Europe Coin (ERC)
* Fairness, transparence, faith & skilled developement.
* PoW/PoS – Fast PoW period than pure PoS and dedicated multipool
Logo Creation Contest Opened! Submit your logo proposal whithin 3 days (72 hours) since announce publication, then the favourited by the community will be chosen. Big Bounty for Logo Winner! Requirements: Needs to have a professional look, but no too aseptic, being representative of the concept about Europa in mythology and Europe as union borderless of countries as crypto are a kind of 
Note that if quality standard are not reached by the users submissions, ERC dev team deserves the right to put their own logo.LAUNCH COUNTDOWN:
http://www.timeanddate.com/countdown/generic?iso=20140509T22&p0=136&msg=EuropeCoin+LaunchPopulation of Europe 2014Based on the population growth between 2012 and 2013 and the population of Europe in 2013, the population of Europe in 2014 is estimated to be about
741 million people, which is the third most populous continent behind Asia and Africa. We choosed that number for the total amount of coins.
Fair Launch:Wallets will be released some minutes before launch in password protected zip file. First 770 Blocks Reward is 100ERC. This to let people join the network hash gradually to avoid forking, allows people to tweak their rigs on the actual network, and is an anti instamine proper method!
EuropeCoin ERC SPECS - 60 seconds block target
- Difficulty retargets every block
- PoW Block Reward:
- 100, 1000, 10000 ERC ascending in the first week;
- 5000 ERC stable the second week.
- PoS variable interests:
- 1st week: 2,5%
- 2nd week: 10%
- 3rd week: 15%
- 4th week and the rest of the 1st year: 5%
- Years after the 1st interest rate decrease by 1% each year.
- Total coins will be 741'000'000 ERC (741M)
- Total coins available in the PoW phase: 137'632'000 ERC
- 4 confirmations for transaction, thus fast 2 mins confirmation for transactions
- 50 confirmations for minted blocks
PREMINE - 1% premine for IPO (
https://bitcointalk.org/index.php?topic=594758.0) bounties, giveaways, development, support and maintenance, new feature developments etc. for a total of 7'410'000 ERC of which
- 75% Used for IPO quotes (5'557'500 ERC)
- 1'000'000 ERC for Airdrop
- 852'000 ERC remaining will be used for bounties and future development.
Everything will be public listed.
Specs POW/POS & BLOCK REWARD-First Two Weeks of PoW with quick halving ascending/descending reward. This means that EuropeCoin could be mined directly only in the first two weeks since launch. 20160 Blocks est..
Block Reward: Ascending from 100 to 10000 in the first week than halves to 5000 for the second week!
Better explanation below:
Max PoW height: 20,160 (after this network will enter in PoS phase and no more PoW block will be acceppted)
PoW Period Specifications:- From block 1 to 770 block reward is set to 100 ERC each block to avoid instamine etc.
- From block 771 to 1440 block reward is set up to 1000 ERC.
- From block 1441 to 10080 (end of first week ca.) is set up to 10000 ERC
- From block 10081 to 20160 (the whole second week) block reward is set up to 5000 ERC
At end of PoW stage total coins mined will be 137'632'000 .
After block 20160 PoS Phase will start as explained below:
PoS Period Specifications:ERC adopts a variable PoS rate with the following interest rate: 1. First week of PoS stake interest will 1% after 72h of coins maturation age;
2. Second week of PoS stake interest will be of 10% after 72h of coins maturation age;
3. Third week of PoS stake interest will be of 20% after 72h of coins maturation age;
4. From week four PoS stake interested will return to 1% stable for the first year. Then reduces to 0.8% for the 2nd year.
5. From week four will be available and mineable a dedicated multipool.
Min stake age: 72h
PREMINE:
IPO FOR STABILIZATION FUNDOfficial Ipo thread here:
https://bitcointalk.org/index.php?topic=594758.0We know that premine or IPO are too much often, in this last period marked by big scam moves and scandals.
We, as skilled team with back experience, knows that IPO could be the ruin or the savage of a coin: everything stay in how you admin this fund.
We've seen IPO vanished, mega dumps, and too much scam speculation with others people money!
Too much people are sending fund to anonymous devs who just care about rob your coin and run away at the first chance.
We're NOT this kind of person. We're professional in real life, so we're also in cryptos.
We want to estabilish a proper stabilization fund for the health and the growth of EuropeCoin and its users. The IPO will work as a community stakeholders (doesn't care if big or little fish) warranty against mass dumpings and big markets manipulations. Plus a little part of it will be used to gain popularity on major and trustable exchange with paid votes if needed to reach the entering in the market.
