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
Quintessence Crypto Bullion
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.
Onecoin probably the biggest ponzi scam of 2016, due to this some of developers who personally decide to build a coin called XONECOIN, with 100% free distribution.
Why? well, I would like to involve as much as possible user to talk about XONECOIN and why is different and better about onecoin. First of all, xonecoin is a real crypto,with a real blockchain, then it’s free. But, differences about xonecoin and onecoin could be explained by all of you, in a good or bad way.
2 Round – Answering some easy questions running from august 27-28.
Who applied first round, couldn’t apply for second ones (only for august 27-28 rounds).
E-mail round of 350000 XOC (350 shares)
Running on august 29.
Free distribution rules will comes daily. This was one coin i compiled few months ago, then put apart. Now i would like(since it’s completely developed), distribute among community and have some rumors about it, specially on onecoin community. Real blockchain will win among fake ponzi scheme.
Xonecoin team will be quite slow with airdrop, so, no rush please. This is a coin with a purpose: let onecoin supporter knows which is the difference between a real crypto and a awful ponzi pyramid scheme. Relax and enjoy distributions.
XOC is free and his distribution way is different each stage,funny,dynamics and random(will choose how,when and shares amount), so please,accept it as free.
To exchanges: Considering XOC list as free list.
Translations (after first 2 round complete): 500 XOC each
Web Wallet: 2 share (2000 XOC)
Forums/Blogs promotions: (500 XOC each).
Twitter promotion: TBA
Press/Media/Web article: (1000 XOC each)
Approx: 40000 XOC to be distributed through bounties.
*Xonecoin reserve 2 share for us to run on vps. Distribution start: August 29
About XONECOIN (XOC)
Why XONECOIN is better than ONECOIN?
Because it’s free and it have honest and dedicated dev.
Because XONECOIN i know this coin will be better.
Because is no one coin
Because the coin owner and the dev are honest and they will give the coin for free without scamming the users.
Onecoin is the biggest ponzi scheme, Xonecoin is free, fresh and 100% against of onecoin.
Because you are free to sell or hold as you wish, there is no minimum holding period
Because XONECOIN in different system. Good community who help each other and have a chance to reduces poverty value.
Because you don’t have to sit in a sweaty hotel conference room and listen to a bunch of old men lie to you
Because it’s totally free! No shitty ICO,no silly IPO and no one will loose money. Free coins for free community
Because XONECOIN love the community and they are going to support XONECOIN.
Why ONECOIN is worst than XONECOIN?
Beacause Xonecoin is a real crypto with a real blockchain and a real community.
There is no such word as “Free” in Onecoin concept,no viable business model while promising everyone return of investment = “MLM Scheme Framework”. Xonecoin is totally free and giving community profit = “Development Framework”.
ONECOIN is an insidious Ponzi scheme which misappropriates the terminology of the “blockchain” in order to scam suckers out of their money. XONECOIN is an actual blockchain.
Onecoin – Ponzi scheme, dies at any time. Real people won’t get into it. Xonecoin Overcomes difficulties, one of the promising blockchain being builtup in the tough time.
ONECOIN is worse than XONECOIN by the same principle as regular MEN are worse than X-MEN.
Because onecoin blatantly scam the bitcoin community and fooled the community in thinking that it is fair distribution.
Because onecoin is a centralized solution where very few can decide for everyone.
Because you can’t simply sell your onecoins on an exchange [dodofelix]
OneCoin “mining” relies on “Tokens” that come with their “Educational Packages”. XOneCoin coins are mined for real!
Onecoin scammed people having huge premine and dev leave project while Xonecoin have rare supply coin and 100% free for all, save 2 shares for dev.
FastCash is a digital currency launched and distributed by airdrop for 12 hours on August 26, 2016.
During the airdrop, the coin was met with unprecedented community demand, and ran out before the 12 hour timer ended. FastCash is a token that will be used on the FastNetwork decentralized service marketplace as a medium of exchange for basic network tasks.
It remains as an inflation vehicle on the main network, accruing around 100% interest per annum. It also is the collateral currency that will be required to run a node on the FastNetwork. FastCash has a low initial supply of 780,000 coins.
What is the FastNetwork?
The FastNetwork ecosystem is a parallel secondary network to the main FastCash network. This system will initially be built with a few functions that will allow it to serve as a very basic decentralized service marketplace with a backing node network allowing all functions to be performed with no central server or entity.
The decentralized service marketplace will allow basic network tasks to be bought and sold, such as hosting, exchange of digital assets, advertisement space, as well as data mining on other alternate currency networks.
