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Alqo (ALQO), wallets, pools and exchangers

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.

For more information please visit us at: alqo.org or visit our ANN thread at: BitcoinTalk

Coin Specs

• 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 HeightReward AmountMasternodesMinersDev fee
Block 2 - 86400200 XLQ Masternodes 40 XLQMiners 160 XLQ0 XLQ
Block 86401 - 151200150 XLQ Masternodes 37,5 XLQMiners 112,5 XLQ0 XLQ
Block 151201 - 225000125 XLQ Masternodes 37,5 XLQMiners 87,5 XLQ0 XLQ
Block 225001 - 302400125 XLQ Masternodes 75 XLQMiners 43,75 XLQ6,25 XLQ
Block 302401 - 345600100 XLQ Masternodes 60 XLQMiners 35 XLQ5 XLQ
Block 345601 - 38880075 XLQ Masternodes 45 XLQMiners 26,25 XLQ3,75 XLQ
Block 388801 - 40896050 XLQ Masternodes 30 XLQMiners 17,5 XLQ2,5 XLQ
Block 408961 - 4090001 XLQ Masternodes 0.6 XLQMiners 0.35 XLQ0.5 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 HeightReward Amount
Block 409001 - 4104001 XLQ
Block 411841 - 53856060 XLQ
Block 538561 - 58176025 XLQ
Block 581761 - 62496010 XLQ
Block 624961 - infinite5 XLQ

Further information

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.

https://github.com/ALQOCRYPTO/ALQO/wiki

https://github.com/alqocrypto/alqo

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