A cryptocurrency designed by Aussies for Aussies! We have been working on this project for the past few weeks and despite the other "Australian" coins, we simply could not step aside and allow such poor products represent our great nation. Australia has already had great success with bitcoin, via merchants & services but we believe we can achieve mass adoption with a special cryptocurrency designed to target and engage everyday Australians.
Specifications: - Scrypt POW/POS
- Total Coins: 26,000,000
- Block Reward: 2600
- Total Blocks: 10000
- POS After Block: 10000
- Premine 10% for distribution to 100,000 Australians
- Block Time: 1 Minute
- Stake Interest: 1% annually
Downloads:Available at launch
Links:www.ozcoin.coPools:Please pm me to add your pool
FAQ
How will we reach mass adoption? Our plan is to hand out 26 Ozcoins to the first 100,000 Australians that lodge their claims. These coins will come from a 10% premine which will happen right before launch. We believe this is a perfect balance of keeping the premine low and being able to reach a large number of Australians. Many coins have used a 50% premine to cover up obvious scams, we want to have as fair as launch as possible and ensure that early miners are rewarded for their efforts.
Why only 100,000 Australians? There are over 22 million of us!Ozcoins will be handed out on a first come first serve basis and the 100,000 Aussies to claim will be regarded as the early adopters. We believe this will be a sufficient amount of users to begin a push for mass adoption. Any coin using a 50% premine to say they are covering every citizen of a country is most likely a scam. We belive the 100,000 Aussies that will claim their Ozcoins will be tech savy individuals that will help the growth and spread the word.
How will this be funded?We are a group of programmers and altcoin miners. We plan to mine Ozcoin on release much like everyone else. We want to make this one of the faireast altcoin launches possible while still using a premine to achieve adoption of a nation. We will also campaign for donations from our community to help with future projects.
Why POW/POS?We wanted to Ozcoin to be an energy efficient coin. We also wanted to avoid the biggest issues that altcoins face, multipool dumps. Our goal is to distribute the coins fairly initianlly via POW mining which we think is perfect timing as scrypt asics have not been mass produced for the public yet, this means that anyone can be part of the mining phase and secure a good amount of Ozcoins.
When can I claim my coins?Australians will be able to claim their Ozcoins on 10th of June 2014 via ozcoin.co. You will require a valid Australian mobile number to verify your application. Once approved, you will be rewarded with 26 Ozcoins.
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