CCU is a new coin concept that we expect to launch in a few months.
The coin is multifaceted in purpose to insure perpetual life and to:
1) fund the initial development of the Cryptocurrency University,
2) provide a practical application to what the school teaches,
3) provide scholarships for students who need tuition assistance at CCU (the school).
4) provide needy schools with an income stream by mining CCU 5) provide for all of CCU's start-up expenses (Management, development, and marketing)
Line item #4 is in reference to a portion of our premine budget, it provides for 1 mining rig per school at 7 different schools spread over 6 continents (sorry Antartica). However, with rig donations we will be able to expand the Rigs For Schools program exponentially.
Here is the general idea: we identify schools from around the world that want to incorporate cryptocurrency education into their respective curriculums, from that list and based on each school's financial need we create a list of schools that will directly benefit from the CCU Rigs For Schools program pool.
The schools on the Rigs For Schools list will share the 2% pool fee equally. From the list of pool beneficiaries we determine which schools receive a free rig. Once a school has a rig they would likely join the pool and help the system that is helping them.
As you can see, the Rigs For Schools program helps schools in 3 primary ways: the rigs are a learning tool to help students learn how to mine CC, the school's entry on the pool list provides them with a small steady income stream, and the rigs enable schools to mine coin as an additional income stream. When students, teachers, and administrators see how CC can improve their lives, more people get involved in the CC economy (creating a bigger pie for everyone).
This donation program is expected to start accepting rigs in September of 2014, no rig too big, too small, or too old, it only needs to be working.
Logistically, we will have people from around the world make sure that your rig is adopted by a deserving school near you.
You will also have an entry on our donor list as someone who supported CCU's Rigs For Schools program.
Please share this info with others.
thanks
here is some detail about the coin and the school:
https://bitcointalk.org/index.php?topic=632905.msg7047919#msg7047919
