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Author Topic: [ ANN ] SAT² - A new dawn - PoS - No Premine  (Read 132731 times)
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Saturncoins
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April 03, 2014, 09:37:26 PM
Last edit: July 07, 2014, 08:39:54 AM by Saturncoins
 #1



Wallets:

Nodes:
Code:
addnode=213.179.202.20
addnode=213.179.202.21

Miningpools:

Exchanges:

Links:



Today we finally get to publish what we have been working on over the past month. We are very excited to tell you about the future of Saturncoin and how we have managed to create a new solid foundation which warrants a stable future with ongoing development and innovation.

In the meantime, you can read our detailed plan here.

Today we are also launching the new website for Saturn²Coin:  Saturn2.CO.IN. New website follows the completely new branding and design of SAT², to underline once again that this is a completely new coin.

"Saturn has been known as the Greater Sun and its enigmas have amazed the scientific community for centuries, now it's time to bring Saturn in to the Cryptocurrency World. "


Saturn²Coin is a new virtual currency like Bitcoin and Litecoin. While Bitcoin is the Gold of the virtual currency world, and Litecoin being the Silver; Saturn²Coin aims to become the Bronze or Copper to the virtual currency universe.

It was launched on 30th June 2014, converting automatically all existing old SAT coins into the new SAT² currency.

Saturn²Coin has improved the transaction speeds, meaning Saturn²Coin is 4x times faster than Bitcoin, and 2x times faster than Litecoin.


Saturn²coin mission is simple and clear and can be described in 5 main goals:
  • Help / Assist causes to make a real difference in this world.
  • Support causes and projects that empower the people.
  • Bring People closer to the cryptocurrency universe and its advantages.
  • Become the Bronze to Bitcoin and support the Bitcoin network.
  • Be a widely adopted method of payment and transactions.



SAT² supply: in May total amount of SAT was reduced to 7.77bil, without main announcements or development plans. SAT² is a complete new project, by a new engineers team wanting to introduce new technologies in the blockchain using SAT² as the base. To make market easier for trading and out of the ‘penny-alts’ previous reputation, total supply of SAT² will be reduced to 7.77 mil, so 1/1000 of original supply.

  • PoW/PoS hybrid
  • Initial supply: 7,777,777 coins
  • Initial supply will be used to exchange SAT to SAT² (at a rate of 1000 SAT = 1 SAT²) - NO premine
  • NO IPO

PoS (Proof of Stake)
  • First year: 10% interest per year
  • Second year: 5% interest per year
  • Third year onwards: 2.5% interest per year - Minimum stake age: 10 days
  • Maximum stake age: 20 days
  • Block target: 20 seconds
  • Development fund: 1% per year

PoW (Proof of Work)
  • 10 SAT2 per block
  • Reward halving every week
  • Block target: 80 seconds
  • PoW gets cut off at block 21600 (which should take about 20 days)

Note: this will only be a very short PoW stage, which has a minimal impact on the total supply. The reason we need a PoW phase is because the minimum stake age is 10 days, so no staking will occur during the initial 10 days. During that time we need PoW to keep the blockchain moving. We have decided to let the PoW last for approximately 20 days, to ensure it covers the (theoretical) maximum stake age. After 20 days there is 100% certainty that staking will be taking place, and at that stage PoW will simply no longer be necessary.
With these new specifications we will be holding true to the original values of Saturncoin: speed.



All the SAT coins must be moved to SAT2 at the same rate of new supply (1 SAT² will be worth 1000 SAT), instantly ready for the completely new SAT² / BTC market.

After first change phase happened automatically on exchanges on day of launch, is still possible to have your SAT changed to SAT² following instructions here: https://bitcointalk.org/index.php?topic=556105.msg7623804#msg7623804



Community controlled development fund: as an engineering team, SAT² is for us the technological base we’ll use for the future developments. To make it happen and grant a future to the coin, we’ll avoid any premine and we’ll get instead a percentage per year. The proposed development fund payout is 1% per year. This mechanism will work the same way as staking. For staking, a certain interest % gets paid based on the amount of coins that are held in the wallet in question. For the development fund for every minted block a small amount gets paid to the development fund, which will equal 1% after a year. This will grant future developments forever, not just first months, and interest to keep the projects interesting for the market, and no dumps will ever be possible. Like all our investors, we get paid as we work.



