As CJ mentioned in their Caption – Crypto that brings their ideas to life – To expand CJ activities and make members participate in their success, they have decided to sell 360,000,000 Coins of our stake over 36 Rounds 0f 10,000,000 Coins Each (We have opted for ICO to get conducted in rounds only to make Members Discover our True Price over a Period of 36 Rounds with consideration of development phases) .
360,000,000 Coins will be sold during the Initial Coin Offering (ICO) spread over 36 Rounds, 60,000,000 coins will be Mineable during the Proof-Of-Work phase (PoW) and 30,000,000 coins along with stakes will be used for different bounties.
Currently CJ making good movement on different exchanger with their ICO offerings. Already CJ have finished their 4th round of ICO.
- CJ Round 1 ICO – COMPLETED ICO Round 1
- CJ Round 2 ICO – COMPLETED ICO Round 2
- CJ Round 3 ICO – COMPLETED ICO Round 3
- CJ Round 4 ICO – COMPLETED ICO Round 4
- CJ Round 5 ICO – Currently OPEN ICO Round 5
Crypto lover, Traders, Investors can still join ICO on following exchanger.
Type: PoW/PoS hybrid
PoW algorithm: X13
PoS block hashing: sha256d
Max Coins: 500.000.000
PoW reward: 20 CJ
Last PoW block: 3000000
PoS reward: fixed 5% (yearly)
Minimum PoS age: 24 hours
Maximum PoS age: unlimited
Block time target: 1 minute
Difficulty retarget: every block
Coinbase maturity: 100 blocks
Transaction recommended minimum confirmations: 10
Minimal TX fee: 100 Satoshis (0.00010000CJ)
What is vDice.io ?
vDice is the leading blockchain-based betting game for the Ethereum network. It went live on June 13th, 2016. It has processed almost 10,000 bets to-date.
It is a classic ‘SatoshiDICE-style’ betting game, implemented as an Ethereum Smart Contract (Dapp), and exists on the Ethereum blockchain.
How vDice Works?
Ethereum builds and improves on the Bitcoin blockchain. In the same way, vDice builds and improves on blockchain betting technology, generally.
Whereas SatoshiDICE was somewhat decentralized, vDice is fully decentralized.
vDice leverages the power of Ethereum smart contracts to build a game that has no server architecture. Instead, bets are processed through an Oracle, using the 3rd party services of random.org for the random number source.
To play, a user sends a Tx to a contract. Then the contract executes the oracle contract. The oracle then calls the contract back. So there are two transactions to a contract for every bet made: one is the user, the second is the oracle.
There is also the option for users to contribute Ether (ETH) to each betting contract. In this way users can share in the success of a specific contract and increase the house.
The Smart Contracts are live, network tested, and processing bets on a continuous basis.
The object of this Crowdsale is the native token of the vDice game called; ‘vSlice’.
This token is tied directly the the profits of the vDice game. Holders of vSlice tokens receive a share of vDice profit, proportional to the amount of tokens held, in a fair and transparent way.
‘vSlice’ tokens behave as any standard ERC20 token.
People participate in the Crowdsale using BTC or ETH. It will all be resolved to Ether (ETH) and the Ethereum blockchain.
The issuance will last 4 weeks, starting November 15th, 2016 and ending December 15th, 2016.
The ‘vSlice’ token Smart Contract will be deployed and people who contribute will receive 1:100 for each Ether (ETH) they send, for the 1-month of the issuance. So, for example 100 ETH will get 10,000 vSlice tokens.
There will be an an “early-bird” special. The Smart Contract exists with an initial token supply of 60M tokens. That is, 60M tokens will be available and distributed before the dates, through Crowdsale partners, open to any and all who wish to participate through those partners.
The Crowdsale Smart Contract is fully decentralized. That is, the sending of Ether (ETH) to the Token Smart Contract will result in the immediate, and decentralized, issuance of the contributors vSlice tokens on the Ethereum blockchain.
As soon as they are issued, accrued profits from the game are available.
