Topic: [ANN]🔥🚀 Gentlemen Coin | For true Gentlemen only | PoW & Masternodes 🔥🚀 - page 5. (Read 1764 times)

Gentlemen coin is an open source, community run network, featuring instant and private payments. We believe that Gentlemen thrive when they can connect and trade freely. Gentlemen Coin uses advanced decentralized blockchain technology to solve major problems for our global community. The Gentlemen Coin blockchain technology revolutionizes altruism by aligning economic incentives in a decentralized community

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Resources

Website | Whitepaper | Masternode Setup Guide


Wallets

Windows | Unix | OSX

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Coin Info

There will be only 5 million Gentlemen Coins created over the course of many decades, making this one of the most scarce electronic commodities.

Maturity: 30 blocks
Confirmations: 6
Target Block-Time: 2 minutes / block
Difficulty Re-Target: 4 blocks
Mining Algo: Quark (Wallet integrated miner)

Masternode Collateral: 2000 Gents

Premine: 9% - used for dev team, bounty campaigns, airdrops, marketing and initial promotion of the coin.

Gentlemen Coin is starting as a PoW (Proof-of-Work) Cryptocurrency, which is using Masternodes to perform additional services as ultra fast transaction confirmation, voting, etc. The Coin is designed, that after Block 129601 (ca. 6 Months) the coin will change to PoS (Proof-of-Stake) coin with Masternodes. Users will then be rewarded to hold mature coins and PoW (Mining) will be disabled.

The implemented reward system has a declining nature. Every month (approximately), the reward structure is readjusted as follows:

Block 0 => 20 Gents
Block 21600 => 18 Gents
Block 43200 => 16 Gents
Block 64800 => 14 Gents
Block 86400 => 12 Gents
Block 108000 => 10 Gents
Block 129600 => 8 Gents - Change to PoS
Block 151200 => 6 Gents
Block 172800 => 4 Gents
Block 194400 => 2 Gents
Block 216000 till forever => 1 Gent

Masternodes: 70%
Mining: 20%
Governance Fund: 10%

With the introduction of PoS after Block 129601 the "split" will become more flexible. Block rewards received by the staker and winning masternode vary based on the amount of coins held for masternodes vs amount of coins available for staking on the network allows for Variable rewards based on needs of the network to keep the network services (Masternodes) and the security of the network (Staking Wallets) evenly distributed. When
there are fewer as the number of masternodes rises the portion of the block reward that they earn is reduced, it increases when the number of masternodes declines.

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Masternode Presale


How does it work?

Send us a request for a Masternode, we will provide you with a BTC Address for sending the coins. The Masternode spot will be reserved for you for maximum of 5h after we send the confirmation mail. If we do not recieve your payment within this time, the spot will be released to somebody else. Masternodes will be distributed on a FIFO (First-In - First-Out) basis. The coins to start your node will be sent within a few hours after payment is recieved directly to your wallet.

This presale is for a maximum of 15 Masternodes - 30'000 Gents. The coins will be sent from premine wallet. All other nodes have to be acquired via official exchanges or direct trade. We will not list the coin in the first 30 days after launch.

Be among the first to get a masternode! -> apply here!

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A Cryptocurrency run by Gentlemen


Be it to enjoy a glass of wine, a cigar amongst friends or bringing your woman to the fine dining place, Gentlemen Coin is there to empower you being a true Gentleman.

Gentlemen Coin is a cryptocurrency designed for a global community. Gentlemen Coin uses decentralized governance and a system of democratic financing to generate global impact. Most cryptocurrencies are controlled entirely by a small group of developers and insiders. Instead, Gentlemen Coin flips this model upside-down by transferring democratic power to the whole community. Community members are given a vote through masternode ownership. These votes determine which community proposals pass or fail. Anyone can create a community proposal about anything: a charitable donation, a community event, a direct change to the code base, etc. These proposals are executed and funded by a Foundation (setup at a later stage).

The community is managed on discord -> join here!

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Exchanges


Coin will not be listed for trading on exchanges before a 30 days period.
We will announce any changes and let the community decide which exchanges we target.

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Help us


You believe in our core values and mission? Become a part of the core team and help us to coordinate, manage and improve!
We are currently looking for help with:

- community manager (discord)
- bounty campaign manager
- technical support manager (discord)

Write us a PM on -> Discord

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