What is Fibre?Fibre is a new digital currency that aims to empower the people. It allows individuals to participate in the internet economy no matter where they reside. Fibre is not controlled by any single authority. No one can freeze your funds, impose a waiting period, or charge you arbitrary fees. Transactions are instant, cost almost no fees, and are irreversible. Fibre is secure, stable, and easy to use by design.
FibreBoardFibre will be the first digital currency to have an Advisory Board formed from it's community. The FibreBoard will be made up of 20 community member that have more than 5,000 Fibre. The FibreBoard will collectively make decisions on the future of Fibre and which features should be implemented. All major decisions affecting Fibre will be voted on by the board. The board members will be selected at random from the candidates that apply 14 days after the POW stage.
Social GiveawayTo deliver on our promise of fair distribution we will be gifting 0.5% (5000 FIBRE) of the total mined coins to the community. All you need to do is socially interact with us by Liking, Following or tweeting us. There will be a maximum of 4 shares per person. The currency will be divided by the amount of shares allocated. E.g 700 Share's/5000(Fibre)=7.142 per person. The social giveaway will begin at launch.
Developer AgnosticFibre development is not tied to a single developer, this reduces the risk to investors as a developer leaving the team would not affect the development of Fibre. Eventually we hope to have a pool of developers working on various Fibre based projects.
Block time: 60 Seconds
Difficulty Re-target: Dark Gravity Wave
POS Interest: 5% Annual Interest
Block Maturity: 110
Block Confirmations: 7 block’s
Min Stake Age: 12 Hours (No Max)
Premine: (1.5%)*
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Algo: NIST5
Block Reward: 25 Coins per block
Max Height: 43200 (30 Days mining)
PoW Supply: 1,000,000
Anti Instamine: block 2-200 = 0 coins
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16/08/2014 21:00 BST (GMT +1)
The Wallets will be available for download once Fibre is launched TBA
TBA
*0.5% will be used for the social giveaway. The rest will be used for PR, Bounties and Currency development. The premine will be fully transparant with public wallet addresses and a public ledger at launch.
