***Stipendium/StipenX***
1.0 Introduction
Dear Bitcointalk community,
Since the advent of blockchain technology and its disruptive effect hit virtually every world, including global finance, there has been a need to put an end to the notoriously vague and abysmal trends in the payment remittance niche of the industry. This reality arises from the fact that the world is evolving with new and emerging technologies. As such financial transactions and payment remittances must not be left to wallow in the backwardness, it is still stuck in.
High transaction fees, slow payment remittance, cross-border payment inefficiencies, value lost in money translation, and many others are some of the numerous problems affecting the current payment gateways. This calls for an urgent and immediate solution that will ensure seamless P2P exchange of funds by leveraging the countless opportunities offered by blockchain technology and bring an end to the years of untold woes that have blemished the industry.
With this in mind, STIPENDIUM was created as a blockchain-based payment remittance gateway that solves real-world payment problems and provides simple, effective, and secure payment solutions across borders.
This solution is unique but straightforward; we are set to permanently address the numerous problems earlier mentioned using blockchain technology to facilitate a contactless payment that is safe, fast, highly secure, and accessible with a very low transaction fee.
That is not all; we also have a Blockchain-powered currency that is the native currency of the Stipendium community with which transactions will be carried out between users.
The Blockchain was ranked one of the top 5 emerging technologies in 2019 by the World Economic Forum, and it is speculated to hold 10% of worldwide gross domestic product (GDP) by 2025. Currently, it has already surpassed $1 billion in global investments. It has also been forecasted that every entity in the finance sector will be affected by it.
Since many individuals outside of the cryptocurrency industry generally don't know how to utilize Blockchain, Stipendium has come up with an application that they can use as a mobile/web account to carry out transactions by simply scanning bar codes.
Extensive research of the remittance and financial industry has revealed that as many as 2.5 billion people across the world do not have access to financial services. This shows that it is time for a solution from industry experts.
This whitepaper is written to give the Stipendium users a deep insight and understanding of the network and product line built by the company.
1.2 Financial Inclusion
Changes and innovations in technology, especially the use of smartphones, have been driving financial access and inclusion. Smartphones and other devices with internet access have brought financial services to individuals instead of requiring an individual to travel long distances to traditional financial institutions. However, there is still a significant gap in financial inclusion worldwide. Stipendium will focus on extending financial access to everyone.
The implementation of the Stipendium ecosystem unifies the internal and external operating system with our customer-centric approach to providing a seamless experience to our users. The Stipendium ecosystem is designed to deploy a futuristic financial service platform regarding an omnichannel and cross-functional customer journey.
Coin Specs:
• Source branch - 0.14
• Algorithm - X11
• Block type - Proof-of-Work
• Coin name - Stipendium
• Coin abbreviation - STP
• Address letter - S
• Address letter testnet - U
• Coin unit - Stipend
• RPC port - 17201
• P2P port - 17202
• Block reward - 140 coins
• Block halving - 3750000 blocks
• Coin supply - 1550000000 coins
• Pre-mine amount - 500000000 coins
• Master node reward - 50%
• Master node amount - 20000 coins
• Master node confirmations - 15
• Coinbase maturity - 20 (+1 default confirmation) blocks
• Target spacing - 1 minutes
• Target timespan - 5 minutes
• Transaction confirmations - 6 blocks
• Last block with reward - 132000000
• Time until last block - 242 years, 5 months, 1 days, 16 hours
We want to give everyone the opportunity to mine coins. Giving everyone ample time and opportunity during the early stages as well as creating a tiered pool for processing power, we hope this will create a fair environment for everyone to mine and earn some Sipendium. (roughly 100,000 Telegram members)
Pre-mine is to pay developer and listing fees as follows
40% Developer fees, 20% Listing fees (Blockchain and Retail listing fees), 20% for our exchange StipenX.
Pre-mine will only be put on sale after the coin is launched fully.
No pre-sales shall occur.
If there is enough intrest and demand for us to run an ICO then we will run one, as we will follow the community.
We will be keeping the Stipendium ANN as updated as possible, we will be posting all our job vacancies on our website.
Bounties:
**DM an Admin in Telegram for bounty payments**
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Exchanges:
First Exchange:
20,000 STP CLAIMED(
https://bitsails.com/market?MarketName=BTC-STP )
Second Exchange: 15,000 STP
Third Exchange: 10,000 STP
Dedicated Explorer: 5000 STP
Telegram Bot: 10000 STP
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Mining Pools:
First Mining Pool: 5,000 STP
Second Mining Pool: 4,000 STP
Third Mining Pool: 2,000 STP
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Translations:
250 STP per language
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Official Links:
Website URL:
https://stipendium.co (constantly updated)
Whitepaper:
https://documentcloud.adobe.com/link/track?uri=urn:aaid:scds:US:d4075b04-5819-4121-bb88-95cc08597ef3Github URL:
https://github.com/finteklabs/StipendiumCommunity:
https://community.stipendium.co/Mining Pool:
http://mining.stipendium.co/ Wallets:
https://stipendium.co/#WALLET Block Explorer:
https://explorer.stipendium.co/Exchange:
https://www.stipenx.com/IOS App:
https://apps.apple.com/us/app/id1516614606Android App:
https://play.google.com/store/apps/details?id=com.stipenx.walletGet Social with us:
Telegram:
https://t.me/Stipendium_Official (97,000 members)
Twitter:
https://twitter.com/StipendiumCoinFacebook:
https://www.facebook.com/StipendiumCoinLinkedin:
https://www.linkedin.com/company/fintek-labs-limitedThank you for checking out Stipendium, we look forward to seeing you soon.
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