iQCash introduces a new way to mine cryptocurrency - by solving iQ Puzzles.
ABOUT
From the Whitepaper, http://iqcash.net/whitepaper/, iQCash "...has four primary goals:
- Serve as a highly accessible, exciting and fun entry point for newcomers into the word of cryptos;
- Become a new pathway to guided self-education for those with few other options;
- Enable a new means for individuals who are physically and/or socio-economically disadvantaged to earn their way out of the economic traps in which they find themselves; and
- Ultimately, create and encourage a new focus on and new incentives towards solving long sought mathematical, conceptual and scientific problems."
These four goals will be incentivized through a simple challenge/reward system: Solve an iQ puzzle => earn one iQCash.
Over 21 rounds, millions of iQ puzzles will be presented to users, gradually increasing in complexity as the rounds progress. At the same time, the number of puzzles available will gradually reduce.
Starting with 8 million easy puzzles, ultimately, in round 21, there will be just a single mega-puzzle (that actually may never be solved.)
TOKENS
iQCash is hosted on the Waves platform and set at a fixed total of 21021021 tokens.
16016016 of those will be awarded to users who solve iQ puzzles.
The remaining 5005005 will be sold or used directly to pay for:
- the transaction fees required to transfer the rewards;
- system development costs;
- development and management of the increasingly complex puzzles; and
- marketing.
PRE-SALE
Of that 5005005, 1001001 iQCash are being offered as a pre-sale on the Waves distributed exchange (DEX). (Instructions on how to set up a Waves wallet or use the friendly, web-based lite-client can be found here: http://iqcash.net/create-your-waves-wallet/)
A number of sell walls for the trading pair Waves/iQCash have been placed of increasing value - so early purchasers have the opportunity to recover investment if there's sufficient interest.
When searching for the iQCash/Waves pair on the Waves DEX, it's important to double-check the asset ID of iQCash which is: 2fiCMUZgBZHs7DtwjyTET8gyToNNX1X5r8zUaouqoztQ.
The pre-sale period ends at the end of November and Puzzle Round No.1 begins December 1st 2017!
SUMMARY
Please visit http://iqcash.net/ to see what it's all about. Everything about iQCash is designed to maximize user-friendliness, because we want to reach out to people who would otherwise find it difficult to negotiate the world of cryptocurrencies.
iQCash has high ideals, and checks all the boxes in terms of maximizing price returns (limited supply, increasing difficulty and declining release amounts) but above all, it's just fun.