & zGALI minting fees are burnt
	Community donation address (BTC)	13vZmvxWcpMxZPr2gtf4QBS8Q2En6kB3mo
	Community donation address (GALI)	UUr5nDmykhun1HWM7mJAqLVeLzoGtx19dX
	Community donation address (LTC)	MAfouCFTBX4hJWTmAvTpFSuwzUZr4gtxDv
	Community donation address (DOGE)	DFY1iAcbX8uQDaFAFQckSGJfYBb6QzTuMi
	Dev Budget (from block 250,001)	10% in monthly superblock
	Multisig Dev Budget address (GALI)	7U3FMDhKv4j5bzauurPoX1TtqE7hPowSJi

[ ZEROCOIN SPECIFICATIONS ]

	_______________________________	_________________________________________
	Description	Parameter
	Zerocoin v1 activation	block 245,000
	Zerocoin v2 activation	block 245,000
	zGALI automint	10%
	zGALI rewards (from block 245,001)	1 zGALI
	zGALI rewards (from block 340,001)	MN 40%, zPoS 60%
	zGALI rewards (from block 430,001)	MN 40%, zPoS 60%
	zGALI denominators	1, 5, 10, 50, 100, 500, 1000, 5000
	Accumulator modulus	RSA-2048
	Maturity	240 confirmations
	Send eligibility	20 confirmations
	Fees (mint)	0.01 GALI per minted zGALI denomination
	Fees (spend)	No fee

[ PROOF-OF-WORK REAWARDS BREAKDOWN ]

	________	____________	____________	_____	_____	___________	_______	__________
	Stages	Block Height	Reward	MN	PoW	Coin Supply	Period	Stage End
	Stage 1	Block 1	220,000 GALI	60%	40%	220,000	0 days	2018-05-25
	Stage 2	Block 2-1,500	1 GALI	60%	40%	221,499	1 day	2018-05-26

[ PROOF-OF-STAKE REWARDS BREAKDOWN ]

	________	________________	________	_____	_____	___________	_______	__________
	Stages	Block Height	Reward	MN	PoS	Coin Supply	Period	Stage End
	Stage 1	1,501-12,000	100 GALI	60%	40%	1,271,399	7 days	2018-06-02
	Stage 2	12,001-22,000	90 GALI	60%	40%	2,171,309	7 days	2018-06-09
	Stage 3	22,001-42,000	80 GALI	60%	40%	3,771,229	14 days	2018-06-23
	Stage 4	42,001-100,000	70 GALI	60%	40%	7,831,159	40 days	2018-08-02
	Stage 5	100,001-160,000	60 GALI	60%	40%	11,431,099	42 days	2018-09-13
	Stage 6	160,001-205,000	50 GALI	60%	40%	13,681,049	31 days	2018-10-14
	Stage 7	205,001-250,000	25 GALI	70%	30%	14,806,024	31 days	2018-11-14
	Stage 8	250,001-340,000	13.5 GALI	70%	30%	16,156,009	62 days	2019-01-15
	Stage 9	340,001-430,000	10 GALI	70%	30%	17,055,999	62 days	2019-03-18
	Stage X	430,001-infinity	5 GALI	70%	30%	ongoing	ongoing	ongoing

[ COMPETITIVE ANALYSIS ]

	_____________________________	______	______	_____	________
	Feature	Galilel	Dash	PIVX	ROI Coin
	Public Staking	Y	N	Y	N
	Private Staking	Y	N	Y	N
	Instant Send	Y	Y	Y	N
	Private Send	Y	Y	Y	N
	Masternodes	Y	Y	Y	N
	Decentralized Governance Voting	Y	Y	Y	N
	Variable Reward Distribution1	N	N	Y	N
	Dynamic Zerocoin Proof-of-Stake	Y	N	N	N
	Proof-of-Transaction	Y	N	N	N
	Variable Reward Burning	Y	N	N	N
	Disconnected Blockchain	Y	N	N	N
	Mobile Proof-of-Stake	Y	N	N	N
	Term Deposits	Y	N	N	Y

^{1 Possible to implement in Galilel using Seesaw algorithm}

[ COMMUNITY ]

Get in touch with the core team of Galilel, join our Discord channel, follow us on Twitter, Facebook, Reddit, Medium or write a post in BitcoinTalk forum.

                             

                   


[ GALILEL WIKI ]

If you need help setting up master nodes or any other help, you can find it in our Galilel Wiki. There we have summarized FAQ`s, Guides Troubelshooting and further support possibilities.




[ MARKETING ]

Partners and market capitalisation websites promoting Galilel and providing monitoring or masternode hosting services.



                                       

                                       

                                       



You can find updated roadmap always on our website at:



We have not only Desktop Wallets, but also Paper,-Instant and recently an Android Wallet.
At the end of the year an iOS Wallet will extend the wallet options.
All Wallets can you download here:

Wallet Downloads

[ BINARIES ]

We release new wallets with new features frequently as we are a blockchain development coin.
To simplify maintenance you can always find latest version at our website.

[ REPOSITORIES ]

Galilel repositories include wallet, backend and daemon source as well as media files.



[ EXCHANGES ]

Galilel Coin can be traded on the following exchanges:

                                                 

ALL WHITEPAPER TRANSLATIONS CAN BE FOUND HERE



[ WHITEPAPER TRANSLATION BOUNTY - OPENED - 2019-02-01 ]

For translating the whitepaper into one of the languages below you will be rewarded with 1000 GALI.
We do not accept the Google translate translations!

