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You like Nextcoin? Well, you’ll definitely like this coin as well. Some people were saying about Nextcoin that it was unevenly distributed , making it difficult to small investors to compete with big ones. Using PoS, it is indeed hard to forge any coins if your stake is only a couple hundred coins.
Seeing this as a disadvantage of Nextcoin, the founders of Faircoin decided to distribute to everyone who gets an address (49750 people at most) during first 5 days. This means, everyone will get at least 1000 coins ( 5 million cap – 0.5%, divided by 49750 addresses). The rest of 0.5% are kept for bounties and supporting the community.
Here are some technical specifications:
- 50,000,000 premined coins
- Flat 6%/year minting reward, halving every year until baseline of 1.5%
- 30/90 days min/max weight
- 10 minutes block target
- 30 minutes difficulty retarget
- 0.001 coin mining reward
The launch is going to be in about an hour, so check it out! You may be pleasantly surprised!
breekmd 