How IPO will work:- We have created a public BTC address so anybody can look at transaction made.
- You can apply for IPO in the dedicated IPO THREAD:https://bitcointalk.org/index.php?topic=594758.0
- Investors can buy a quote of ERC for a minimum 0.01 BTC to a max of 0.5 BTC per person.
- Every investor will get a proportional amount of ERC based on their payment. Every detailed info on the IPO THREAD(
https://bitcointalk.org/index.php?topic=594758.0)
- When Stabilizations Funds are used to buy ERC or to avoid big dumps pulling buy support,
ERC bought will be distributed to Fund Investors in a proportional quantity relative to their quote!- Think that we'll be thousand of thousand mining this coin: if everyone of your can contribute with a 0.01 BTC to the stabilization fund we will never see anymore hard crash on markets graphs!
YOU CAN FIND DETAILED INFO ABOUT STABILIZATION FUND IPO AND HOW TO APPLY ON THE DEDICATED THREAD:https://bitcointalk.org/index.php?topic=594758.0
TranslationsWe need every available different language translation as possible. PM about this!
Main translations required:
- Chinese Translation
- Russian Translation
- Polish Translation
- Spanish Translation
- German Translation
- Greek Translation
- Italian Translation
- Dutch Translation
- French Translation
- Korean Translation
Bounties offered:- Block Explorer: Will be ready at launch, with such many features!
- Website: Will be online soon
- First 6 Pools: 5000 ERC Each
- First shop accepting ERC as method of payments or collaboration: 10000 ERC
- Games (every kind of where you can bet your kmc): 2000 ERC
- Services been paid with ERC: 1000 ERC
- Translations: 1000 ERC each language
- Stats:2000 ERC
- Blog or website post: 1000 ERC each
- LOGO CONTEST 25'000 ERC!
AIRDROPNo particulare requirements for Airdrop candidature, unless of having a Btctalkforum account created before launch time!
We will make an initial AIRDROP with a simple candidature process:
- PM us your ERC address in a time from the launch day and the 5th day (5 x 24h from launch time);
- You will receive you AirDrop Coins in a random day from day 6 to day 14 to avoid dumping.
Simply as it should be!
Who's the team?We are strong skilled pros of IT world and computers freaks! We already supported many successful coins with our personal works as external freelancers.
We will ensure a fair, in time launch with no problems, as any of the previous coin that joined our support has done.
We're now entering the world of cryptocurrencies with this strong and forward looking coin's project. Our stake interest rate is projected to avoid dump on the markets and to incentivize Coin Holders & Investors holding their coins and accumulate more, without mass dropping the price as seen for too many coins on the market!
As specified in PoS specs since 4th week of PoS will be operative a dedicated ERC multipool! Better than this!
Our Plans:-* Let the ERC community grow with active PoW mining, giveaways, media coverage and promotion and distinguishing from others coins for our professionality, development and support.
-* Since the start of PoS phase many services will have started to accept ERC as method of payments, thanks to our previous collab with so many developers. We have now so many contacts around that will turn so useful for EuropeCoin!
-* Have a multipool ready and operative for the 4th week of PoS.
-* Reach at least two main and serious exchanges, avoiding those who has been hacked too many times in the past!
-* Improve some great functionalities built in the ERC wallet! We aim to create and to be helped in this also by community a second generation of wallet with many new and innovative features such: real time market exchange rate, visual gui to request network info giving more friendly user interface, without the needing also for less skilled people, of writing codes and commands in the console; personalize your wallet; stick some post it on it and more! Everything with light weight coding design optimized at its best!
-*
Cause we don't aim to scam anyone it needs to be clear that ERC will start with a “standard” wallet, but in the meanwhile our coder researching about coding the second gen wallet: only after fourth week of pos will be realeased the first beta version of the new designed wallet to avoid any hard fork problem and annoyment for the users and all the network in the main profitable phases of the coin. Second gen wallet progress will be updated and screenshot released.-* Being able to make some important charities donations that we aim with our hearth and tat are very useful to everyday's life of the less lucky people! We'll release public the name of organizations that we aim to support with charities donations at launch!
Could be a good coin, really could. HOWEVER, with the AsiaCoin chaos just now coming to light and with so many having had put their faith in to only have been scammed so hard you will need to be ULTRA-TRANSPARENT about this whole thing. I think I will invest a little and mine this coin but with a certain air of caution no doubt. Where do we submit the logo design to? Just post it here?
Poll
