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Author Topic: [PRE ANN][LEBIX] First CryptoNote Proof of stake Coin  (Read 14813 times)
LebixTeam
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July 27, 2014, 08:09:59 PM
Last edit: July 27, 2014, 08:34:16 PM by LebixTeam
 #1

Lebix

Website

http://lebix.net/

About
Lebix is the first CryptoNote based cryptocurrency implementing proof-of-stake (pos) instead of the classic proof-of-work (pow) system to generate blocks and protect the blockchain.

That makes Lebix the First Truly Anonymous Proof-of-Stake cyptocurrency. Solutions such as mixing servers [nodes] require complete trust in the system and the people behind the Mixers. Real and complete Blockchain anonymity needs to be decentralized and trustless.

Lebix uses ring signatures to anonymize transactions and make untraceable payments for is the only anonymity system that has proven to be completely decentralized and trustless.

Technical Specificatios
CryptoNote based
Proof-of-Stake
Not mineable
Total Coins: 10,000,000 [10 Million]
Block Time: 1 Minute
Annual Interest: 3%
Maturity: 200 Blocks

Distribution

Lebix is a 100% proof-of-stake (pos) cryptocurrency, which means it cannot be mined and the coins need to be initially distributed.

We have seen how other pos coins struggle and are offten called "scams" because of the lack of fairness in the initial distribution. For example NXT was distributed among 70* investors through and initial public offering (IPO).

We do not want that to happen to Lebix for that reason we have taken the following measures to make a fair distribution:

    No Initial Public Offering (No IPO)
    Free Distribution
    The distribution will be done through our system to detect repeated ips, spam, TOR.
    The distribution will begin in 2 weeks or when we reach 1,500 valid registered users.
    We ask for email verification to discourage spammers.
    We cosider invalid users the ones we detect registering more than 1 account from the same ip and TOR ips
    We will only keep 0.5% (50,000) coins

"Premine"?
Yes, we will keep 50,000 coins (0.5%) that will be used to pay for the development costs. Even though we coded the majority of things to make this coin a reality, we had to pay around $5,000 USD for consulting expenses.
We will sell these coins at a rate of 0.0001 BTC to raise 5 BTC in total. And the 5 BTC will be used to pay for future projects. If these coins are not sold we will keep them to pay for bounties.

FAQ

Distribution? When?
-Distribution begins in 2 weeks (August 11th) or when we reach 1,500 valid registed users.

How can I participate?
-Just create an account in our website. When the distribution begins your will have an option to withdraw the coins to your wallet.

Why 1,500 users or 2 weeks?
We don't want people calling us scammers because the coin was "ninja launched" or because we distributed the coins among a small group of people. We want the distribution to be fair.

Why do we need to register?
We ask you to register so we can detect people making multiple accounts. We will delist multiple accounts created from the same ip or TOR ips.

Why do you ask for email verification?
We do it just to discourage spammers and people trying to create many accounts.

"Other CryptoNote-based coins will be able to copy your code. You should keep the wallet closed source for a while."
No, Lebix will be entirely open source. We believe the entire ecosystem benefits from this kind of development, so we encourage other coins to copy us. The Gibhut repository will contain all the commits to do it.

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SecondsOld
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July 27, 2014, 08:10:30 PM
 #2

Where do we register for the free POS giveaway?
youknowthat
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July 27, 2014, 08:11:26 PM
 #3

play this game ,buy youself  Grin
KeyserSozeMC
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July 27, 2014, 08:11:27 PM
 #4

CN + PoS? Hell, I'm in!

How about a GUI? Is there going to be one? I guess with the premine you'll be holding it'll be enough to provide a nice GUI for the client?


NOTE TO EVERYONE:

Regarding:
Quote
   We ask for email verification to discourage spammers.
The distribution will begin in 2 weeks or when we reach 1,500 valid registered users.

If you're going to register in another forum, for God's sake, do not use same ID/PWD as here on BCTalk.

Hey, smexy. Don't waste your time. Time's precious.
SalimNagamato
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July 27, 2014, 08:12:02 PM
 #5

distribute to me

not hashing, folding and curing (check FLDC merged-folding! reuse good GPUs)
e1ghtSpace
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July 27, 2014, 08:13:52 PM
 #6

This is a great idea. I'm in!
webbson
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July 27, 2014, 08:15:59 PM
 #7

This seems like a really good one!

Hard to choose pool? PoolPicker
BTC: 1W3BBSNm3KMtvtMoARiYGjzEoRHB66P
Shadow_Runner
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July 27, 2014, 08:20:36 PM
 #8

E-Mail is not comming to my address. Can I reregister with other one (gmail)?
dodgecharger
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July 27, 2014, 08:21:47 PM
 #9

Free Distribution yeah  Grin
DudeAtWork420
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July 27, 2014, 08:29:43 PM
 #10

1500 in two weeks will require mass marketing, do you have this in place?
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July 27, 2014, 08:33:30 PM
 #11

CN + PoS? Hell, I'm in!

How about a GUI? Is there going to be one? I guess with the premine you'll be holding it'll be enough to provide a nice GUI for the client?


NOTE TO EVERYONE:

Regarding:
Quote
   We ask for email verification to discourage spammers.
The distribution will begin in 2 weeks or when we reach 1,500 valid registered users.

If you're going to register in another forum, for God's sake, do not use same ID/PWD as here on BCTalk.
Ooops, luckily it just asked for email and not username.
catcow
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July 27, 2014, 08:34:39 PM
 #12

registration isn't working for me. i keep getting this error: "Your password must be at least 8 characters long and contain an uppercase letter, lowercase letter, and a number" even though i am satisfying those requirements.

this could be a fishing scam.
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July 27, 2014, 08:36:40 PM
 #13

registration isn't working for me. i keep getting this error: "Your password must be at least 8 characters long and contain an uppercase letter, lowercase letter, and a number" even though i am satisfying those requirements.

this could be a fishing scam.
Oh crap.
Shadow_Runner
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July 27, 2014, 08:37:44 PM
 #14

What's the point to steal account? Here is no balance etc.
Also I'm always using different long passwords like x364whUtQ1V7C8mHd4XZM with any account.

Try to steal my accounts lol.  Grin
sammy007
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July 27, 2014, 08:48:47 PM
 #15

Fix your password validator. I registered, but it was amazing quest.

Hint: guys, your first letter must be Uppercase, then lowercase, then numbers.
cassius69
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July 27, 2014, 08:50:32 PM
 #16

brand new dev?

welcome. and fuck u  Grin

GoldenUnity
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July 27, 2014, 08:50:56 PM
 #17

registration isn't working for me. i keep getting this error: "Your password must be at least 8 characters long and contain an uppercase letter, lowercase letter, and a number" even though i am satisfying those requirements.

this could be a fishing scam.

Same thing here, but i make up new passwords for everything online, yeah good luck phishing you filthy scammers. Fuck you by the way
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July 27, 2014, 08:54:08 PM
 #18

Such distribution is not fair, remember "Fair"coin. I can register tons of accounts. Please review your stupid distribution scheme. Sharecoin was a scam, but with good distribution model. And please don't demand signatures, we are using paid signatures.
joelpina
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July 27, 2014, 08:54:38 PM
 #19

Wow another one in same day!! How many of these coins have you made newbie!?
GoldenUnity
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July 27, 2014, 08:59:29 PM
 #20

Fix your password validator. I registered, but it was amazing quest.

You registered?!?! You must be the only one that has lol
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