Topic: [ANN][SGL] Sigil - Decentralized, 0% Fee Crowdfunding - page 67. (Read 42109 times)

Sigil BlockExplorer:

http://Sigil.lchain.cc/

Bounty/Donate: SZ7XmecvC6HoLbvb9FfyDCgSAcMGKZQjgA

We figured that it were necessary, as we do need a source of income once we launch the crowdfunding platform, with the monthly costs to run it and the lack of fees. The number may change if deemed necessary though.

Please tell me high diff port,i get error
Pool difficulty too low (provided=32, minimum=2048)

Yep, we were testing the network extensively. If you look at the total number of coins found, though, it approximates ~5%, as stated in the premine.

A 10% fee for the pool seems a bit too much.

2750 blocks have been mined already

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     Sigil is a new and revolutionary cryptocurrency that embodies the twin ideals of security and efficiency. It incorporates the best features of both Proof of Work and Proof of Stake mining, supports multiple algorithms, and achieves enhanced security through its implementation of advanced checkpointing and retargeting throughout.

     The Sigil team is developing the next generation of crowdfunding technology through the blockchain. Our goal is to provide a more efficient, transparent, and secure crowdfunding platform without taking any fees whatsoever, instead using Sigil to fund the venture. We believe we can empower the individual specifically with this platform, as it will be beneficial for all parties involved. Consumers will be allowed to retain a greater portion of any funds they raise and any transaction intended for them will be ensured through the use of the blockchain.

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     Sigil currently is specified to only have 97,500,000 total coins. Of those, we took a premine of 2.5% to cover managerial and other issues relevant to the growth and development of the coin long-term as we believe to be necessary. Here’s the complete breakdown of the premine allocation:

• 40 % (1,000,000 SGL)    ------------->      Marketing
• 20 % (500,000 SGL)       ------------->      Developers / Founders
• 20 % (500,000 SGL)       ------------->      Bounty Program
• 10 % (250,000 SGL)       ------------->      Research / Development
• 10 % (250,000 SGL)       ------------->      Legal

     As you can see, we put aside 500,000 SGL (20% of the Premine) for an extensive bounty campaign. You can find the breakdown listed below and the complete details in the official Bounty Campaign Guide: www.sigilplatform.com/sigil-bounty.pdf

• Twitter: 20% (100,000 SGL) – Earnings: 10 – 200 SGL weekly - CLOSED

• Reddit: 20% (100,000 SGL) – Earnings: 0 – 1000 SGL per quality post - CLOSED

• Blog/Medium: 20% (100,000 SGL) – Earnings: 0 – 1500 SGL per quality article - CLOSED

• YouTube: 15% (75,000 SGL) – Earnings: 0 – 2000 SGL per quality video - CLOSED

• Translations: 15% (75,000 SGL) – Earnings: 0 – 2000 SGL for a quality thread - CLOSED

• Slack: 5% (25,000 SGL) – Earnings: 25 SGL on account creation/signup - CLOSED

• Giveaways: 5% (25,000 SGL) – Earnings: Varies, depending on the giveaway - CLOSED

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