What is CommunityCoin?
Further distribution is made by means of gifts, bounties and trading in the usual way, and PoS (30% interest in the first year) blocks maintain the network.
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The COMMunity works together to increase the utility, and therefore value, by different enhancement/marketing/promotions, as well as technical ideas and progress . Everyone should have a part to play, and varying skills to bring to the table. The advantage of distributing this way is that Founder Holders are generally experienced in the way CryptoCoins work, and will consequently contribute more to the COMMunity over time. The COMMunity understands that coins need to be given and earned in the widest possible way to improve adoption.
Proof of Stake is far less energy intensive than Proof of Work (the standard method of generating Cryptos up until now). Under the correct conditions, it creates a more secure network, less prone to attack, and as it matures, provides faster confirmations of transactions.
Pure PoS Coin
– Block time : 60 seconds
– Difficulty retarget : every block
– 3 transaction confirmations
– 50 minted block confirmations
– PoS Minimum Coin Age 1 day
Variable interest , Stake (annualized rate):
Year-6 on-wards : 1% annual stake for maintenance.