The following languages are still required:
Croatian, Czech, Dutch, Filipino, Hungarian, Indian, Korean, Romanian, Slovak, Turkish, Vietnamese

For Word version of whitepaper, please send PM or come to our Discord



[ HELP US TO SPREAD THE WORLD ABOUT GALILEL PROJEKT WORLDWIDE! ]

For translating the ANN into one of the languages below you will be rewarded with 1000 GALI.
We do not accept the Google translate translations!

DONE

Chinese, Croatian, Dutch, French, German, Indonesian, Italian, Russian, Spanish, Vietnamese

OPEN

Arabic, Czech, Filipino, Hungarian, Indian, Japanese, Korean, Polish, Portuguese, Romanian, Slovak, Turkish, Ukraine

[ WEBSITE  |  EXPLORERS  |  GITHUB  |  INFO  |  WHITEPAPERS  |  WALLETS  |  SOCIAL MEDIA CHANNELS ]

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______________________________

Your galilel.org Team

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[aurumrex]

Very interesting project which will implement unique blockchain features. I see DEV is very active. I can see his real identity and he absolutely has knowledge as well as experience to implement all blockchain improvements/features. I've really never seen such professionalism and commitment before. I hope this project will be equally successful as PIVX project.

[gold969]

 a fairly well-prepared project that I see lately. I can not find the date of your launch of mining, and the last block shows a few days ago ??
287210   7bcaba211cde3ef22b7300930d6cfb83579de89b3e2e88c4fda9476d842cd6cb   2   13.50000000   Tue, 11 Dec 2018 23:08:41 GMT
 https://explorer.galilel.cloud/

[Bitcoin Miners]

It is a long waiting time, when all bounties, airdrops will be paid or opened on the 51th week.
More than one year after the launch of GALI main net, it is a long period, honestly.

Anyway, I have added the topic into my Following Spreadsheet for later use (one year from now).

[dzkrb1966]

You wrote. "With the early release of Galilel Wallet v3.1.0, we delivered the world's first cryptocurrency, which has a proportional Zerocoin Proof-of-Stake (zPoS) reward, depending on the block reward!". Is it possible to develop this idea in more detail? What is the reward scheme?

[fitraok09]

why every first time I turn on the wallet, my wallet always generates a new address

my problem was solved when I locking my wallet

[BannedHMD]

I would like to reverse myself for Vietnamese(ANN thread, wp, website)
Bitcointalk name: BannedHMD
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2427281
Tele: @haoanhhungxt2
Eth address: 0x2c9e21119751F4b2f2484810752CE57a138f7777
Portfolio: https://docs.google.com/document/d/1SXGn6-6rHzRcOGd5-O6ph5DZb8mp32zhPqxReMXerfU

Please PM me if i'm accepted.
Thank you.
Contact me: haminhdiem@gmail.com

[BMGCoin]

great to see being list in exchange

[m3mbr44n]

Interesting project that is running already for a while I notice. Happy to see that a bootstrap is available to catch up. Well done.

[zzwensel11]

It's nice to see a project with an active dev (here and in Discord). I hope the community will continue to grow. I will be following GALI for sure.

[eshby]

I already had several interesting discussions with the lead dev about his ideas and the future of the project in the Discord. He always answers every question and is highly active. So best to check out the Discord and ask what you want to ask. Also a lot of very helpful Community members there that always help out even technically not well-versed coin holders. The recent two hard-forks worked out well and even people like me who are not tech heads and did it for the first time had no problems with it due to the very high community engagement of the team and other community members.

[m3mbr44n]

I already had several interesting discussions with the lead dev about his ideas and the future of the project in the Discord. He always answers every question and is highly active. So best to check out the Discord and ask what you want to ask. Also a lot of very helpful Community members there that always help out even technically not well-versed coin holders. The recent two hard-forks worked out well and even people like me who are not tech heads and did it for the first time had no problems with it due to the very high community engagement of the team and other community members.

Yes, community is quite active and engaged. I hope this is going to grow even more and lead to a nice long-term project. The backup tech-wise seems solid.

[RJX]

Dutch local thread is now live, check it out here.

[KnyazED]

Dutch local thread is now live, check it out here.

it looks interesting. let's together support this project in order to create comfortable conditions for its development

[m3mbr44n]

Dutch local thread is now live, check it out here.

Good to have the Dutch on board. Crypto is popular in that high-tech country of entrepreneurs and traders 

[aurumrex]

IMHO Galilel project will be big in 2019.

[m3mbr44n]

Market cap of only 66k usd at the moment: https://mntrend.com/en/currencies/GALI
A lof room to grow in 2019 

[ChefChaoen]

Attentive dev team and active community, GALI is a project to follow at every step, I am happy to have been part of your discord community. Best of luck for team and merry christmas GALI cummunity!

[zzwensel11]

Attentive dev team and active community, GALI is a project to follow at every step, I am happy to have been part of your discord community. Best of luck for team and merry christmas GALI cummunity!

Same here. Looking forward to see the project grow further in the coming year. I think we got a nice and steadily growing community interested in the project. A good base for 2019.

[abakr]

Burning coins is rather interesting piece that has been successfully used by some exchanges. In addition, there is the opportunity to vote, and therefore to influence the development of the coin to its owners