[ANN] [SAK] SharkCoin | PoW

https://lh4.googleusercontent.com/-h9uUhmH-En0/U1dryIAzQOI/AAAAAAAAAD0/McTaP31887o/w1024-h683-no/sharkcoin.png

Website

http://www.sharkcoin.org

What is SharkCoin?

SharkCoin has two meanings. One is that we are sharks and the other is we exclusively hunt for fraudsters (shark)! This is the real meaning of this coin!

Before long the digital encryption monetary industry which mainly based on Bitcoin brought us a world with mysterious and powerful digital network. Anonymous payments, reliable trades with no need for any third party to be participated in, etc, these characteristics show us the amazing charm created by math and logic. More and more DAC development applications based on Bitcoin block chain technology were developed, which successfully shows us the powerful vitality of decentralized distributed self-restraint system! This brings us a new and bright future with full of opportunities!

However, because of bright prospects, digital encryption monetary industry brings attention of , a large number of miners and investors but also draws attention of fraudsters who are up to no good. Due to the characteristics of open source codes, some moral degenerates who have certain technical foundation slightly and maliciously modify the source of encryption currencies can obtain the goodwill and trust of miners and investors for profiteering. Their behaviors not only hurt the individual interests of benign market participants but also making people to question this sunrise industry whether it has a very promising future!

Release

https://lh6.googleusercontent.com/-EBcxz8g027w/U1ddvxD-h5I/AAAAAAAAADY/qJCyTff4DRg/s199-no/logo200x200.png

Symbol: SAK

Twitter: https://twitter.com/sharkcoins

Downloads

Windows
- Wallet: https://www.dropbox.com/s/as3xkdu0f0p8kox/sharkcoin-qt.zip
Source
- GitHub: https://github.com/shark-git/sharkcoin

Debian / Ubuntu Install

Proceed with the following steps:

Code:

cd ~
apt-get update
apt-get dist-upgrade
apt-get install -y git make g++ build-essential libminiupnpc-dev libdb++-dev libgmp-dev libssl-dev dos2unix libboost-all-dev
git clone https://github.com/shark-git/sharkcoin
cd sharkcoin/src
chmod +x leveldb/build_detect_platform
make -f makefile.unix USE_UPNP=-
cd ~
mkdir -p .sharkcoin
echo 'rpcuser=user
rpcpassword=password
listen=1
server=1
daemon=1
addnode=192.200.115.101
addnode=112.82.178.67
addnode=153.3.53.167
addnode=221.180.22.249
addnode=49.84.74.112
addnode=140.249.111.156
addnode=182.41.39.141
addnode=122.10.88.44' > .sharkcoin/sharkcoin.conf
cd sharkcoin/src
./sharkcoind --daemon
./sharkcoind getmininginfo

Specification

6 hashing functions 9 passes
Super Secure hashing
Total: 400,000,000
Premine: 50,000,000
Difficulty retargets every 240 blocks
20 second block time
240 confirmations/transaction

Ports

P2P Port: 4011
PRC Port: 4009

Pools

Pool

Block Explorers

http://explorer.sharkcoin.org/chain/sharkcoin

Block Rewards

10-17280 blocks: 8192 per block
17281-25920 blocks: 4096 per block
25921-34560 blocks: 2048 per block
34561-43200 blocks: 1024 per block
43201-86400 blocks: 512 per block
86401-129600 blocks: 256 per block
129601-259200 blocks: 128 per block
259201-388800 blocks: 64 per block
388801-777600 blocks: 32 per block
777601-1166400 blocks: 16 per block
1166401-2332800 blocks: 8 per block
2332801-3499200 blocks: 4 per block
3499201-6998400 blocks: 2 per block
6998401～blocks: 1 per block

Why an IPO?

We want to do some modest efforts for recovering the losses of miners and investors that suffered in recent “POC super block scam”
We want to use the money raised to set up a website to declare a war towards fraudsters by public announcing garbage coins that have fraud behaviors, providing comprehensive block query services ?for all miners and investors ?freely ?to expose the fraud characteristics of the current market.

Implementation of IPO

POC holders can subscribe SAK with the rate of 30:1 through the legitimacy sources verification. After the completion of subscription, POC will be returned to subscribers’ wallet. That is to say, POC holders can obtain SAK only by proving the legitimacy source of their coin. This will be a hard and onerous work which will take three days to register, and then the verification work in one or two weeks to ensure fairness and justice. In addition, we developed POC and SAK block browserfor progress check and supervision.

The number of legitimate POC complied with the source code released is now around 1.1 billion but the super block which scammers have been stolen is more than 3 billion. After block trades browsing and tracking, combined with transaction time and some POC investors trading record, 0.2-0.3 billion POC may have entered the trading market. These coins will be accounted as the investor's legitimate income after specific legal record oftransaction and recognition. So we expect 1.3-1.4 billion POC will be exchanged into SAK. The total number of SAK pre-mined is 50 million and after POC-SAK exchange, the remaining SAK will be sold and the income will be used for construction and operation of website which would expose fraud coins information.

We will announce wallet address of pre-mined coins for checking and supervision.