SPECIAL ANNOUNCEMENT BY THE WHITECOIN TEAM
The WhiteCoin team is proud to announce The whitecoinpool.com Competition. We believe this ongoing contest is guaranteed to further set WhiteCoin apart from the pack.
The Concept
The Proof of Stake coin has a bright future, but no cryptocoin is without its flaws. We believe other coins have made the mistake of leaning towards centralized currency value control. If a coin has only one “official” multipool, the fund managed by said pool then has an immense amount of influence over its coin’s value.
The purpose of a single payout multipool is to guarantee value and volume for a currency, but not to exert control over it. To counter this problem, the WhiteCoin team is developing an official process by which we will be encouraging fair competition from all potential multipools. Whitecoinpool.com will serve as a forwarding address to the best performing pool.
The whitecoinpool.com Competition will be evaluating pools based on:
- Consistency & Level of returns
- Quality of security procedures & features
- Professionalism & quality of work by their leadership team
- Front end & Back end Uptime
We developed this plan together with chunkypools.com, and we’re pleased to tell you they intend to build a whitecoin payout pool once our Proof of Work stage is complete. As a reward for their hard work and innovation, you can consider them our first contest winners.
Ongoing Competition to Encourage Improvement of Services
Whitecoinpool.com will be forwarding to chunkypools.com until we begin rotating the address through our competition entrants, before declaring the next victor. After the next winner is declared, we will re-evaluate again and declare a new winner on a set cycle.
We believe a dev-team’s responsibility is to ensure value in their coin. But WhiteCoin has taken a stand against any possible conflicts of interest in this matter. We want to have many successful multipools. We stand with our pools to encourage their best possible results as partners, not competitors.
Thank you for your ongoing support and interest in Whitecoin,
The WhiteCoin Team
We think this is a major development here at Chunkypools, members of our tradegroup are saying this could set whitecoin apart from blackcoin. With a system like this, there won't be one giant whale dictating prices in the market. Look how afraid everyone is right now of when the large multipools dump. This is a plan to directly address that, and Chunkypools is proud to have been a part of it.
