AboutHistoryBitcoin was created January 3rd, 2009 and has grown into a global phenomenon. As a global currency, cryptocurrency allows for global transactions and seemingly instantaneous transactions. However, with success comes imitation. Daily it seems like BitCoin or it’s little brother LiteCoin is cloned one way or another to create a new alt. This seems to be a never ending trend and the stock piles of useless “Alts” continues to grow. As alts fall off marketplaces, the miners are left holding mountains of useless coins that they spent time and money on generating.
DeleteCoin 2.0We have implemented a new fork at block 6,000 to strengthen the overall value of DeleteCoin as well as to implement a new business process for how DeleteCoin will function as a whole. From block 6,000 forward, reward has been changed to 25 blocks instead of 250. Additionally, the max coin has been changed to 600 Million from 1 Billion, reducing the overall mined coin dramatically. The reason for this is to boost the value of DeleteCoin to give a stronger overall buying power to the coin itself.
Additionally, the process for acquiring alt coins as well as how DeleteCoins will be handled will change as well. This is a much more aggressive approach that some may not like at first, but we feel, with the feedback from the community, it is the best approach to achieve the overall goal of DeleteCoin, which is to resolve the dilution of coins do to the every day creation of new alt coins adding no value to the crypto realm. From this point forward, DeleteCoin will only accept coins currently on an exchange. This will allow us to dump the coins back onto exchanges and essentially flood the market and hopefully, ending the alt coin. When BTC is generated from these sales, they will be used to buy back DeleteCoins off the exchange which will be sent to a public address inaccessible to anyone, which in turn will remove those coins from circulation. DeleteCoin will essentially act as a self deleting coin used to drive alt coins out of existence. This is a radical approach, but we feel it is the most effective manner to achieve our final goal.
Breakdown for clarification of the exchange rate. PLEASE READ BEFORE CONTACTING USWe have received several requests and after we confirm the amount to exchange, people seem put off by the amount of the Delete they are being offered. The exchange rate is very easy.
(1,000,000 DeleteCoins "1%")/ (Your Alt' Coins Max Coin Supply) * (The Number Of Coins You Want To Exchage) = Amount of DEL you will receive.
EXAMPLE= HeroCoin. 10,000,000 Total Coins, you have 5,362. 1,000,000/10,000,000*5,362= 536.2 DEL
EXAMPLE= PandaCoin 100 Billion Total Coins, you have 795,399. 1,000,000/100,000,000,000 * 10,399 = 7.95 DEL
The rate of exchange is identical across all coins, regardless of current value. If you tried to exchange BTC for some crazy reason, the same rule would apply and your 42 BitCoin would be worth 2 DeleteCoin. So please do not contact us and take offense when you get offered the amount based on this set exchange.
ExchangesSwisscex
NXT-E
Details1 Minute Block Time
1 Minute Retarget Time
25 Coins per Block
600 Million Total Coins (100Million to be mined)
