Author

Topic: [ANN][Discovery][SAC][Saving America Coin] (Read 1706 times)

member
Activity: 87
Merit: 10
September 07, 2014, 07:44:21 PM
#4
50 billion coin premine???  Shocked Shocked Shocked
What is the total supply?

From what ive been able to read they estimate 100 billion so it looks like a 50% premine to fund the website itself when people join you get coins etc. when you upvote you get coins, when you post you get coins. 

Block rewards are currently 25,000 coins
legendary
Activity: 1551
Merit: 1002
♠ ♥ ♣ ♦ < ♛♚&#
September 07, 2014, 07:39:02 PM
#2
 50 billion coin premine???  Shocked Shocked Shocked
What is the total supply?
member
Activity: 87
Merit: 10
September 07, 2014, 07:15:05 PM
#1
Found this coin mentioned on reddit thought I would share
This coin doesn't look like it got put on here but has an interesting concept attached to it and has been live for a bit.

Saving America Coin
www.savingamerica.com

About the coin
https://www.savingamerica.com/about-sa-coin
Source code
https://bitbucket.org/savingamerica/sacoin

They also have a desktop wallet client and the coin can be mined

The info I found looks like they did a 50 billion coin premine to fund the websites users for using the website and then the rest can be mined

Looks like its a social media website for the purpose of discussing american politics and initiatives.

From the website:
"We believe that the future of America depends on the joining together of our society in a social and economic way.

We have created the SA coin, a new digital currency designed to reward members for their contribution. The more we contribute to each other through the Saving America platform, the more SA coins are generated.

As millions of Americans come together and participate, vast numbers of coins will be harvested. As the coins grow in real world value the actions of the collective will create an economic opportunity that has staggering potential.

We call this the Economy of US."

No mining pools
No exchanges
No block explorer
yet just a desktop wallet and the social media website.

Share your thoughts just thought I would share this with others


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