The main incentive for hosting nodes will be service fees accrued from active service contracts. Secondary node incentives will include Hi-PoS rewards only available to node owners, while the main network will remain at a percentage inflation. Node owners will be required to manage a set collateral of FastCash to be accepted by the main network. Upon initial release, the FastNetwork system is planned to begin with a decentralized digital asset exchange and advertising.
Full details will be revealed in the whitepaper.
100% premine, distributed through Bitcointalk airdrop
64 second blocks
1 coin per block for 10,000 blocks (Scrypt PoW)
1 hour minimum age for staking
Coinbase maturity 20 blocks
Transaction confirmations 3 blocks
Decentralized Social Bookmarking and Funding Platform Free from censorship, available anywhere!
Postbase is an ambitious social bookmarking and funding project that is focused on the development of a fully decentralized social bookmarking platform that rewards users for submitting quality content. At the core of the postbase platform is the POST cryptocurrency.
Subbases are category specific boards that users can post to. Postbase users can create and manage their own subbases. Users that create a subbase will become the subbase owner, and will have control over moderator and subbase delegate selection. Subbase owners will also control the subbase fee schedule. Subbases will run on sidechain nodes that index subbase posts and related content.
User Reputation Score
Every Postbase user is assigned a reputation score of 5 when they create a new account. The users reputation score will adjust based on the popularity of the content they submit. The reputation score will increase when they receive up votes, and decrease when they receive down votes.
Custom Ranking Algorithm
Every user will have the ability to control how posts are ranked and filtered by adjusting their personal ranking algorithm. A number of metrics can be adjusted in the ranking algorithm including reputation scores, and moderator flags.
Postbase uses DPoSR (Delegate Proof of Stake * Reputation) as a consensus mechanism. DpoSR is a variation of Delegate proof of stake that was originally created by the bitshares team. With DpoS the weight of the votes used to elect the active delegates is proportional to the amount of Coins the users hold in their wallet. DpoSR multiplies the amount of coins by the users reputation score when determining the weight of the votes, giving more weight to votes cast by users with a higher reputation score.
Custom Post Types
Link and Texts posts allow for Postbase users to share content on category specific subbases and get rewarded for posts that receive upvotes from other users on the network. Posters that have a higher reputation score will have their content move to the top of the subbase faster than users that don’t vote, comment or have a negative reputation score.
Funding posts can be used to create awareness, and raise funds for a specific initiative or project. Funds are raised from the upvote transactions and direct donations from users. To ensure the viability of the project that will require a set amount of funds to complete, fundraising goals can be set that must be met before the POST currency is delivered to the posters account.
I Am a Posts are nothing more than a question and answer format in which the original poster may answer questions and receive rewards for upvotes associated with each answer. Users that submit questions will also be rewarded based on the number of upvotes their question receives. The monetary reward associated with the answers will entice the posters to submit detailed and quality answers.
Prediction Posts allow users to purchase shares associated with a possible outcome. The user purchases a determined amount of shares towards one or multiple possible outcomes of an upcoming event. Once the event takes place and the outcome is verified by an assigned escrow delegate, the shareholders of the correct outcome receive an appropriate percentage of all coins raised from share purchases. If users have chosen an outcome which did not occur they would not receive a reward. The escrow delegate associated with the prediction post receives a portion of the associated transaction fees.
Mainchain Delegates carry out the task of securing the network and forging new blocks on the main blockchain These delegates will then receive a reward and a portion of the transaction fees generated on the main chain. 101 main chain delegates are elected by the Postbase stakeholders.
Subbase Delegates are chosen by subbase owners to forge blocks on the subbase sidechain. Subbase delegates will index the posts, comments and other content associated with the subbase, and serve content requests from the subbase subscribers. Popular subbases will distribute content request among its subbase delegates allowing subbases to scale easily to cope with the workload associated with a growing subscriber base.
Moderator Delegates are also chosen by subbase owners. These moderator delegates will flag inappropriate posts and identify users who are not following the rules of the subbase as outlined by the subbase owner. Users can incorporate the moderation flags into their custom ranking algorithm allowing undesired content from reaching their front page.
Escrow Delegates verify events taking place which are connected with posts that have POST currency in escrow. The verification of the event will trigger the transfer of the POST currency to the new account holders. Escrow Delegates receive a percentage of the transaction fees from the related posts once they have verified the event.
-The Postbase core will be based on Lisk (Node.js)
-Dapps module is being replaced with the new Subbase module
-New web client developed with React will replace the existing Lisk web client
-Desktop applications will be developed with React, Electron, and PouchDB
-Mobile Apps for Android and iOS will be developed utilizing React Native