After original developer left the BanKitt project and let it slowly die out, community has stepped up and made the hard work necessary for the project to live on.
First goal is to bring stability to the project, and therefore we have :
1. Fixed the issues with the blockchain
2. Estabished new decentralised nodes worldwide
3. Established stable infrastructure around the coin
4. Established basic support for all users of BanKitt
5. Created new social media channels
Short term goals :
1. Create new Webpage
2. Change some of the specifications of the coin, in order to bring long term stability
3. Give masternodes back their original role – to secure the network
4. Provide official Masternode guide with Sentinel
5. Re-establish trading on Graviex exchange
BanKITT is a form of digital currency secured by cryptography and issued through a decentralized and advanced mining market.
BanKITT is using neoscrypt, an ASIC resistant mining algorithm.
Masternodes are in place to help secure and maintain the network, receiving a share of the block rewards.
BanKITT has many features including:
- Superfast technology,
- Security,
- Anonymity,
- ASIC Resistance,
- Difficulty retargeting.
Specifications : In developement
Name: BanKITT
Ticker: BKT
Premine: 0
Mining algorithm: NeoScrypt
Block time: 60 sec (considering to change)
Block reward: 120 BKT (considering to change)
Maximum supply : 30.000.000 (considering to change)
Block reward distribution : 25% POW / 75% MN (considering to change)
Masternode colateral: 10000 BKT
Difficulty retargeting: Dark Gravity Wave 3
p2p port: 1661
RPC port: 6116
BOUNTIESThere is 0 premined coins, because they have stayed with the developer who left the project. We are considering what to do with his premined coins, because we don't want to give him a chance to use them.
This is a community coin, so we all work together to bring this project further. This is the reason why we are not offering any bounties yet.
DEVELOPMENT FUND: In developementWe are establishing FUND FOR DEVELOPMENT which will be used for DEVELOPMENT of the coin only.
10 – 20% of each block reward will go directly to this fund.
We are authorising someone from the community to keep track of the balances of development fund, because our intention is to be completely transparent with the community.
Community votes : Please follow the project closely, because in next days we will make few community votes about important coin specifications and directions!
Afterall, this is a community coin, and when we stand together we can bring this coin into the future!
VERY IMPORTANT INFO:
First thing for you as a community to do is to get on the RIGHT chain. This is very important.
The chain has split, and many of you are on the WRONG chain. Therefore also masternodes don't pay out, and require "new start". It is very important to get everybody on the right chain, becouse this blocks the further developement of the project.
What you can do : You need to delete everything from the folder bankittcore, except wallet.dat, bankitt.conf and masternode.conf (it is possible also to delete only peers.dat). Be extremely careful not to delete wallet.dat, or you may loose all your coins. Then you need to add nodes that are 100% sure on the right chain to your bankitt.conf file :
addnode=80.64.131.242
addnode=159.65.4.213
addnode=159.65.4.238
addnode=93.82.27.19
addnode=95.65.39.101
addnode=136.243.24.2
addnode=188.6.168.185
addnode=194.67.217.145
And after you let chain sync again. The WRONG chain is stuck at 56xxx ... so if you sync past that number you are on the RIGHT chain ( Please check the blockexplorer for correct actual block height ).
You can also add maxconnections=125 to your bankitt.conf file. Please dont make this number higher than 125, or you might desync again.
Your Bankitt Team:LukaL, TheHiman, Tai_Pan