Legal and Compliance: 23% allocation. Expenses, Salaries and Rewards: 23% allocation. Paying expenses and rewards for initiation of the Crowdsale: 15% allocation. Development of new games and projects, according to core competencies: 39% allocation.
Participants should visit crowdsale.vdice.io during the crowdsale period; November 15th, 2016 until December 15th, 2016. You can participate using Bitcoin (BTC) or Ether (ETH).
Anyone who wants to participate in the crowdsale should have Ether (ETH) held in any wallet: Ethereum Wallet, Mist, Parity UI, MyEtherWallet, Jaxx, Metamask, etc.
Once they have an Ethereum account with Ether (ETH), they simply need to send a transaction with a special gas amount (it will be approx. 30,000-40,000 Gas) to the ‘vSlice’ address, as displayed on the website.
The transaction will immediately create an equivalent amount of ‘vSlice’ tokens, with an exchange rate of 1:100, in the token contract, without any other user interaction.
Once the transaction has been confirmed you will see your token amount on the Ethereum Blockchain, and viewable through web-UI on the Crowdsale website.
Participants of this Crowdsale may sell ‘vSlice’ tokens as soon as they receive them, or hold ‘vSlice’ for a longer term. The ‘vSlice’ belong to the owners.
Zcash (ZEC) is another Crypto currency like bitcoin but with a few different features. Like Bitcoin it is based on a decentralized blockchain but allows for anonymity behind transaction amounts and parties involved. In Bitcoin if you know someone’s address you can follow their transactions and you can see which all the addresses and their transaction amounts – so its quite clear how much money is moving around, with ZCash all the information is encrypted.
Zcash is a decentralized and open-source cryptocurrency that offers privacy and selective transparency of transactions. Zcash payments are published on a public blockchain, but the sender, recipient, and amount of a transaction remain private.
Zcash is based on peer-reviewed cryptographic research, and built by a security-specialized engineering team on an open source platform based on Bitcoin Core’s battle-tested codebase. Our improvement over Bitcoin is the addition of privacy. Zcash uses advanced cryptographic techniques, namely zero-knowledge proofs, to guarantee the validity of transactions without revealing additional information about them.
Zcash zero-knowledge proving scheme makes it possible to conceal values and other identifying information from the public blockchain. Users simply prove that the values balance out and that they are not double-spending the amount they want to send.
Zcash is launched on the 28th of October 2016 and has a hefty heavy weight team working on it and backing it. These include names such as Roger Ver and Barry Seibert as well as Pantera Capital. The code is open source which is unusual as the Company – run by Zooko Wilcox, a 41 year old cryptographer – will expect to give 10% of the coins for funding costs and 1% for non profit organisations.
The Zcash total coin supply is going to be 21 million like Bitcoin, and it even follows the same issuance rate with 21m ZEC being issued over 131 years, but instead of having 10 minute blocks, ZCash will have a 2.5 minute block average with 4 times bigger block rewards that halve every 4 years.
Users, investors, everyone seems excited about a new cryptocurrency who is born today, but it takes months causing a stir in the network. It is called Zcash , and promises to be an alternative to Bitcoin caring privacy of users while offering as a real business for investors.
Much has been said about the Privacy and pseudo anonimato behind technology Bitcoin . Unlike the mythical cryptocurrency, the Zcash automatically hides the identities of senders and receivers , as well as the amount of all transactions Zcash conduct on your blockchain. Only those with a display key to view the contents of operations.
This is made possible by an algorithm called zero-knowledge proofs (zero knowledge proofs). This algorithm allows the creator of the transaction can include in it a validity test without transmitting any information other than the fact that the transaction is true. Therefore, no information that anyone can read is transmitted.
These characteristics have made such prominent voices in the world of privacy as Edward Snowden speak well of the project , referring to it as a solution to the risks of surveillance of public records Bitcoin transactions.
Another fundamental differences between most cryptocurrency and this is how that is organized. As the Bitcoin and all based on it, its code is open, although it is not managed as a community like most, but Zcash is a business . That makes the product attractive to investors.
