[ANN] CER - Cereneum is the first interest-bearing cryptocurrency for Gamers!

Cereneum

What
A brand-new concept in interest-bearing cryptocurrency for Gamers

Cereneum is a brand new concept in cryptocurrency for gamers: a time-based interest-bearing Cryptographic Certificate of Interest (CCOI) on the Blockchain. Airdrops are given based on five of the most popular PoW cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin SV, Ethereum, and Litecoin. Earn interest by staking your Cereneum for set periods of time.

CrypTrove Games has announced plans to release two games using Cereneum as their in-game currency. Terra Novus will be a trading card game on the Ethereum blockchain, and King's Ascension will be the world's first fully on-chain RPG dungeon crawler with crafting mechanics. We are planning to work with additional game studios with conversations in the works with several mid-sized companies.

In the future, you will be able to trustlessly exchange Ethereum for Cereneum from our web site. You'll also be able to join an Ethereum GPU-mining pool on our web site and be paid out in Cereneum.

Specific details on interest, bonuses, and penalties are listed below.

Pooled Interest

5% interest per year of total supply is paid to stakers (calculated daily)
Interest is split between the pool of stakers
Stakers get more interest when less people stake
Example: If 25% of tokens are staked, the pool splits the 5% interest among stakers resulting in 20% total interest for each staker

Staking Longer Pays More

Minimum stake of 90 days (3 months) to qualify (5% bonus @ 3 months) *
Long stakes give a 20% bonus multiplier per year of interest payouts
Maximum 5 year stake gives 100% bonus
Example: A 2.5 year stake gives 50% bonus interest (5% X 1.5 = 7.5% a year)

* Bonus applies to unclaimed redistribution coins as well

MtGox Antidump Protection

All MtGox accounts (BTC, BCH, BSV) prohibited from claiming
MtGox tokens are redistributed to stakers

ETH Pool Staking

After you've claimed all your coins, earn more Cereneum via ETH Staking
ETH Stakes are 1 day stakes of Ethereum that pay out in Cereneum
Payouts are higher the fewer people participate in the pool

Bonuses

--- Early Adopter Bonuses ---
Active During the First 52 Weeks

Claiming Speed Bonus

20% bonus for claiming in the first two weeks
Algorithmic scaling to 0% on day 364 (52 weeks)

Frenzy Bonus

0 - 100% bonus interest multiplier paid to staker pool for number of addresses that have claimed
Example: If 50% of all addresses have claimed, staker pool gets 50% bonus multiplier on interest
Applies to Robin Hood Bonus

Prosperous Bonus

0 - 100% bonus interest multiplier paid to staker pool for the amount of total tokens claimed
Example: If 50% of all available tokens are claimed, staker pool gets 50% bonus multiplier on interest
Applies to Robin Hood Bonus

Robin Hood Bonus

Starts after two-week buffer period following launch
A percentage of unclaimed tokens paid out to stakers every day for 50 weeks
After 52 weeks from launch all unclaimed tokens have been redistributed

Referral Bonuses

Referral bonus is 20% of whatever the referee claims
Person referred receives 10% bonus upon claiming
Referral bonus is paid by inflation and does not decrease the referee’s claim

--- Post-Claiming Period Bonuses ---
Active after 52 weeks

Interest Governance

As they stake, each staker votes for a pooled interest rate
Voting is for multiples of 5% ranging from 5% - 50%
Daily interest rate paid in the post-claim period depends on the majority vote
Gives the power to gamers

Penalties

Late Claim Penalty

Claim amount reduced algorithmically for each day claimed late
No claims after week 52

Early Unstake Penalty

Penalty is the greater of:
○ 5% of principal per year of intended stake (0.01369% per day)
○ 50% of interest earned deducted + 5% per year of intended stake
Example: 5 year stake is 75% of interest deducted
Penalty is paid to the staker pool

Late Unstake Penalty

1 week grace period with no penalty
1% of interest earned per day after grace period
Penalty is paid to the staker pool
No interest rewards 100 days after the grace period
Other people can save you from late penalties by calling EndStakeForAFriend

Fair Distribution Penalty

Millionaire claims reduced by 50%
Cutoff point is specific to each coin type claimed
Cutoff will be approximately $1M USD value at time of snapshot

Why
There is a lack of trustless interest-bearing tokens in the cryptocurrency ecosystem. There is little to no reward for holding most tokens and there has been a general lack of adoption of tokens by gamers.

Cereneum solves these issues. It inherits the security of being on the Ethereum blockchain, but without having to pay miners. Instead, interest is paid to stakers. Cereneum will be fully complete and immutable upon launch, and CrypTrove Games has committed to adopting Cereneum as their in-game currency for two upcoming games.

How

Don't Trust, Verify

Cereneum is 100% trustless and verifiable. The creators have no more power than a normal user once the contract is launched.

How it Works

On May 31, 2019, snapshots of BTC, BCH, BSV, ETH and LTC were taken. The blockheights of each blockchain snapshot are listed below. Non-BTC chains were given an equivalent BTC ratio. All UTXOs and wallet balances for each chain were exported to CSV files and made publicly available for verification. These values were used to generate a UTXO Merkle Tree for each chain. The leaves of the Merkle Trees are a hash of the public address and the wallet balance. These files were also made publicly available for verification. The Merkle Roots of each chain were hard coded into the contract at launch time and users can verify that the Merkle Root of each UTXO set matches the Merkle Roots in the contract.

When a user wants to claim their tokens they will sign a unique message such as "Claim_Cereneum_to_ETHADDRESS". Our backend code will compute the public address that signed the message and retrieve the necessary Merkle Tree branches for verification. Users may do all of this on their own if they wish to, but our website will simplify this process for the average user. The contract takes the public address and the amount of the claim and verifies it is a valid claim in the Merkle Tree. Since the Merkle Leaf is a hash of the public address and the wallet balance, if a user tries to submit a claim for a higher value than they had in their wallet, the leaf will not exist in the tree and the verification process will fail.

Signing a unique message is a very safe and common feature in many wallets and WILL NOT expose your private keys in any way.

Snapshot Blockheights

Bitcoin: 578691

Bitcoin Cash: 585009

Bitcoin SV: 577957

Ethereum: 7869351

Litecoin: 1641768

Snapshot
The snapshot was taken on May 31, 2019 at 20:00 UTC.

Contract Launch
The Cereneum Contract launch date was June 6, 2019 at 15:31 UTC.

Stake Period Opening
Cereneum Staking opened on June 20, 2019 at 15:31 UTC.

The Team

The developers of Cereneum are a team of software developers, computer graphics artists, community managers, and quality assurance specialists. The Cereneum team has decades of combined experience in software development. The team has worked together for the last several years running an internet-based software company.

What's in it for the Team?

The Cereneum contract contains a genesis address that receives a match of the bonuses paid out (Speed, Referral, Prosperous and Frenzy). The genesis address does not receive any payouts from the pooled interest or the Robin Hood bonuses unless it stakes tokens just like everyone else. After the first 52 weeks there are no more Speed, Referral, Prosperous or Frenzy bonuses. There is no ICO for Cereneum and we are not raising money.

See more information at
https://www.cereneum.com