Release date: 6PM GMT, Sunday 19th January 2014Coin InformationFrom the international enterprise team who bring you GoldBar, Silverbar and PlatinumBar is the new BitCredits (Credits).
This new “Alt-Coin” aims to be a single universal currency (credits) with a high enough coin count and mining time to ensure the currency has a long and credible future.
Credits are whole coins and not available to be traded decimilised (the actual value against real world currency to be decided by any participating exchanges).
Credits are to be mined over a 1024 year period, that's right, a 1,000 year period to ensure that there is never a pump and dump scenario and that coins are gradually released into society replacing all world currencies in favour of trading credits - a currency that can be applied nationally, internationally, and once other planets are colonised it is a currency that can be used throughout the universe with CREDIBILITY
Welcome to the future - a true universal coin.
ValueWe do not predict the value of the coins however we hope that these will be heavily valued by people, society and exchanges.
Mining- 1 minute block target
- 5 Confirms per transaction
- Difficulty re-targets every 60 minutes
- Block reward 10,000 estimated (may be higher)
- Total coin supply: One Centillion (1 ~303) = 1,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 coins
- Scrypt
- Premine: 3.5%
An estimated Pre-Mine of 3.5% is required for promotions, currency development and ensure future giveaways and use to make a positive difference to the world by relieving poverty, providing financial opportunities and improving real world social problems through donations, work and provision of opportunity.
Our coin has been minted (compiled pending launch)
Wallets ready on launch;Linux wallet (ready)
Mac wallet (ready)
Windows wallet (being finalised)
Pools:Please contact us at
[email protected] if you wish to have your pool added
Hashasaurus:
http://credits.hashasaurus.com (available for signup on Saturday 18th January)
FAQ:#1. - Question: When and where can we download the wallets.
#1a. - Answer: Our wallets will be available to download from our website and linked to from a number of websites including here as soon as possible and in advance of coin launch.
#2. - Question: Why Credits?
#2a. - Answer: Our aim is to create a unique long serving currency with foundations being able to be mined across 10 generations of families, our aim is to create a currency that is simple and easy to use inspired by the great David Brabhen's Elite where credits were the currency used to trade across the universe, our aim is also to create a currency that can and will help relieve poverty and create opportunity for a fairer world by creating a universal commonwealth and a currency that can be used for good. Our unique BitDebits scheme will also allow people to provide peer to peer loans through our approvals scheme - more information later in 2014.
#3. - Question: Will BitCredits be added to an exchange?
#3a. - Answer: We would like to see BitCredits take place on the exchanges and become the defacto currency used across the world.
Other:Blockchain: TBC (will be available upon launch)
Forum: TBCWebsite:
http://www.commonwealthcoins.orgAnything else please contact us via private message or via email at
[email protected]