Barwizi what is your view of supernet and do you think new nrs might have a place in it? Would it be beneficial to nrs to be part of this?
Well...you caught me. LOL, i already consulted with them and am working on a background project that is being considered for superNet. NRS itself should not be pulled into non NG initiatives so i stepped up the ante on my schedule. The initial idea was good enough for consideration, but i decided to really pull out all the stops. It has elements of previously suggested DACs in it and some new ideas as well, one thing i am hoping to make a permanent feature of all DAS and DACs is the voting function, it will enable compartmentalization of projects so i can keep moving on.
Project X
============================
What Is Project X?
----------------------------
Project X is a Cryptocurrency that uses colored coins to discriminate types of currency.
The proposed implementation is to use 3 types of distinguishable colors whose properties will vary.
Color 1: Ordinary Tokens attained via PoW, they cannot however gain PoS
Color 2: Given out at block 1 to donators, they cannot be produced via PoW but gain 10% PoS which is paid out in color 1 tokens
Color 3: Given out at block 1 , airdropped to participating currencies. Can gain 1% which is paid out in color 1 tokens.
When will Project X be launched?
----------------------------------
Tentative Expected Launch date is 15/11/14, meanwhile, source code tested for building (without the balances for color 2 and 3)
will be available everyday @ 00:00 GMT. This will allow visible progress of the project. Once there is sufficient interest a nightly windows build will also be
made available for download.
Why Project X ?
--------------------------
Project X provides users the unique ability to acquire use, and even trade their currency using different property coins for different purposes.
example -- Keeping your Color 2 coins in your wallet without ever spending them allows them to gain more weight, meaning that your earn more interest on them.
You can then use your gained color 1 coins to perform your everyday purchases or trading on altcoin exchanges.
How to get Tokens
--------------------------
Color 1 token will only be available AFTER launch and can only be attained through mining or purchase from a miner, either on the forums or on an exchange.
Color 2 tokens will only be available BEFORE launch, these will be allocated based on donations made to the mutual fund. Overall Color 2 tokens will
represent 35% of the total money supply.
Color 3 tokens will only be available by holding balances of selected coins, these coins will be announced on the forum threads. On launch day, your balance @ 00:00 GMT will be recorded and allocated on the Project X
blockchain. These will represent 5% of the total money supply.
The specs are in constant shift as i try to make it all functional and less prone to problems and conflicts. One of the biggest issues is the non divisibility of the tokens. Last time someone tried that (Pennies aka CENT) we all know what happened.
