Hello all,
As some of you may have heard, the original DEV of protoncoin left his project....
Well the community wasn't going to just sit by and watch how our coin would fade out.
We did a community vote to become PHASE.
PHASE is a community masternode coin, based on a new algoritm named TRIhash which is currently still in beta.
We will soon be forking from the old protoncoin chain using this new algoritm. The fork height will be at 90.000 blocks.
Everyone will be able to download the new wallet and miner beforehand on the new upcoming website.
Due to the fork, old masternodes of 5k proton won't be accepted by the network anymore and will cease to receive payments. Until then, they will continue working as usual.
PHASE will become a 3-level tiered masternode coin which can be used for fast and anonymous payments.
The new algoritm will provide fair mining and is ASIC resistant.
First level:
Collateral of 10.000PHASE
Will have the known reward of 42,5PHASE.
Second level:
Collateral of 20.000PHASE
Which will give you 2.2 times more chances of being rewarded with 42,5PHASE when a block is mined.
Third level:
Collateral of 30.000PHASE
Which will give you 3.6 times more chances of getting rewarded when a block is mined.
Coin specs:
- fork height: 90.000blocks on proton blockchain
- algo: TRIhash
- block starting reward 50PHASE
- reward reduction: 30% every 90.000 blocks
- masternode reward 85%
- Max supply: 22,5 millions.
- block time: 180seconds
- masternode reward 85%
- 10% founders reward from each block for development and marketing,
so there is no big premine and no selling of masternodes beforehand.
roadmap:
Q3 2018
- Fork to new algo
- New website, logo,...
- New wallets
- Miner
Q3-Q4
- Marketing campaign
- Ability to pay with PHASE on masternode platform
- New wallet interface
Q1-Q2 2019
- DEX platform
And much more!
development is ongoing and a lot of work still needs to be done but we are here to assist you and answer any questions you might have.
If you are interested in helping out, want to know more or joining the community.
We have a new ANN >>
https://bitcointalk.org/index.php?topic=4579271.new#new
Join our discord community ! >>
https://discord.gg/8ynwXby
Or join our telegram group here >>
https://t.me/joinchat/HSPVxQ0g...
Announcements and updates can be followed on discord or telegram here >>
http://T.me/PHASEannouncements
Thanks for reading
PHASE team