ConCoin was created to meet the needs of over 6 million prison inmates throughout the state and federal prison system. ConCoin is a means for inmates to trade for anything of value within the prison walls.
We have collected thousands of letters from inmates across the U.S. responding to our initial letters about our cryptocurrency, as well as how it works. We keep in constant communication with them through a monthly news letters as a way of gaining valuable insight and feedback so we can improve how ConCoin will work and as to our launch of the coin.
We have offered the inmates who pre join ConCoin 250 tokens that will be exchanged for coins when we officially launch. We also have a referral program that offers 50 additional tokens for referrals to use ConCoin. During this pilot period, inmates have already been activity trading the tokens which somehow they have created an inherent value for.
In addition to keeping close contact with our inmate pilot users, we have also been in contact with a few warden’s and their staff across the country who praise the idea of ConCoin and believe that this cryptocurrency has great value and use for inmates.
Currently, we are working on a beta system that involves the installation of a computer system inside of a prison. This system will enable inmates to transfer the coins as well as to see the current prices.
ConCoin is already being used by inmates in 9 of the top 10 prisons in the U.S.:
– Rikers Island
– Louisiana State Penitentiary
– Leavenworth Federal Penitentiary
– Folsom State Prison
– Attica Correctional Facility
– San Quentin State Prison
– Sing Sing State Prison
– United States Penitentiary Marion
– Pelican Bay State Prison
This digital currency enables inmates across the country to transfer ConCoins between themselves within the prison walls as well as to other inmates throughout the United States prison system--all in just a matter of minutes.
Not only will ConCoin be of great benefit to inmates, it will also be of great benefit to those who manage and run prisons. For the first time ever, both the state Department of Corrections and the Federal Bureau of Prisons will be able to see the trail of money which passes through their prisons via blockchain technology.Ticker CONX
Hashing Algorithm: X11
Difficulty Retargetting Algorithm: Simple Mode
Time Between Blocks (in seconds): 120
Block Reward: 50
Premine: 851,000
Total Coins: 6,851,000
Time Between Halving: 137,020
Yearly Intrest 5%
More dates to be updated soon!
January 2018 - ConCoin pilot program V1 trading machine to test in the first prison
May April 2017 - ConCoin Launches
April 2017 - ConCoin windows, Linux wallets
March 2017 - ConCoin soft release, bounty program ( round one )
March 2017 - ConCoin files provisional patent with USPTO
March 2017 - ConCoin acquires concoin.com from sedo.com
January 2017 - Concoin now receiving close to 600 letters a month
September 2016 - ConCoin talks to 3 prisons about pilot program
March 2016 - ConCoin receiving on average 400 letters a month
October 2015 - ConCoin newsletter release
June 2015 - First call received from San Quentin State Prison warden
February 2015 - ConCoin becomes a registered trademark with USPTONovember 2014 - First request to transfer tokens
August 2014 - website up concoins.com
July 2014 - First inmate to ask for ConCoin tokens
May 2014 - ConCoin vision created
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