Topic: [ANN] [GIV] GiveBackCoin - Giving Back To The Community [2014-05-15] - page 8. (Read 13499 times)

What?
GiveBackCoin is a semi-rare, multi-algorithm coin that aims to give back to the many supporters of the alt-coin community.

When?
Launched May 15, 2014 @ 00:00 GMT

Specifications
Forked from: Myriadcoin
PoW: Scrypt/SHA256D/Qubit/Skein/Groestl
Block Time: 3.75 minutes (about 45 seconds per algorithm)
Total Coins: 7,001,155
Block Rewards: Starting at 10 GIV
Block Halving: Every 1 month, stopping at 1.25 coins/block (4 months). After 7 years, stop generating coins.
Difficulty: Weighted per algorithm, adjusted each block
Premine: 1% (see Premine section below)
P2P Port: 8811
RPC Port: 8911

How it works
Each proof of work algorithm has its own independent difficulty.
Any algorithm can find the next block.
All the algorithms use the same difficulty adjustment method.
On average, each algorithm has the same chance of finding the next block.
Each algorithm aims for a block generation time of 3.75 minutes.
Over the five algorithms, a block should be found on average every 45 seconds.

Premine
A total of 1% of the total supply of coins has been premined (about 70,000). This will be distributed to qualified individuals and organizations in the following way:
Coin Creators (25%) - Any alt-coin development team with at least 1 month on an exchange and with at least a 1000 satoshi value. To be eligible, you must be able to PM us using the original BitcoinTalk forum handle you used to post the ANN thread with.
Pool Operators (25%) - Multi-pools offering payout in the form of one or more alt-coins.
Coin Promoters (bounties) (25%) - Will be divided up as per below.
Coin Team (25%) - The remainder will be distributed amoungst our development team for their effort.
WE ARE OFFERING A HEFTY BOUNTY TO A QUALIFIED WEB APPLICATION DEVELOPER FOR AN IDEA WE HAVE PLANNED. PLEASE PRIVATE MESSAGE US TO APPLY.

Bounties
All bounties share the 25% from the Coin Promoters premine section. They are divided as follows:
30% - Exchanges
30% - Block explorer
30% - Pools
10% - Graphics and Website

Download
GitHub: https://github.com/mfiano/givebackcoin
Source: https://github.com/mfiano/givebackcoin/releases/download/0.1/givebackcoin-src.rar
Windows wallet: https://github.com/mfiano/givebackcoin/releases/download/0.1/givebackcoin-win.rar
Wallet Password: 8!vSq7B[nR8q)p

Pools
axPool (SHA256/Scrypt/Skein/Qubit)
giv.cryptorian.us (SHA256/Scrypt/Skein/Qubit)
520cn (SHA256)

Exchanges
Bittrex

Other
QQ Group ID: 148792960

IRC
#givebackcoin @ freenode

Team
axion (Lead developer)
365coin team (co-developers)