CoinSwap about to start
SWAP IS LIVE IN 2 HOURS : https://novaexchange.com/coinswap/56/
SandG Is about to undergo a coin swap and will become POSInvest [POSIV]
SandG will be swapped at a rate of 10/1 so every 10 SANDG will get you 1 POSIV
Details of new coin:
- PoW/PoS Hybrid
- X11 algorithm
- Total supply ~ 18000000
- BlockTime - 240 sec
- Retarget every 480 sec
- Mined coins set at 30 confirms
- PoS starts at block 2520 (approx 1 week from start)
- PoS reward - 8% yearly
- Min. StakeAge - 8 hours
- Max. StakeAge - 30 days
- Premine for coin swap - 3064800 (coinmarketcap available supply at time of creation)
You will note I have reduced the total coin supply from 21 Mil down to 18 Mil, also addressed was the confirms required for mined coins from 100 down to 30.
POS has been added and Super Mining is a new addition to POW block rewards ( see below ) I have abandoned the SHA256 algo and replaced it with an X11 algo.
PoW rewards and Super Mining
- Block 1 -> 2.880 - 10 POSIV
- Block 2.880 -> 10.000 - 6 POSIV
- Super Mining - 10.001 -> 12.880 - 20 POSIV
- Block 12.881 -> 43.200 - 6 POSIV
- Super Mining - 43.201 -> 46.081 - 25 POSIV
- Block 46.082 -> 146.080 - 6 POSIV
- Super Mining - 146.081 -> 148.960 - 30 POSIV
- Block 148.961 -> 248.960 - 5 POSIV
- Super Mining - 248.961 -> 251.840 - 30 POSIV
- Block 251.841 -> 351.840 - 5 POSIV
- Super Mining - 351.481 -> 354.720 - 30 POSIV
- Block 354.721 -> 500.000 - 5 POSIV
- Super Mining - 500.001 -> 502.880 - 30 POSIV
- Block 502.881 -> 1.000.000 - 5 POSIV
- Super Mining - 1.000.001 -> 1.002.880 - 30 POSIV
- Block 1.002.881 - 4 POSIV
This new coin will adapt the same principle as SANDG but on a grander scale.
Coin swap is expected to begin within 2 weeks, SANDG is still available to mine here www.megahash.co.uk
Comments welcome: