AppleByte launched May 1, 2014 - now trading on Poloniex

AppleByte, the new Crypto to support the arts launched in New York City on May 1, 2014!

Now trading on Poloniex, ticker symbol ABY!

You can download MAC or Windows wallet on our website: AppleByte.me

Our Launch Plan & Philosophy

Dev Team was paid in Bitcoin (funded through our Crowd Funding Campaign), not premine. You can verify that here: Indiegogo Campaign

We funded the AppleByte Foundation with a 25% Premine - Which will be used as Artist Scholarships & Awards over the next 8-10 years.
(no Air Drop to dilute the value)

We want to encourage the user community (defined as the artists & art lovers of NYC, as well as the miners) by giving them the opportunity to mine, before the whales jump in.

Therefore we are only releasing the MAC & Windows wallets at launch. The source code will not be released for 3 - 6 months, as the vast majority of the whales run linux.

We will have one official pool server.

The wallet has a built-in tab for solo & pool mining.

Technical Specification

Algorithm: Scrypt
Target of maintaining approximately 1,000,000,000 AppleBytes
Block Time: 120 Seconds
Difficulty Retarget Time: DGW2
Automatic Checkpointing
DNS Seeds
Halves approx. every two years

Approx. 1 billion total coins, plus 0.5% inflation after year 8

Block 1-1250: Premine - 25% to fund the AppleByte Foundation
Block 1,251 — 500,000: 800
Block 500,001 — 1,000,000: 400
Block 1,000,001 — 1,500,000: 200
Block 1,500,001 — 2,000,000: 100
Block > 2,000,001: 20: Approx. 0.005% per year

Announce Thread: Announce Thread
Website: AppleByte.me
Crowd Funding Campaign: Indiegogo Campaign
Facebook: AppleByteMe FB Page
Twitter: AppleByteMe Twitter
Reddit: AppleByteMe Reddit