[ANN][SNC] SNCoin | PoW & PoP | Social-Media Popularity | Energy Save & Fairness

[sncoin]

SOCIAL NETWORK COIN

http://aspspider.info/sncoin/coin.png

INTRO

• SNCoin is the first crypto-currency based on Bitcoin Theory rewards social media popularity.
• Proof of Popularity(PoP) and Proof of Work(PoW) both works in SNC System.
• SNCoin is designed with energy conservation and fair distribution in mind.
• Shared Weight from Friends Later Mechanism(SWFLM) made possible to quantify the popularities of social media users.
• Avoiding Botnet Attack while being friendly to Key Opinions Leaders.
• Mining with SCRYPT algorithm.

SPECIFICATIONS

Block time : 1 minute

Difficulty Retarget : every block

Nominal Stake Interest : 1% annually

Min Transaction Fee : 0.0001 SNC

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Fees are paid to miners

Confirmations : 10

Maturity : 500

Min Stake Age : 8 hours, no max age

P2P Port : 15712

RPC Port : 15713

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Proof of Work : 59940000000 SNC

Algorithm : SCRYPT

Block Reward : 6000000 SNC, no halving

Height : 11 - 10000

MECHANISM

Weight = Max(6, Friends * (1 + Min(3, Followers / Followings)))

SharedWeight = Weight / Followings

PV = Sum(SharedWeight)/ 6 + Weight

DISTRIBUTION SCHEDULE

http://aspspider.info/sncoin/pie.png

In total, the amount of SNCoin is 60,000,000,000 (60 billion).

• 20 billion coins will be fairly distributed among users according to their individual Proof of Popularity(PoP) PVs calculated  in according to SWFLM and SNCoin Distribution Mechanism.
• 20 billion coins will be mined by miners on the basis of Proof of Works(PoW) and Mining Mechanism.
• 6 billion coins are scheduled for First IPO of SNCoin.
• 12 billion coins are scheduled for Second IPO of SNCoin.
• 2 billion coins rest are reserved for R&D and Business Operation teams of SNCoin.

http://aspspider.info/sncoin/bar.png

6 billion SNCoins will be distributed in First IPO

BTC Address    1NDZLAfndv5rMj2gbgysC9fZaPM2Ta8TDo

LTC Address    LastFZppJJPyeZE2535hw7eAHuWrK578VZ

The volume of BTC approach in this stage of IPO is 3 billion SNCoins.

The volume of LTC approach in this stage of IPO is 3 billion SNCoins.

(more IPO details referencing the WHITE PAPER)

[ First IPO Period ] 00:00:00 on July 17th, 2014 ~ 00:00:00 July 24rd, 2014

DISTRIBUTION START-TIME
Upon finishing the development of SNCoin QT Wallet, SNCoin Official Website and Official SNCoin Distribution Platform.


APPROACH
See more informations in our WHITE PAPER : https://mega.co.nz/#!Md5TgCoS!K17COVm7hKQ4tCXGPytk4fRk9nUVfbMBRHKDdmdh1gs


CONTACT US
Email : contact@sncoin.org

PS: For better network promotion of SNCoin, we need AGENT TEAMS all over the world (for different social-medias) who could share specific quota of reserved coins. Just email us if you are interested in.

[1715261974]

1715261974

[1715261974]

1715261974

[SecondsOld]

Wow, that's a lot of coins!

[BTMan]

good coin.when will be mined?

pop

[UGETHIT]

This will be on the doge trading markets.  at .00000001 btc the market cap would be 600 btc so $369,000 that won't happen.

[baby222]

nice coin , will keep on eye

[appbox]

mark

[hellobilljoygo]

How to get free of the IPO. Please let me know

[Amph]

This will be on the doge trading markets.  at .00000001 btc the market cap would be 600 btc so $369,000 that won't happen.

he is forcing investors lol

what if someone just make a coin with a block reward of 100M with stupid high market cap? = dead coin

[bitpond28]

launch time?

[darkowenter]

Is it worth to mine ?

[sncoin]

Wow, that's a lot of coins!

In fact, we are concerned more about the social-media popularity value instead of the exchange rate with Bitcoin. 

[sncoin]

launch time?

Just updated. Thanks! 

[sncoin]

nice coin , will keep on eye

Thanks a lot   We'll keep updating related progress!

[MisO69]

Wow, that's a lot of coins!

In fact, we are concerned more about the social-media popularity value instead of the exchange rate with Bitcoin. 

Too many coins. With 59 billion coins they will be less than 1 satoshi.