How to develop the project has also been the reverse, because instead of throwing the coin and then seek financing, Zcash creators have sought investors to create the coin toss before . They also promise to reward these investors and workers a tax called “Founders reward”, so described on its website.
This has made the currency has grown exponentially before being released. On 15 September its value was $ 18 or 0.027 BTC, but two days ago had already risen to $ 260 or 0.379 BTC, marking an increase of nearly 1,300% . Moreover, some market analysts believe that the price of a ZEC overtake a bitcoin end of the year, as investors do not want to miss this opportunity.
Therefore, Zcash have a cryptocurrency not try to go against the system, but is based on their traditional methods of funding to provide free, anonymous alternative and promises to put users ‘ privacy above all. And what is more important, that investors do not want to miss the next Bitcoin , which is pushing very strongly its initial growth.
How to Buy ZCASH
At the moment there is no way to buy Zcash and once it launches, exchanges will have to wait for a decent amount of volume to be mined before adding it as a trading pair.
You can test ZCash out on the test network for free by going to a faucet and then playing around with it. Stay tuned and we will let you know as soon as Zcash is released where to buy it and its live prices on all the markets.
You can test some of it out on the test network for free by going to a faucet and then playing around with it. Stay tuned and we will let you know as soon as Zcash is released where to buy it and its live prices on all the markets.
For the time being though none of the ZCash coins can be mined fully which is similar to what happened with ethereum – except with ethereum a lot of the crypto currency was bought in a crowd fund prior to release.
How to Mine ZCASH
ZCash will use Equihash as an hashing algorithm, which is an asymmetric memory-hard PoW algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible, much like Ethereum. In order to avoid Instamine ZCash will have a slow mining start, where block rewards will be issued slower than normal. ZCash is currently in beta stage and the testnet is live.
Feel Free To Donate ZEC
(For Developement of Coinsinfo for better Co-operation)
NiceHash offers you to sell and buy hashing power. Selling hashing power is as simple as connecting your miner to stratum mining pools while buyers can buy hashing power on demand, on pay-as-you-go basis. Unlike traditional, often failed investment based cloud mining services, NiceHash provides purely technological advanced cloud mining experience. As a buyer you can put quick orders and rent massive amount of hashing power, point it to a pool of your choice and mine Bitcoins or any other altcoins such as Litecoin, Dash and other emerging digital currencies. By taking advantage of variable coins mining difficulty and smart trading you can make great profits with hashing power, rented through NiceHash service. Get yourself some massive hashing power right now!
NiceHash is built on state-of-the art infrastructure with presence all over the globe. They’re offering two separate marketplaces: EUROPE and USA with high performance stratum servers. In addition to this they also provide super fast stratum proxies located in ASIA (Tokyo and Hong Kong). Goal is to bring service as close as possible to sellers (miners) and also to buyers target pools and thus provide excellent efficiency for hashing power sellers and hashing power buyers around the world. You’re also welcome to checkout how exactly service works by looking at FAQ of Nicehash Site.
Why use us to sell your hashing power?
- Simple as using a multipool
- Be paid more than any multipool pays
- You are paid on pure no-risk PPS reward system
- No contracts
- Automatic payments in Bitcoins up to 4 times a day
- No registration – just point your miner to our stratum proxy with your Bitcoin address as username
- No limits – use as many rigs as you like
- Transparency – know exactly how much are you earning at any time
- No need to wait for unexchanged coins – you are paid in Bitcoins for every submitted share
- Detailed statistics for up to past 7 days
- Per worker statistics
- Trustworthy service with all-time regular payments
Pesobit launch their online wallet can check at wallet.pesobit.net
Already Pesobit ICO registered use can login using their ICO credentials (email address and password).
Pesobit is making good move on exchanger current price mention on account dashboard.
Nice UI and UX, also user friendly too.
