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Author Topic: [pre-pre-ANN] 99pCoin ^^ 1% Donated to help find jobs! ^^ X11 / 99% PoS / 1% PoW  (Read 1093 times)
Mastermine
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May 10, 2014, 11:52:42 AM
 #1



Algorithm:
X11 (ASIC Resistance, Massive Heat/Power Reduction)

Block Time:
1 Minute

Block Confirmations:
20 normal, 200 solo-mined

Difficulty Adjustment:
Digi-Shield

Pre-mine:
1% Distributed for development, bounties and giveaways. Funds used to support the 99%!

Block Distribution:
PoW / PoS (Proof of Work / Proof of Stake Hybrid) Coins will be distributed PoW only 3.65 days per year! thats 1% of the year mine-able and 99% PoS! PoW Will return every year for 9 years!

Block Rewards:

Special system designed to prevent multi-pool short-term profitability.

Blocks 1-20 reward = 1

Blocks 20-5256 (and every year) =
95% of block rewards = 1
4% of block rewards = Random** (see below)
1% of block rewards = Random** Donated to the 99%Coin's Foundation.  All proceeds will be donated once per year to a selected foundation to help improve job finding resources.

Random** blocks:
First year = chance to receive 100-10,000
Second year = chance to receive 75-7500
Third year = chance to receive 56-5625
Fourth year = chance to receive  42-4218
Fifth year = chance to receive 31-3163
Sixth year = chance to receive 23-2372
Seventh year = chance to receive 17-1779
Eighth year = chance to receive 13-1334
Ninth year = chance to receive 10-1000
9.9+ years = PoS Only! 0.272% every 10 days thats 9.9% every year!!



Phase 1: Pre-pre-ann for Recruitment of development team to help create and establish a website + software for release

Phase 2: Pre-Ann Release to announce full specifications, show new wallet gui, set launch date, etc.

Phase 3: Acquire large list of pools and at least 1 exchange prior to release, Establish a guiminer for 99%coin to help new miners easily mine. Gather the 99%!

Phase 4: Coin release quickly followed by bounties and giveaways!

Phase 5: Establish a solid base foundation, collect funds to help those in need, show the world we care!

Final Phase: Continue to establish new connections with new fundraising organizations, Help the 99% thrive!





All Coming SOON!!

Much of the coins plan is still up in the air.  We have spent many months studying coin behavior and will produce the best possible specifications.

Join me in freenode ##99%, message me here or contact me via coinmastermind@gmail.com if your interested in joining the development team.  Please let me know of your abilities and training as well as what you plan to do for 99%Coin.  Thanks for your interest Smiley.

Built by the 99% for the 99%.

Lets start this off with a logo contest.  No specific logo requirements other then it would be nice to be easily scale-able. Best 99%Coin logo receives the first open spot on the development team for graphics. Also logo may say "99p" as we may also be referred as 99pCoin.


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payyy
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May 10, 2014, 12:12:03 PM
 #2

why not premine 100% then free give away to all supporter ?
maybe it's best choice .
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May 10, 2014, 12:15:27 PM
 #3

why not premine 100% then free give away to all supporter ?
maybe it's best choice .

so many coins like this!

 ███ ███ ███    WMCoin ▮▮▮▮▮   - Real Games Accepted - High Rewards Signature Campaign
                                <<  ● $$$ - $$$ - $$$ - $$$ - $$$ - $$$ - $$$ >>   ███ ███ ███
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May 10, 2014, 12:42:10 PM
 #4

No see understand what you mean? Support! Like POS!

platorin
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May 10, 2014, 12:45:13 PM
 #5

You should have all prepared before launching the coin.

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May 10, 2014, 12:54:07 PM
 #6

The name is strange,but meaning good.

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May 10, 2014, 12:55:50 PM
 #7

I am not getting it!!How will the coin be distributed??

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May 10, 2014, 01:00:53 PM
 #8

You should have all prepared before launching the coin.

Its an pre-pre ann to build a community,a team and promote the coin before the launch. No Fastcoin/Ninjacoin.

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May 10, 2014, 01:21:26 PM
 #9

A coin that actually isn't launching out of nowhere. Might watch this

SUM2 -> NAV sZNqFvhiuQ4JvJ6DosyXEb8cgL7oqsF91N
HuluwaHuluwa
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May 10, 2014, 01:39:35 PM
 #10

POW not POS?
I rarely see Pow these days.
So no free giveaway plan?

Footballcoin: FhHLRHkKp6DkpQGENdorxBGx6Zh4F2CRRo
Mastermine
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May 10, 2014, 07:00:00 PM
 #11

I am not getting it!!How will the coin be distributed??

Long proof of work period to establish worth and give many miners a chance to gain some coin.  Also this will be GPU/CPU only so no chances for ASIC farms to destroy profits

Possibly considering a 99% PoS 1% PoW system.  Having the coin go back into PoW 1% of the year.  Unsure of whether this is a possibility going to do some testing before committing to doing it.

Otherwise the above extended PoW to PoS system would be used about 8-9 months of PoW followed by pure PoS.

POW not POS?
I rarely see Pow these days.
So no free giveaway plan?
 

Hybrid so you receive PoS coins AND can still mine coins with PoW.  As mentioned above considering a possibility of being the first PoS system that goes back to PoW.  Working on ways to implement this but if it is possible then the PoW time would be shortened to just 1% of the year (about 4 days) and then the PoS would start.  1 year later the mining would return! giving miners a chance to get coins again! what do you all think of this idea?

Join me in ##99% on freenode if you'd like to discuss ideas Smiley

The name is strange,but meaning good.

I agree it does feel a little weird.  I was thinking maybe 99pCoin may be the way to go instead? Any opinions?

Mastermine
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May 11, 2014, 09:08:32 AM
 #12

OP adjusted to reflect new plan.  99% coin will now be 99% PoS and 1% PoW.  PoW will return yearly to give miners another chance to mine more coins and spread awareness!  Working on the coding now for the wallet.  Anyone out there ready to tackle the logo and help with graphics design for the website?  Would prefer that I don't use my graphics skills as you can see the current logo is iffy haha.  I don't want the website to reflect my graphics skills nor do I want the coin to be released with sub-par work.  This will be a coin built by the community but with great pride and quality of work not a slap together community coin.  Come join me in freenode ##99% and we can pool resources Smiley.

michaelsss
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May 11, 2014, 09:28:56 AM
 #13

any new plan for this project ? we care about the future , what's plan for it

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Mastermine
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May 14, 2014, 07:03:34 AM
 #14

any new plan for this project ? we care about the future , what's plan for it

I have done some adjustments to the development plan.  I think the distribution plan will be much more appealing now for long term investment.  This also gives a 2nd chance for miners to come back for some more later down the road.  I could really use some graphical assistance for the wallet design aswell as the coin itself (I am not a big fan of my graphical work on the coin).  Block reward system is being programmed in right now. 

We are the 99% lets make this coin for the 99%

I would like to put together events where we can distribute 99pCoin to people who have never heard of crypto-currency.  We need to find and protect dedicated new members and support the bottom line.  My main idea for doing this is putting together kits that can be distributed that contain a wallet, a simple to use GUI-Miner (created by our development team), and information regarding 99pCoin and its advantages.

All of this will take time and effort but for now the graphics, website and wallet are whats being worked on.  Will need to expand development team to gain traction Smiley join me in ##99% on freenode or message me if your interested.   

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