http://numus.org/assets/Header.pngNumus is a new cryptocurrency launching on 1 November 2014 based on Peercoin source code. Numus aims to bring cryptocurrencies to the general public through accessibility, innovative features, clever marketing and ease of use.
Upon introduction to the general public, we expect Numus to become a potentially more competitive form of payment than fiat and existing cryptocurrencies due to, its simplicity, accessibility and innovative features. Through the correct use of marketing, Numus has the potential to gain widespread public adoption and pose as a viable competitor to traditional fiat currencies.
http://numus.org/assets/Addressing-Problems.png1. Marketing
One of the foremost problems with current crypto-currencies is marketing. All cryptocurrencies barring Bitcoin and Dogecoin suffer from this problem as their target group are computer enthusiasts who need to have some technical knowledge to make use of their cryptocurrency.
This closes off the use of their cryptocurrency to the general public.
Bitcoin and Dogecoin on the other hand have profited from having a wider target group compared to other cryptocurrencies. Dogecoin in particular due to its memebase and accessibility has attracted a wider target audience than Bitcoin. This has helped form an enthusiastic and vibrant Dogecoin community which has helped Dogecoin grow through community based efforts such as sponsoring the Jamaican Bobsled Crew at the Winter Olympics
Numus on the other hand will be marketed through a series of campaigns to generate interest and inform newcomers to cryptocurrencies about Numus. The target audience of these campaigns will be the general public.
2. Accessibility and Ease of Use
Synonymous with the problem of marketing is the problem of accessibility. All newly launched crypto-currencies suffer from this problem whereby general users who attempt to make use of these newly launched currencies can’t do so simply because they lack the technical knowledge.
If we take a look at Bitcoin in its early stages, there were only a handful of users who had the technical knowledge to mine Bitcoins and make use of them. Those who were interested in Bitcoin but lacked the technical knowledge to make any use of it had to wait for a long period before Bitcoin became more accessible to the general public through services such as Coinbase and the now insolvent Mt.Gox
With Numus we aim to target the average person rather than just computer enthusiasts and tech junkies. We want people with little to no technical knowledge on crypto-currencies to be able to make use of Numus easily. We have developed Numus with ease of use and accessibility in mind to allow the general public to adopt Numus at an earlier stage.
3. Mobile Payments
Mobile payments is a problem faced by both fiat and crypto-currencies alike. Fiat services such as PayPal and Stripe have attempted to enter the mobile market, but with little success. The reason behind the downfall of fiat-based services in the mobile market, is the number of factors involved in the payment process.
To make a payment in a store with your cellphone a lot of things need to be catered for. The phone needs to be properly equipped with NFC hardware and software; the store needs to have the proper equipment and training. The phone company needs to support the transaction, and banks and payment processors need to be in on it.
With Numus and other crypto-currencies alike, we can remove a lot of factors from the payment process which services such as PayPal and Stripe are plagued by. Numus discards the need for banks and payment processors as well as the need for a carrier to support the transaction.
Numus will only need 3 factors to make a payment, our mobile wallet for your cellphone to pay with your funds. A desktop or mobile wallet to receive the payment and an internet connection to transfer the funds from your wallet to theirs. In cases where a user has a NFC equipped device offline transactions can be made meaning that you won’t need an active internet connection to make the payment.
Existing crypto-currencies have failed to gain traction in the mobile sector as a result of poorly developed / non-existent mobile wallets and few merchants willing to accept the currency as a result of poor marketing or a combination of both.
http://numus.org/assets/Technical.pngNumus is designed to eventually attain an annual inflation rate of 1 percent. This feature, along with increased energy efficiency, aim to allow for greater long-term scalability.
Proof-of-work specifications
- Algorithm : Scrypt-Jane
- Initial Block Reward : 400 (For each 16x increase in the network, the block reward is halved)
- Block Time : 10 minutes
- Difficulty Retarget : 2 Hours
- Hard Cap : 1 Billion Coins
Money supplyThe change of Numus' money supply is determined by:
- Proof-of-work mining (increases supply)
- Proof-of-work difficulty (higher difficulty decreases reward per block)
- Number of transactions (more transactions decrease supply because of the current 0.01 NMS transaction fee)
- Proof-of-stake system (increases supply at a rate of up to 1% per year)
Hence:- The more people are mining, the smaller the block reward gets. This is intended to decrease energy consumption in the long term.
- The more people are using Numus as a currency and exchange them, the more coins will be destroyed as transaction fees.
- The more people are saving Numus, the nearer the PoS inflation will be to 1% per year, (approximately compounding every 520 blocks, or about once per month).
- The actual money supply curve is totally dependent on market interest, user adoption, and the price of Numus.
(For more info download the whitepaper)
UPDATE
Due to the relatively small number of investors, which are currently fewer than 20, we've decided to extend the IPO for a further 3 weeks, all investors investing after this period of time will form part of Stage 2 and all prior investors will form part of Stage 1. We understand that Stage 1 investors have put more faith in us and as a result they will receive a 40% greater ROI than investors in Stage 2.
During the course of that time we shall release various bits of our project to the project. Some of these include a new concept to visualize data on the Numus blockchain and a web-wallet concept which we shall release to the public in due time.
Stage 2 of the IPO will now end on May 10 2014, with initial distribution starting on May 15 2014.
We have extended the IPO for the sole reason that initial investors, of which currently there a very few, could crash the market whenever they please as the current distribution would place too much NMS in the hands of a small few.
STAGE 1 :
CLOSED (40% greater ROI over Stage 2 Investors)
STAGE 2 :
CLOSED The Numus IPO will last for a period of 3 weeks closing on
April 20th at 12:00PM GMT. The purpose of this IPO is to act as a fundraiser to cover the expenses of development, marketing and bounties.
The funds raised from the IPO will be used in the following way.
60% - Development
35% - Marketing
5 % - Bounties
http://numus.org/assets/Breakdown.png25 million NMS will be available for investors (around 2.5% of the
expected supply). There will be no fixed price for each NMS rather the amount of NMS which you will receive will be worked out using the following formula :
Let X = Amount of BTC you’ve Invested
Let Y = Total amount of BTC Invested in IPO
NMS = X/Y * 25 000 000
This method of distribution we believe is fairer than letting us set a fixed price for each NMS as it shows a truer reflection of the value of NMS. There is no restriction to who can invest, however the minimum buy-in price is 0.1 BTC.