Don’t forget to enable 2FA to secure your online/web pesobit wallet.Source
Feel Free To Donate PSB
(For Developement of Coinsinfo for better Co-operation)
A fast, reliable and battle tested Crypto Currency built on the solid foundation of Bitcoin. A true anonymous Tor friendly currency that works with Open Intrusion Prevention Systems IDS as a service to protect core daemon process and RPC stack. Digital Rupees is a pure community project which aims to improve the build standards of current block chain and enhance the stability of the network. Anyone who understands C Language and BSD Operating System is welcome to carry the development forward. Everyone is welcome!
- Algorithm: Scrypt
- Type: PoS
- Coin Name: DigitalRs (Short for Digital Rupees)
- Coin Ticker: DRS
- Address Letter: D
- RPC Port: 58787
- P2P Port: 58786
- PoS Percentage: 8% Per Year
- Last PoW Block : 1000
- Intentional Blocks Staked During Premine: 5 (To reduce the staking amount going above 500M)
- Coinbase Maturity: 20 blocks
- Block Time: 90 seconds
- Target Time-span: 1 block
- Transaction Confirmations: 6 Blocks
- Mined Blocks Before Confirmation: 20 Blocks
- Min Transaction Fee: 0.0001 DRS
- Stage Age: 5 Hours
DIGITAL RUPEES ICO will Start on
( 9 September ) and end on ( 19 September ), At ( Coinexchange.io Exchange ) .
The Total DRS supply stands at 495 million and will be distributed in the following proportions :
– Approximately 99% ( 490 Million ) of the coins will be distributed to early supporters in ICO procedure to participating users based on their contribution in the total amount of the raised funds for Digital Rupees Development .
– Approximately 1% ( 5 Million ) Will be kept separated in a staking wallet and given to Michael Tremer of IPFire project www.ipfire.org for appliance Development .
– Digital RUPEES (DRS) Will be sold as Tokens on Coinexchange.io For 0.00000010 ฿ .
Dr. Baloch Asif PhD
Lead Development Accomplished Scientist and IT executive with 21 year of experience in Cyber Security, Appliance Development and Strategic Warfare. Bringing a full Proof of Stake currency from Pakistan as a gateway opener for the country and community development.
Brain Telecommunications Pvt Ltd
Top private telecommunication company in Pakistan backing Digital Rupees. Creators of world’s first computer virus. https://en.wikipedia.org/wiki/Brain_(computer_virus) . Brain Telecommunications supports Digital Rupees network and the sole startup promoter of this currency in Pakistan.
Core Developer Cloud infrastructure and database technologist with a focus on architecting Cloud infrastructure solutions for the data-driven enterprise. A technology visionary with innovation, entrepreneurship and perpetual learning as foundational traits. A dynamic leader with adaptive leadership style and vast experience in building and leading wide ranging technical teams.
Graphic Designer Graphic Design, Community Support, Public Relations. Strong Background In Bitcoin and Altcoin Scene.
Digital RUPEES (DRS) Will be sold as Tokens on Coinexchange.io For 0.00000010 ฿ Join Today !
Why Save The Ocean Coin?
If we would like to answer this question with one sentence it would be this :
Raise awareness of Ocean degradation
Here are few facts why our oceans and oceanic ecosystems are in danger
- The oceans are over-fished. 90% of the ocean’s big fish are gone because of over-fishing, and the remaining 10% could be gone in as little as forty years.
- Illegal fishing and destructive fishing practices, like bottom trawling
- The world’s seafood consumption rate has been growing twice as fast as the population
- There are tons and tons of plastic in the ocean. It breaks down into smaller pieces, but never goes away.
- It’s estimated that 60-80% of all marine debris is plastic.
- 64% of the ocean lies beyond the jurisdiction of any nation, and there are no fully protected reserves in these waters.
What are goals?
- Main goal is to get “Crypto-Lands” people attention over the danger which surrounds us and our environment.
- Many hundreds and thousand people are involved in Alternate Cryptocurrencies nowadays.
- By creating a strong based movement and organization hopefully we can incite at least a few users to pay a little more attention on how we are living and how we are going to leave our planet for our successors.