Saturncoin < Old version > - Saturncoinfoundation.org

Current specs:
  • Algorithm: Scrypt PoW (transition to PoS has started)
  • Started: Feb - 1st - 2014
  • Coins: 7.777.777.777
  • Blocktime: 80 secs
  • Blocks confirm: 2 confirms
  • Retarget: every block (KGW)
  • Starting Diff: 0.03
  • Block rewards: 1-250,000 (will be fixed to 10,000 from block 85000 until PoW ends, PoS afterwards)
  • Reward halving interval: 30.000 Blocks

Wallets:
Nodes:
Code:
addnode=213.179.192.62
addnode=74.196.59.25

Miningpools:
Coinmine.pw
CryptoPoolMining

Exchanges:
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April 03, 2014, 09:39:28 PM
 #2


While Bitcoin is the Gold of the virtual currency world, and Litecoin being the Silver;
Saturncoin aims to become the Bronze or Copper to the virtual currency universe.



Sorry, but Dogecoin is already Bronze. Guess you gotta settle with scrap  Grin
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April 03, 2014, 09:40:08 PM
 #3

Downloading wallet....  Grin
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April 03, 2014, 09:45:43 PM
 #4

To da Saturn and beyond! I do still own some of this amazing crypto always ready to reach da saturn, take some pictures and sell them for a nice profit!

KNC - KingNcoin - rare, fair, pos only https://yobit.net/en/trade/KNC/BTC
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April 03, 2014, 09:47:55 PM
 #5

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They reach there 100.000 signatures Smiley Everybody who voted thanks for that.

WE KEEP FIGHTING TO SAVE THE SERENGETI

We have just closed our petition asking Tanzania to protect it's natural heritage including stopping the Serengeti Highway. Thank you everyone who signed it! Rainforest Rescue also did a concurrent petition which will combine with ours to present to the Tanzanian government. We have almost 100,000 signatures.

We hope that they listen. There is an alternate route that will help 5x as many people.

What can you do to help us?

SPREAD THE WORD - tell everyone you know, share this page, give talks to local community groups, tell your local media

JOIN SERENGETI WATCH - join our non profit Serengeti Watch to stay abreast of what is happening.

TRAVEL WITH COMPANIES THAT ARE PART OF FRIENDS OF THE SERENGETI - when you travel with members of our sister group - FOS - you will be traveling with companies who care about saving the environment and you can contribute to help our cause

DONATE - even a small amount adds up. This will help in our long term goals such as our STEP program (Serengeti Teachers Environmental Project) which is helping educators and students around the Serengeti the importance of saving it.

IF WE CAN'T SAVE THE SERENGETI - WHAT CAN WE SAVE?


The facebook site of the Serengeti watch https://www.facebook.com/pages/STOP-THE-SERENGETI-HIGHWAY/125601617471610?fref=ts is now added to the http://saturncoinfoundation.org/causes

https://www.facebook.com/pages/STOP-THE-SERENGETI-HIGHWAY/125601617471610?fref=ts This link is the organization Walk With The Rangers you can take a look at both sites. They tell you some more about the problems they face.
And you can like them they appreciate it a lot.

Thanks


very good news, thanks for sharing

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April 03, 2014, 10:11:06 PM
 #6


While Bitcoin is the Gold of the virtual currency world, and Litecoin being the Silver;
Saturncoin aims to become the Bronze or Copper to the virtual currency universe.



Sorry, but Dogecoin is already Bronze. Guess you gotta settle with scrap  Grin

We love Doge Smiley but there is billions of it already,
There is only 6.9 bill Saturncoins minted so far and only 15 bill max cap, has faster transactions and we think any good coin can get a good chance to support the Bitcoin.

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April 03, 2014, 10:55:08 PM
 #7

How about we move this coin to take Litecoins spot as the Silver to Bitcoin's Gold.

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April 03, 2014, 10:58:48 PM
 #8

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so far working:

1.- There are more than 10 giveaways campaigns running with a great response, you can check some at altcoingiveaways or saturncointalk forums or twitter.

2.- We have ads on facebook, bitcoin related sites and soon google adwords.

3.- Saturncoin foundation is been stablished, already a lot of people interested and visiting and sharing the site.

4.- Saturncoin Goals and aims have been clearly defined, you can visit: http://saturncoinfoundation.org/info  to read more.

5.- Saturncoin is making a real change by gathering signs and supporting the Petitions to stop Tanzania wildlife killings: https://www.facebook.com/saturncoin/posts/731893550188766  and as you can see is getting a great response as well. just visit the links.

6.- Saturncoin dev team is working in the new wallet update.

