ALQO (XLQ) an open source cryptocurrency and globally accessible payment network, with a highly-scalable, hyper-fast, low-fee transaction profile. The ALQO network features a low-barrier, fully democratized governance mechanism, user-friendly cross-platform clients for universal adoption and a large-scale masternode network supporting a diverse set of services available to network participants. To secure its network, ALQO utilizes a Quark-based Proof of Work consensus algorithm, to be later switched over to an environmentally-friendly Proof of Stake. Masternode operators are compensated for the services they provide, as are miners and stakers for cryptographically validating transaction on the network.
• Coin Name: ALQO
• Ticker: XLQ
• PoW Algorithm: Quark
• Premine: (#1 Block) 100,001 ALQO (0,17% of PoW)*
• PoW Blocks: 2 - 409000
• PoS Blocks: Starting from 409001
• Block Time: 60 Seconds • PoW Max Coin Output/Supply: 57,879,300
• PoW Ending: ~ ca. 330 Days (Estimated: October 2018)
• Masternode Requirements: 10,000 XLQ
• Maturity: 30 Confirmations
• Prefix: ALQO adresses start with the capital letter "A"
*the premine is going to be burned on the 1st November 2018
PoW Reward Distribution
|Block Height||Reward Amount||Masternodes||Miners||Dev fee|
|Block 2 - 86400||200 XLQ||Masternodes 40 XLQ||Miners 160 XLQ||0 XLQ|
|Block 86401 - 151200||150 XLQ||Masternodes 37,5 XLQ||Miners 112,5 XLQ||0 XLQ|
|Block 151201 - 225000||125 XLQ||Masternodes 37,5 XLQ||Miners 87,5 XLQ||0 XLQ|
|Block 225001 - 302400||125 XLQ||Masternodes 75 XLQ||Miners 43,75 XLQ||6,25 XLQ|
|Block 302401 - 345600||100 XLQ||Masternodes 60 XLQ||Miners 35 XLQ||5 XLQ|
|Block 345601 - 388800||75 XLQ||Masternodes 45 XLQ||Miners 26,25 XLQ||3,75 XLQ|
|Block 388801 - 408960||50 XLQ||Masternodes 30 XLQ||Miners 17,5 XLQ||2,5 XLQ|
|Block 408961 - 409000||1 XLQ||Masternodes 0.6 XLQ||Miners 0.35 XLQ||0.5 XLQ|
Masternode and staking rewards with PoS: During the PoS phase, rewards will be distributed among masternode operators, stakers and the dev fund based on a distribution ratio of 60%/30%/10% respectively.
PoS Reward Distribution
Proof of Stake will automatically be enabled at block height 409001.
|Block Height||Reward Amount|
|Block 409001 - 410400||1 XLQ|
|Block 411841 - 538560||60 XLQ|
|Block 538561 - 581760||25 XLQ|
|Block 581761 - 624960||10 XLQ|
|Block 624961 - infinite||5 XLQ|
For more information check out our whitepaper at: alqo.org/whitepaper.pdf
Alternatively, we have added a non .pdf version in our Github repository. You can find it in the ALQO Github Wiki.