This coin is a simple Cryptonote fork created to test what would happen if the reward structure for a coin was reversed. The reward per block has begun at around 0.03 EXPN per block, and will slowly increase until the full coin supply has been created. As most coins heavily incentivize their early adopters, and fail to reward late-comers, this coin aims to be a happy medium. Early adopters will benefit from low difficulty before a large amount of hashrate is on the network, and larger block rewards over time should allow newcomers down the line to still obtain a decent chunk of coin - without having to invest in large gpu rigs or ASICs. The blockchain has been running for a little over an hour at this point, so this is brand new!
If anyone wants to download the Daemon and throw some hashpower at it just for fun, the Binaries will be linked below
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Discord if anyone has difficulties setting up or wants to report a bug:
https://discord.gg/Gf25wSR--------------------
Technical Details:
Name: Exponencoin
Ticker: EXPN
Total Supply: 18,446,744,073,70 EXPN
Block Reward: approx. 0.033554960, increasing over time
Block Time: 120 seconds
Algorithm: Cryptonote/Cryptonight
Premine: None, the test wallet has received rewards for the first 34 blocks (at this time) to verify functionality.
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Goal:
To see how a coin performs when the rewards increase over it's lifetime, rather than decrease.
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To-do:
Exchange listing - I would prefer not to pay for listing at all costs, and will likely be looking towards TradeOgre or DEX.
Compiling linux binaries (Done, just needs to be uploaded)
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**Only hosting on dropbox temporarily as Sourceforge won't allow it until I post source, will take care of this asap.**
Source:
https://github.com/Darkdoom22/ExponencoinBinaries (Windows):
https://www.dropbox.com/s/d9n0vjihpwtpxac/Exponencoin.rar?dl=0-------------------
How to run: Do these steps in order.
Daemon---
To launch the daemon, use frun.bat
Wallet---
After you sync to the blockchain, you can create your wallet using swal.bat and following the prompts in Simplewallet.
Miner---
Create a batch file with the following and paste in the address Simplewallet created, set the threads to whatever you want, and you should be good to go!
miner.exe --YourAddressHere --daemon-host 127.0.0.1 --daemon-rpc-port 23617 --threads 2 --log-level 3
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MINING POOL
Min Payout 1EXPN
Fee 2%
Payouts are every 10m.
Min payout/payout interval subject to change based on community feedback.
Pool URL:
http://104.42.220.131/# Pool ports:
ports: 3333 5555 7777
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That should be it, and as this is essentially a concept coin I'm not looking for any kind of donations, there is no dev fee or premine, there will be no ICO. The only thing I would ask is for people interested in being seed nodes to contact me, as I would love to add more than the current 2. Happy mining!
If there is interest to donate for server costs, I can post my btc/eth addresses.