7.- Our Social networks keep growing, today statistics so far:

Twitter: 546 followers and lots of our tweets are Retweeted, you can go check here: http://twitter.com/Saturncoins

Facebook: Just opend it phew days ago and we already have 140 Likes, a lot of feedback and shares, you can check here: https://www.facebook.com/saturncoin

Reddit: we have 79 suscribers and keeps on growing slowly but constantly, interactions being made as well, you can check here: http://www.reddit.com/r/saturncoin/

Saturncoin Forums: We have 1,260 members and it increases every day, interaction giveaway info and more here as well, you can check it here: http://saturncointalk.org/

Ok, now next question, why is Saturncoin better than the other coins people has tried to promote in our thread?

1.- Saturncoin transactions are way faster than karmacoin, spartancoin, and all those other they have mentioned. giving it an advantage as its more attractive for the users, everyone hates to wait more than hours to get their coins, Saturncoin has fixed this issue with its Speed.

2.- While most of those coins are above the 50 billion cap, they crate a market saturation thats why they end up in the LTC market, Saturncoin does not have this issue, Max cap of coins is 15 Billion, and theres only 5.7 billion coins minted so far, allready way less than those other coins.

3.- POS system coins have an error in the code, making a 51% attk with the POS system achievable more easy than on any POW coin, So Saturncoin does not have this problem.

4.- Saturncon Logo is more fresh and original than any of those coins, and simple at the same time so fits perfectly for attraction of new users into the cryptocurrency world.

5.- Guides and easier tutorials for new users that want to mine or get to know more of the cryptoworld are being added to the http://saturncoinfoundation.org every day, feel free to visit and suggest or create more tutorials. (we are one of the phew coins that does this as well)

6.- Saturncoin is making real changes in the world with the causes being supported with hundreds of users, none of those coins they have mentioned has any real use at all, making Saturncoin a more valuable coin than those inmediatly as its making already real changes in the world.

Upcoming:

1.- MiniFilm intro made by MovieJump to be added at the foundation and spread across the networks (next hours) you can watch advance here: https://www.dropbox.com/s/d3y4k13okqkhcvu/%21%20%20FINAL%20720_1.mp4

2.- In talks to add a new cause to support, "Walking with Rangers" more info about this group here: https://www.facebook.com/RaabiasWWR

3.- Add the new section projects to the saturncoinfoundation, with our first project supported who is VideoJump you can learn more about them here: http://moviejump.com/

4.- Continue with the addition of new exchanges for better distribution: we have campaigns and votes at new exchanges like coino and known ones like coinedup that are being work on daily bases you can go check the votes there to watch how good we are doing, we are being added to swisscex this days as well, you can check it here: http://swisscex.uservoice.com/forums/238010-general/suggestions/5592218-please-add-saturncoin-sat

5.- Saturncoin is being added to the Better BTC Bureau (New organization that recognizes good and solid coins)

6.- More surprises that are being updated and told to the community when they are soon to be implemented, as there are people from other coins watching our plans and copy the great part to their coins.
Nicee! Welcome back !

Updates:
New youtube account: https://www.youtube.com/channel/UCfJqnDhx3rhtG_6Fmpijuzw

Updated Google+ Saturncoin Foundation Page:
https://plus.google.com/113145153810497618376

MovieJump video added to youtube, shared on Facebook, Twitter, Reddit, Google + , Forums, and added to the main page of the www.saturncoinfoundation.org site.

New Section "Project" updated, with our first project MovieJump added!
http://saturncoinfoundation.org/projects/15-moviejump-by-funboxfilms-project

youtube video
https://www.youtube.com/watch?v=MHVMnG9Qal4

MovieJump project Shared on Saturncoin Networks and social networks.

opened 2 more giveaway contests.

"[Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system." ~Ben Bernanke
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April 03, 2014, 11:05:00 PM
 #9

How about we move this coin to take Litecoins spot as the Silver to Bitcoin's Gold.


Litecoin has already done a really great job and has great quality in doing that, there is less litecoin cap as well,

thats why we aim to be the bronze and support the bitcoin and alt coins network by becoming a fast means for transactions Smiley

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April 03, 2014, 11:08:59 PM
 #10

How would one start mining SaturnCoin with cpuminerd?

Here is a full mining guide: http://saturncointalk.org/index.php?topic=23.0

"[Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system." ~Ben Bernanke
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April 03, 2014, 11:19:16 PM
 #11

I know there's a guide, but it doesn't say what to do for mining with cpuminer.

