Click the Coin Proz Logo to get to the Main Coin Proz Website!Press ReleaseArticle about Prozcoin on the Coin FrontProzcoin current ratesAbout:The Coin Proz team is creating “ProzCoin” to generate capital and create a debt free start up and also creating a way to pay users for content submission and Platform participation. Coin Proz Oy recognizes the talented people within the cryptocurrency community constantly create new intellectual property. Participants will have an opportunity to get paid in ProzCoin for cryptocurrency related activity via the revolutionary Proof of Action algorithm which will be unique to the Coin Proz Platform.
Specifications:Algorithm: Mastercoin protocol for base, PoA/PoW Hybrid mining for future
Max Tokens: 100 million
Distribution Model: All 100 million Tokens will be mined in 1 block
10% Tokens will be evenly distributed to the founding team over 3 years.
20% ProzCoins will be sold initially on exchanges. All sold ProzCoins will go 100% to Coin Proz Oy. The revenue generated from the sale will go to the further advancement of the site and keep as reserves
10% Will be reallocated for PoA/PoW mining rewards
10% for Proof of Action (PoA)
20 % Discretionary spending to have reserves for exchanges
30 % Unallocated for future plans Cold Stored with multi-sig founder verification for wallet release
Project ScopeThe Research and Development team led by Shannon Code intends to use capital generated from the sale of Proz Coins to create innovative software and hardware. The creations developed with/for the Coin Proz Network will be tested and hardened throughout the digital infrastructure. These innovations will come in a variety of flavors, from open sourced to commercial.
Coin Proz Marketing Department will be doing direct marketing on rival sites on twitter, Reddit, and other social media sites that are not crypto-centric. In addition to being head of R & D for Coin Proz, Mr. Code serves as a Developer Evangelist for the Mastercoin team. He is in a unique position to help the Mastercoin Team and the Coin Proz team cross promote and expand the networks of both organizations. Coin Proz has created many allies in the crypto world that see the need for a more cooperative approach to information sharing, and they will help spread the message of the Coin Proz Network all throughout the crypto communities.
The team has developed strong relationships with many coin developers who will bring their communities to Coin Proz.
Proof of ActionWhat is Proof of Action: (POA) is going to be system designed for the Coin Proz Platform. It will use individualized difficulty increase based on upper/lower limits. POA pays users for article submission, moderating forums, participating on forums. POA adjusts to pay out higher rates for higher quality content based on user ratings. Algorithm has internal limits to logarithmically reduce payout if user continues to go past upper limit to discourage system abuse. Payouts once per week to user/wallet address. POA will be implemented into Coin Proz Platform Wallet after completion.
Proof of Action White Paper![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fzippy.gfycat.com%2FPitifulTightHornedviper.gif&t=665&c=E6OI9TY8VTt3cA)
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As per request, this as an addendum to more accurately explain the PoA/PoW merged mining that we are planning
And as for the way we plan on implementing mining, the idea is that we will add PoW Tokens to the CoinProz mining pool, and monitor the activity so that completed mining hours are what get counted towards the score, and not the "hashing power" of the miner.
So if you PoW mine "Dogecoin" through the Coin Proz pool, you will get your regular PoW payout in Doge, but in addition you will get a PoA payout in ProzCoin for "participation" in PoW mining. This way we can bring people into the mining pools, not force them to mine a specific coin, and then reward their activity ProzCoin, which could really be seen as a "bonus".
Our model is about trying to get the alternative currency communities to work in the same direction. PoA allows individual communities to thrive, then CoinProz also gives an unbiased home for information distribution, forum particpation, mining, and an all inclusive reward system for involvement.![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi156.photobucket.com%2Falbums%2Ft5%2Ftabalitigi%2FMainlogo_color_zps9429622e.png&t=665&c=oapnZGXtwV5mHg)
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ANN thread Allcryptotalkhttp://www.moneymakergroup.com/Coinproz-Coinprozcom-t477637.htmlhttp://www.rolclub.com/discuss-coins-bitcoin-litecoin-peercoin-namecoin-dogecoin-worldcoin-protoshares-megacoin-et/3650995-prozcoin-proz-proof-of-action-poa.htmlhttp://mmo4me.com/threads/prozcoin-proz-proof-of-action-poa.196105/http://forum.italkmoney.com/topic/54591-prozcoinproz-proof-of-action-poa/http://coinwik.org/ProzCoinblockchain explorer:
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