Announcing Tradecoin (TDC)I know that there has been a huge flood of copy and paste litecoin (and other) clones recently and that their sole function has been to pump and dump and haven't really been unique in any way. I would not like TradeCoin to be like those other coins and I have endeavoured to do so not so much in the programming, but in the release and real-world use. So here are the specs for my new coin, TradeCoin:
- 147,000,000 total coins (bitcoin times 7)
- 5 second block time
- 147,000,000 block reward, but only for the first block. Every block thereafter has a reward of 0
- scrypt algorithm
- Fist fully mined cryptocurrency in existence
Now please give me a chance to explain myself:
Yes I know that means the first block is the only one that will yield coins and I know that a 5 second block time can have issues. However, please allow me to present the unique aspects and ideas of and behind this coin; please hear me out before posting derogatory comments:
I will be mining all of the coins that will ever exist before I release it. I intend to release it on June 26th at 8:00 AM EST, and this thread is detailing its release. This coin will never really be mined, not like traditional coins are - hence the name TradeCoin. Therefore, the 5 second block time should not pose a problem and it should only serve to make transaction times as minimal as possible (because orphans will not exist). This coin will only be traded, either for free on giveaways, purchased from a coin holder, or purchased on an exchange. I believe this type of release has several advantages, the first of which being that the early adopters do not have some huge advantage and the second of which is that big time miners or botnets do not have an advantage and cannot unjustly acquire coins. In adidition, it does not require a huge, multi-thousand dollar investment in a mining rig to mine coins.
The 147,000,000 coins I currently own will be used in the following manner (provided they still exist due to giveaways as that is a variable amount) (Pease PM when criteria for bounty has been met):
- 56,000,000 for bounties
- 10,000,000 for the first exchange to support it
- 10,000,000 for the second exchange to support it
- 10,000,000 for the third exchange to support it
- 5,000,000 for the first gambling site to support it
- 5,000,000 for the second gambling site to support it
- 1,000,000 for the first faucet site to accept it (paid but could be better. I will pay more for more faucet sites. Gives 1k per person)
- 12,000,000 for the first merchant site to accept it
- 1,000,000 x 3 for three people to mine it (with any computer, just to keep it alive - but you must mine permanently as long as the coin is alive. I will pay 50-100k per month depending on what you will use to mine it and it should equal one million eventually)
- 80,000,000 for giveaways (80,000x1000)
- 11,000,000 for random things and I'd like to make a small profit
Free Tradecoins:If you have any ideas with regards to the release of this coin or if you have a better idea as to how many coins should be involved in giveaways and bounties, please feel free to voice your opinion
I intend to make this release as transparent as possible, so please state any questions/comments/suggestions/ and I will try my best to take them under consideration.
Forumhttp://tradecoin.freeforums.net/ (main - register and receive 3k TDC -
https://bitcointalksearch.org/topic/httptradecoinfreeforumsnet-register-and-receive-3k-tdc-244802)
https://cryptocointalk.com/forum/272-tradecoin-tdc/ (secondary - perhaps for giveaways and such)
Downloads:Windows Client Download:
https://docs.google.com/file/d/0Bxg44Xg62898UkIzbTRpOW9PZGs/edit?usp=sharingSource Code at Github:
https://github.com/tradecoin/tradecoinServices:https://bitcointalksearch.org/topic/tradecoin-exchange-244369 (exchange, actually)
Game Sites that Accept TradeCoin:Ahmedbodiwala.tk/TDChttp://lotto.coinworld.us/TDC/http://altcoin.tk/http://www2.crypto-expert.com/Faucets/tradecoin.phpFor a chance to win 5k every day:
https://bitcointalksearch.org/topic/5000-tradecoin-prize-draw-244313Exchanges that Accept TradeCoin:https://bitcointalksearch.org/topic/tradecoin-exchange-244369This is just a new idea; it could fail miserably or it could succeed and there is only one way to find out
Addnodes are:
105.236.147.148
116.193.172.4
137.117.179.86
125.17.245.78
**Additional bounties- Mac wallet - 100k
- Web wallet - 150k
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