CPU mining
You will need a CPU miner, for SCYPT (Saturncoin) a good miner is https://bitcointalk.org/index.php?topic=55038.0
You need either the 32 bit or 64 bit. Right click on "My Computer" and click on "Properties". Under System Type it will tell you what type you have. If you are running windows XP, you have 32 bit.
We'll get onto the config file later, for now this is it, CPU mining is easy.

That's the info about cpumining, I already downloaded the cpumine 64 bit, what should be done next?

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April 03, 2014, 11:24:32 PM
 #12

I know there's a guide, but it doesn't say what to do for mining with cpuminer.

CPU mining
You will need a CPU miner, for SCYPT (Saturncoin) a good miner is https://bitcointalk.org/index.php?topic=55038.0
You need either the 32 bit or 64 bit. Right click on "My Computer" and click on "Properties". Under System Type it will tell you what type you have. If you are running windows XP, you have 32 bit.
We'll get onto the config file later, for now this is it, CPU mining is easy.

That's the info about cpumining, I already downloaded the cpumine 64 bit, what should be done next?

I think you already signed up in a pool? ok then you have to do this (after creating a worker in the pool):

after you downloaded it and unzipped or unrar it, you can make a direct access and add the route to your minerd.exe and the requisites like this next example:

C:\files\pooler-cpuminer-2.3.2-win64\minerd.exe -a scrypt -r 1 -t 4 -s 6 -o stratum+tcp://Poolminingaddres.com:PORTNUMBER/ -O USER:PASSWORD

"[Virtual Currencies] may hold long-term promise, particularly if the innovations promote a faster, more secure and more efficient payment system." ~Ben Bernanke
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April 04, 2014, 12:08:24 AM
 #13

Dude do you really have to do that?
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April 04, 2014, 01:17:26 AM
Last edit: April 04, 2014, 02:20:38 AM by getupppp
 #14

can they take that away ?The coin is cheap everybody could buy it and had opportunity for it an still have.
Don`t talk like this thats not fair to a lot of people here !
If you don`t want to donate with us you can still deposit there with your credit card are whatever.
Links are in these facebook sites we put here whole the time.
You would have seen them when you had some interest on it.
You can choose what and how you want to pay, looks fair to me.

https://www.facebook.com/RaabiasWWR?fref=ts
https://www.facebook.com/pages/STOP-THE-SERENGETI-HIGHWAY/125601617471610?fref=ts

First message  Wink

Goodluck for you.

Thank you for removing, you did take a look.

Hope you also liked them and donated Wink
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April 04, 2014, 02:35:14 AM
 #15

can they take that away ?The coin is cheap everybody could buy it and had opportunity for it an still have.
Don`t talk like this thats not fair to a lot of people here !
If you don`t want to donate with us you can still deposit there with your credit card are whatever.
Links are in these facebook sites we put here whole the time.
You would have seen them when you had some interest on it.
You can choose what and how you want to pay, looks fair to me.

https://www.facebook.com/RaabiasWWR?fref=ts
https://www.facebook.com/pages/STOP-THE-SERENGETI-HIGHWAY/125601617471610?fref=ts

First message  Wink

Goodluck for you.

Thank you for removing, you did take a look.

Hope you also liked them and donated Wink

no problem, yes i visited and liked, thanks for sharing!

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April 04, 2014, 03:07:18 AM
 #16

Quote

so far working:

1.- There are more than 10 giveaways campaigns running with a great response, you can check some at altcoingiveaways or saturncointalk forums or twitter.

2.- We have ads on facebook, bitcoin related sites and soon google adwords.

3.- Saturncoin foundation is been stablished, already a lot of people interested and visiting and sharing the site.

4.- Saturncoin Goals and aims have been clearly defined, you can visit: http://saturncoinfoundation.org/info  to read more.

5.- Saturncoin is making a real change by gathering signs and supporting the Petitions to stop Tanzania wildlife killings: https://www.facebook.com/saturncoin/posts/731893550188766  and as you can see is getting a great response as well. just visit the links.

6.- Saturncoin dev team is working in the new wallet update.

7.- Our Social networks keep growing, today statistics so far:

Twitter: 546 followers and lots of our tweets are Retweeted, you can go check here: http://twitter.com/Saturncoins

Facebook: Just opend it phew days ago and we already have 140 Likes, a lot of feedback and shares, you can check here: https://www.facebook.com/saturncoin

Reddit: we have 79 suscribers and keeps on growing slowly but constantly, interactions being made as well, you can check here: http://www.reddit.com/r/saturncoin/

Saturncoin Forums: We have 1,260 members and it increases every day, interaction giveaway info and more here as well, you can check it here: http://saturncointalk.org/

Ok, now next question, why is Saturncoin better than the other coins people has tried to promote in our thread?

