Topic: [ANN] ScholarshipCoin - Future stablecoin - No Premine - PoW - Scrypt algorithm - page 2. (Read 1011 times)

We add ScholarshipCoin to our pool !
The stratum address is :


We wish you a joyful mining with us.
No registration is required, we do payouts in the currency you mine. Use your wallet address as the username.
 
Payouts are made automatically every hour for all balances above 0.001, or 0.0001 on Sunday.
Blocks are distributed proportionally among valid submitted shares.

http://rxrat.com

Hi, the team is looking for the coin's first exchanges. It will be very soon! Stay tuned about announcements here, in discord and twitter

DEV exchange for the coin

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Please upgrade your wallet to the v1.0.1 version to secure the chain!

https://github.com/scholarshipcoin/scholarshipcoin/releases/tag/v1.0.1



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Both Yiimp and Nomp mining pools will restart their wallet for a maximal time of 1 minute.

This will happen tomorrow Sunday the 21th February at 12:00 P.M EDT

Please add a safety pool as second choice for your miners just in case

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Thank you!

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This project has 2 parts. The main coin SCHO and the stable coin which will be a stable coin pegged 1:1 with the USD.

The main coin is completely decentralized while the stable coin will be managed by the Fondation.

Basically, there are two coins involved in this project.
1. Main coin (mineable) supply at 20 million.
2. Stable coin. Supply managed by the foundation's reward system.

The SCHOUSD (1:1 USD) has not been developed yet. It will be a stable coin managed by the Foundation's  reward system.

The SCHOUSD will be backed (insured) by the total number of the main coin held in the Foundation's treasury.

Example: if there are 100 SCHO (main coins) in the Foundation 's Treasury and one SCHO is valued at 2$ USD, this means the total supply of stable coin SCHOUSD minted will be 200. (This 100% ratio is just an example. It will probably be 80%)

Now as the price of SCHO will fluctuate, the algorithm behind the stable coin SCHOUSD will either mint new coins or burn coins to maintain the supply at a stable level to maintain a price of 1:1 with the USD.

The Foundation is mining the main coin and will also, in a near future purchase lumps of the main coin on a monthly basis to gradually build its treasury until it reaches 10 million SCHO.

The development of the stable coin will only begin once the SEC approves it.

As the main coin SCHO gains value with time, the value of the treasury will also increase, allowing the Foundation to increase its supply of stable coin over time, also allowing a sustainable  reward model for the Scholarship System.

Hope this is clear.

What is your financing plan to effectively make education accessible to all throughout the world?

No premine, no ICO ?