– PoW/PoS Hybrid – X11 algorithm – Total supply ~ 150.000.000 – BlockTime – 60 sec – PoS starts at block 2880 – PoS reward – 10% yearly – Min. StakeAge – 8 hours – Max. StakeAge – 30 days – Premine – 6.6% – RPC Port – 4556 – Default Port – 4555 – PoW rewards with different phases – Early mining – 1 -> 2.880 – 500 STO – Pool mining – 2.880 -> 10.000 – 200 STO – SuperBlocks#1 – 10.001 -> 12.880 – 250 STO – MiningPhase#1 – 12.881 -> 43.200 – 200 STO – SuperBlocks#2 – 43.201 -> 46.081 – 300 STO – MiningPhase#2 – 46.082 -> 146.080 – 200 STO – SuperBlocks#3 – 146.081 -> 148.960 – 400 STO – MiningPhase#3 – 148.961 -> 248.960 – 200 STO – SuperBlocks#4 – 248.961 -> 251.840 – 400 STO – MiningPhase#4 – 251.841 -> 351.840 – 200 STO – SuperBlocks#5 – 351.481 -> 354.720 – 400 STO – MiningPhase#5 – 354.721 -> 500.000 – 200 STO – MegaBlocks#1 – 500.001 -> 502.880 – 1000 STO – MiningPhase#6 – 502.881 -> 1.000.000 – 100 STO – SuperBlocks#6 – 1.000.001 -> 1.002.880 – 400 STO – MiningPhase#7 – 1.002.881 – 100 STO
To raise public awareness of our movement and organization we would like to follow a consciously planed RoadMap, which will be continuously developed and complemented with users ideas. We would like to give the opportunity to STO user-base to modify and influence the roadmap which will be followed by STO Movement. After the release of STO, we would like to start to develop the whole environment for our project. Registrating a Non-Profit organization will form the base of STOMovement which will be a strong base for the Movement.
– 08/31/16 – STO wallet released – 08/31/16 – STO source released – 08/31/16 – STO road-map announced – 08/31/16 – STO Bitcointalk announcement – 07/09/16 – STO added to Yobit
How to get STO?
The main source to get STO is PoW. We decided to choose X11 algorithm because, this algorithm gives amazingly fast hashes for both GPU’s and CPU’s and, being more complicated than a SHA256 ASIC implementation, the use of X11 will harden the use of ASIC miners in the short term to midterm future. An added benefit of the algorithm is that GPUs require approximately 30% less wattage and run 30-50% cooler than they do with Scrypt. To encourage miners and maintain the interest we decided to place SuperBlock phases in PoW structure with 400 STO reward. There will be 6 superblock Phases, which will long 2 days each (2880 blocks) Also there will be a MegaBlock phase of 2 days with 1000 STO reward. Also there will be an early miner period of 2 days with 500 STO block reward.
With a yearly reward of 10% STO, you can stake your STO only by keeping your wallet online. The minimum stake age is 8 hours, so you must keep your coins in your wallet for at least 8 hours to start staking. The maximum stake age is 30 days.
To stimulate the users to get involved in our project, we decided to launch a free distribution. The free distribution period will last for 1 week. All you have to do is to send us a PM with your STO address. To filter and prevent sock-puppet registrations you must fulfill a few requirements
- You have at least Jr.Member rank
- You have at least 50 posts on Bitcointalk
- You have been active in the last few weeks
The rewards are based on bitcointalk ranks.
- Jr.Member – 250
- Member – 500
- Full Member – 750
- Sr.Member – 1000
- Hero Member – 1250
- Legendary – 1500
Blockchain technology integration is another subversive break for traditional industry. Recently , BlockCDN a newly established company located in Hong Kong presents a self-trading platform which operates blockchain smart contract to connect network idler and network acceleration demanders in a fair, open, integrity way. It will bring blockchain smart contract, sharing economy and P2P technology to CDN acceleration industry. Make good use of idle network equipment and idle network traffic of internet idler, and become the data node of CDN acceleration. It will provide internet access service for users nearby through DNS dispatching and P2P multiple nodes so as to moderates the network congestion and reduce waste of resource. In addition, internet idler could get good benefits without extra investment.
BlockCDN leading CDN industry revolution, will replace 90% of traditional CDN.
What is CDN?
CDN content distribution network distributed network, including node server farms located in different regions and provide its content. Internet sites such as end-users of Internet video and online games close to the edge node server with high availability, load balancing center platform, content distribution, scheduling, and other functional modules, allowing users to obtain the required content of the nearest, reduce network congestion and improve user access response speed and hit rate. CDN’s key technologies include content storage and distribution technologies.
What is Blockcdn?
The BlockCDN is blockchain powered CDN node shared trading platform links with those who need, and protect their legitimate rights and interests, you can blockchain transparent, fair, open and intelligent contracts immutable effective implementation. The BlockCDN allows those who need to obtain CDN CDN service, which is 10% of the price of traditional CDN services, but with a plurality of nodes, and faster access. The Internet allows the idler BlockCDN share their free network access device (such as a PC, router, TV box, pad, mobile phone, etc.) as CDN` data caching node and provide the site’s CDN service. In addition, they can make a good profit without investing extra money.
What is the block chain?
blockchain is a technology solutions to safeguard a reliable database through decentralization and decentralized model. Technical solutions are mainly useful to the process to make the system generates information exchange data across multiple nodes cryptography and each block chain block contained within a given time, and generates information used to verify the validity of the data and information fingerprint chain The next data block.
What is the share economy?
Sharing economy, also known as point-economy, economic coordination, collaborative consumption, is built on shared human socio-economic ecosystem of a social economic ecosystem. For example, Uber material resources.
Blockcdn what kind of change will bring to the market?
CDN current situation: for CDN and global construction market is expanding. According to the announcement from the United States market monitoring report data microscopic scale CDN market is estimated to increase to $ 3.7 billion from $ 3.4 million one billion 12.1637 2014 2019 CAGR of 26.9% rate of return. CDN has many advantages, such as the pressure to solve interoperability problems and ISP network connectivity problems, reduce the source server, effectively counter-attack, DDoS attacks. However, there are disadvantages: It’s complicated cache server operations, require a huge amount of investment and the layout is limited.
Blockcdn advantages: A, blockcdn blockchain based technology enables Internet users worldwide to share their idle equipment as a data cache node, and provide data upload service for nearby access to the user. So as to obtain the corresponding reward. As more and more people engaged in BlockCDN CDN nodes become more abundant, which will form a global network distributed CDN, CDN completely change the current business model, so that the resources of the nearest caching node infinitely close, greatly accelerated access speed to effectively alleviate network congestion. Nodes share can get the money from their nodes.Whether they are walking the dog, shopping, eating or watching a movie. B, with increasingly rich Web content and applications, network congestion becomes more serious and user experience gradually decreased. Expensive CDN acceleration rate continued to open up profits for website owners. As a self-service CDN trading market, blockcdn enable site owners and shareholders enjoy freedom, equality and transparency of the business, reduce costs 90% to accelerate and better CDN service. C, blockcdn trade payment platform. Based on ETH, blockcdn will be issued a token bcdn, will spread in the trading platform to address shared global trade payments and people who need to be accelerated. In addition, either increase or decrease the amount of circulating bcdn token. Limited token massive CDN business serving rapidly growing markets.
How to invest Blockcdn?
More about BlockCDN
Zion is a cryptocurrency based on the Monero platform, which was forked from cryptonote a secure, private, untraceable cryptocurrency, which will be the primary sole used on the upcoming Tor marketplace codename Zion Marketplace, which is currently being purpose build, developed and vigorously security audited. Throughout the project i will refer to Zion the currency as Zion, and Zion the marketplace as Zion Marketplace. For those wondering, this project was renamed from MoneroClassic to Zion after a number members from the Monero community showed distress, and after careful consideration I’ve decided to steer away from using Monero in the project name, but give full credit for the codebase. I have great respect for Monero and its developers.