1.- Saturncoin transactions are way faster than karmacoin, spartancoin, and all those other they have mentioned. giving it an advantage as its more attractive for the users, everyone hates to wait more than hours to get their coins, Saturncoin has fixed this issue with its Speed.

2.- While most of those coins are above the 50 billion cap, they crate a market saturation thats why they end up in the LTC market, Saturncoin does not have this issue, Max cap of coins is 15 Billion, and theres only 5.7 billion coins minted so far, allready way less than those other coins.

3.- POS system coins have an error in the code, making a 51% attk with the POS system achievable more easy than on any POW coin, So Saturncoin does not have this problem.

4.- Saturncon Logo is more fresh and original than any of those coins, and simple at the same time so fits perfectly for attraction of new users into the cryptocurrency world.

5.- Guides and easier tutorials for new users that want to mine or get to know more of the cryptoworld are being added to the http://saturncoinfoundation.org every day, feel free to visit and suggest or create more tutorials. (we are one of the phew coins that does this as well)

6.- Saturncoin is making real changes in the world with the causes being supported with hundreds of users, none of those coins they have mentioned has any real use at all, making Saturncoin a more valuable coin than those inmediatly as its making already real changes in the world.

Upcoming:

1.- MiniFilm intro made by MovieJump to be added at the foundation and spread across the networks (next hours) you can watch advance here: https://www.dropbox.com/s/d3y4k13okqkhcvu/%21%20%20FINAL%20720_1.mp4

2.- In talks to add a new cause to support, "Walking with Rangers" more info about this group here: https://www.facebook.com/RaabiasWWR

3.- Add the new section projects to the saturncoinfoundation, with our first project supported who is VideoJump you can learn more about them here: http://moviejump.com/

4.- Continue with the addition of new exchanges for better distribution: we have campaigns and votes at new exchanges like coino and known ones like coinedup that are being work on daily bases you can go check the votes there to watch how good we are doing, we are being added to swisscex this days as well, you can check it here: http://swisscex.uservoice.com/forums/238010-general/suggestions/5592218-please-add-saturncoin-sat

5.- Saturncoin is being added to the Better BTC Bureau (New organization that recognizes good and solid coins)

6.- More surprises that are being updated and told to the community when they are soon to be implemented, as there are people from other coins watching our plans and copy the great part to their coins.
Nicee! Welcome back !

Updates:
New youtube account: https://www.youtube.com/channel/UCfJqnDhx3rhtG_6Fmpijuzw

Updated Google+ Saturncoin Foundation Page:
https://plus.google.com/113145153810497618376

MovieJump video added to youtube, shared on Facebook, Twitter, Reddit, Google + , Forums, and added to the main page of the www.saturncoinfoundation.org site.

New Section "Project" updated, with our first project MovieJump added!
http://saturncoinfoundation.org/projects/15-moviejump-by-funboxfilms-project

youtube video
https://www.youtube.com/watch?v=MHVMnG9Qal4

MovieJump project Shared on Saturncoin Networks and social networks.

opened 2 more giveaway contests.


+1
I see more updates in the saturncoin foundation, good job

platorin
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April 04, 2014, 10:08:03 AM
 #17

Nothing new to Bitcoin.
getupppp
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April 04, 2014, 12:58:31 PM
Last edit: April 04, 2014, 03:06:45 PM by getupppp
 #18

can they take that away ?The coin is cheap everybody could buy it and had opportunity for it an still have.
Don`t talk like this thats not fair to a lot of people here !
If you don`t want to donate with us you can still deposit there with your credit card are whatever.
Links are in these facebook sites we put here whole the time.
You would have seen them when you had some interest on it.
You can choose what and how you want to pay, looks fair to me.

https://www.facebook.com/RaabiasWWR?fref=ts
https://www.facebook.com/pages/STOP-THE-SERENGETI-HIGHWAY/125601617471610?fref=ts

First message  Wink

Goodluck for you.

Thank you for removing,



no problem, yes i visited and liked, thanks for sharing!

Thanks

He is still at our old topic


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April 04, 2014, 11:27:15 PM
 #19


we are going higher in the votes at coinano , lets keep on voting: https://coinano.com  then vote, then SAT (3 times per hour)

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April 04, 2014, 11:28:47 PM
 #20

Charts here: http://crypto-prices.com/SAT

Donate BTC: 1NRG17fYCNcfQvQHC3G9TUAowNKsM4oTWA
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