Announcing: PovertyCoin
Initial planned release date: 4/26/14 (Not 100% accurate. May be before or after, depending how development goes.)
(Logo to come)
POW: Scrypt
Block rate: 300 seconds
Initial value per block: 100
Halving rate: 150,000 Blocks
Max coins: 30,000,000
PovertyCoin is a cryptocurrency currently in development that actually has a purpose, unlike most other altcoins.
PovertyCoin is designed solely to help people in need.
It also hopefully will help people open there eyes and look around. We spend thousands on mining rigs to "mine" coins to make a profit out of nowhere.
Why not use those rigs to create profit for yourself, but also for others.
That's why 50% of all donations to this cause will go directly to charities to fight poverty and the other 50% will go to development.
We also hope to implement a feature that will automatically deduct 1% of mined earning so that can be donated to charity as well
Of course developers have to eat too, so anyone that donates over .25 BTC (or equivalent) to the cause will earn 12 hours of premine.
The same goes for anyone willing to create a PovertyCoin logo, We might be able to code but our art skills would scare you.
Donations:
BTC: 13mYsKXmpv76xtzpbLVB2wu4EiRYLwGPS7
LTC: LM4uoztJMHGukoVPtR8srHyGz7sVdYAcWR
If you wish to donate using a different form of currency PM and we'll work something out.