- Multi Seller/Vendor Support
- Seller & Product Approval and Moderation
- An offline bitcoin vault
- Haggling feature
- Owner & Seller Commission Management
- Rating & Reviews for Sellers
- Responsive Design (possibilities for portable devices using the tor network)
The plan of attack for this project is to offer the marketplace to approximately ~150 of the current top vendors throughout AlphaBay and Dream Marketplace, offering no sign up fee to PGP verified top vendors, and no commission over the first ~3months. As you may or may not know Dream and AlphaBay have been suffering timeout and server overloads over the past few months and top vendors are looking elsewhere, this is where Zion Marketplace takes the fame. After the ~3month period of no commission to select vendors, commission will be used to place buy support on Zion in exchanges, creating a steadying buy-on-the-fly feature. The Zion platform will aim to fill in the gaps where other darknet marketplaces fail, 100% uptime, low commission & a fluid/responsive design and of course a range of top & unique vendors.
Project Zion will undergo a round of funding with a maximum of 151 BTC. At a base price of ฿0.0000080 per coin, 12,700,000 Zion will be available to purchase through our main website. Funding will be used for cryptonote development, tor project development & ongoing maintenance & community support.
Discount tiers available as follows
- Day 1 – 3 ฿0.0000080 per coin
- Day 4 – 6 ฿0.0000085 per coin
- Day 7 – 9 ฿0.0000090 per coin
- Day 10 ฿0.00001 per coin
- PoW algorithm: CryptoNight
- Block reward: Smoothly varying
- Block time: 240 seconds
- Difficulty: Retargets at every block
Introducing the Quintessence System, the upcoming decentralized online network of currencies. With a new approach on tokens, this network will function with Spark Token, a multi blockchain token that will simplify and improve the current 2.0 tokens by bringing to the world a system that includes today’s important features. All in one single token. Sidechain, Smart Contracts: with Quintessence, it’s your choice how you develop your project, now as a developer you will have the option to take the path that suits you best.
It is expected that such a large-scale project as Quintessence requires a certain amount of resources to make it happen; crowdfunding also allows people to take part in the action at a low price early on. For these reasons, this System starts with a crowdfunding effort. The ICO starts on September the 12th; the tickets to participate in this project are the Crypto Bullion (CBX) coins, which you can purchase from Cryptopia or Yobit.
A new token, Spark, will be created to make the Quintessence System turn. One difference with other crowdfunded coins is that the devs don’t get any Sparks for free, we have to buy them with CBX just like everybody else. We cannot be certain of the outcome of this crowdfunding ICO, but we expect there will be around 1 billion Sparks (SPK) at launch. After this however, the money offer won’t grow too fast as we will maintain a 1% money supply growth for the rest of this token’s existence.
The crowdfunding schedule will operate with bonuses, where the earliest contributors will earn the most Spark tokens once the blockchain is ready. The basis for your CBX contributions is 1 CBX gets 4000 Sparks, once the blockchain is ready. As mentioned earlier, Day One is September 12th.
- Day one: 30% bonus
- First week: 17% bonus
- 2nd week: 10% bonus
- 3rd week: 5% bonus
- 4th week: no bonus
The Crypto Bullion coin, a veteran in the altcoin scene, not only will be useful as the ticket to this crowdfunding ICO, it will also be part of the Quintessence network as the investment counterpart. While Spark (SPK) will be the workhorse, Crypto Bullion was designed as the investor’s coin. CBX has a small money supply: there are only 1 million Crypto Bullions in circulation, with a low inflation of 2%. This 2% is awarded to people who are securing the CBX network through CBX’s PoSP algorithm, which translates to much higher gains for stakers.
We think that this crowdfunding that requires many CBX could have a positive effect on the value of CBX while it is taking place, and after; this is part of the plan, as we want to build value for the Quintessence System. Depending on how CBX’s value evolves, it is possible we could accept as many as 250 000 CBX in this program, so we gather the resources necessary to make this project happen.