Launch date: TBA
Overview:
Snakes-on-a-Plane Coin (SPC) is a open source decentralized crypto currency with developing development plans using the Proof-of-Work X11 algorithm that runs at about 30% less wattage than scrypt and 35-50% cooler and Proof-of-Stake for a long term incentive and to help secure the security of the network. What we aim to do with this coin is provide a system for simple and quick transcontinental transactions, similar to the act of bringing snakes throughout the world on a plane.
https://i.imgur.com/oGgkOIS.jpgSnakes-on-a-Plane Coin Specifications
Ticker: SPC
Block time: 60 secs
Estimated maximum supply: 200 million
Stake interest: 10% annually
Minimum stake age: 8 hours
Maximum stake age: unlimited
Premine: 0.6%
Premine will be set aside for PR, and wallet development, and getting on exchanges
Proof-of-Work Stage
Algorithm: X11
Est max supply: 100 million
Block reward:
0-20,000 blocks => 10,000
20,000+ blocks => PoS
Proof-of-Stake Stage
POS starts at block 20000 with 10% stake interest per year and 8 hours to mature
Development feature plans (always updating new features):
Short/Mid term:
Android Wallet
Getting on exchanges