Launched: 7th February, 2015
Coin Specifications:
- Name of Coin : Kobocoin
- Ticker Symbol : KOBO
- Max number of kobocoins : 350,000,000
- Algo: X15/PoW/PoS
- Timings of block (in seconds) : 60
- Coins per Block : 1,000
- Block number when PoW end : 43,200 (ended 25th February, 2015)
- Approx number of coins in circulation after PoW end : 23,500,000
- PoS Reward (currency growth) per year : ~10%
- Max stake age : No max
- Min stake age : 24 hrs
- 50 confirmations required for mined blocks
- 6 confirmations required for transactions
- No IPO, No ICO, No Premine
Exchanges:
- Cryptopia
- CoinExchange
- NovaExchange
- YoBit
Block Explorers:
- CryptoID
- Kobocoin Abe I
- Kobocoin Abe II
KOBO Faucet:
- Kobocoin Faucet
Mobile Wallets - v2.1.2:
- Trade in over 150 supported Global Currencies, including BTC!
- KOBO, MANILLA, and COWRIE denominations built-in, and available
- Micro-Transaction ready
Click here to download the Android wallet from Google Play Store
Click here to download the Android wallet from Amazon App Store
Click here to download the BlackBerryOS wallet from BlackBerry World
Desktop Wallets and Source Code - v2.1.0.3:
- Full Windows Installer
- Unbreakable Private Messaging (address to address using our custom built sidechain)
- Globally dispersed dns seeders ensure a robust network
- Dns seeders hardcoded into all wallets guaranteeing network connections (no need to fight with silly conf files!)
- QR support
*Windows users, please use Firefox to download your wallet*
Click here to download the WINDOWS wallet (full Installer)
Click here to download the WINDOWS wallet binaries/zipfile (no installer)
Click here to download the MAC OSX wallet
Click here to download the LINUX wallet (requires libboost 1.55)
Click here to download the Source Code
Sample kobocoin.conf (for advanced users and hairy masochists):
Code:
daemon=1
server=1
listen=1
rpcallowip=local
rpcallowip=127.0.0.1
rpcuser=yourname
rpcpassword=yourpassword
rpcport=yourchosenport
addnode=144.76.71.141
addnode=184.164.129.202
addnode=188.134.72.213
addnode=188.163.104.108
addnode=188.163.105.160
addnode=212.7.208.116
addnode=217.175.119.125
addnode=222.42.14.4
addnode=222.42.14.42
addnode=24.60.193.40
addnode=31.185.246.115
addnode=73.8.92.80
addnode=80.192.5.209
addnode=82.229.201.131
Blockchain Bootstrap (speed up the initial sync of the blockchain):
Kiklo's Bootstrap.dat & Blockchain Snapshot for Proof of Stake Coins
Information:
Website : http://kobocoin.com (mobile site also available)
Block Explorer : https://chainz.cryptoid.info/kobo/
Github : https://github.com/kobocoin/Kobocoin
Facebook : https://www.facebook.com/profile.php?id=100008756653638
Twitter : https://twitter.com/kobocoindev
Reddit : http://www.reddit.com/r/Kobocoin/
Dev : Felix Ugoji : https://uk.linkedin.com/in/fugoji/ : https://twitter.com/fugoji
This thread is self moderated (no swearing or bad language).
Kobocoin In The News:
29th July, 2015 - Changing Africa Remittance With Kobocoin
15th March, 2016 - Dood Reviews Coinwallet.co Tipbot and POS Pool
Kobocoin - A Use Case for a Mobile Peer-to-Peer African Cryptocurrency
Payments and money transfers using mobile phones is an everyday occurrence on the continent of Africa. The money transfer market alone (money sent back to Africa) is worth $82bn per year. There are already existing services offering money transfer and mobile payment options. It is already possible in Africa to buy goods from your local market using your phone. Western nations are far behind when it comes to person-to-person mobile interactions on the ground. Kobocoin is not entering into a virgin market. We will be fighting to establish kobocoin as a viable alternative to currently existing services.
The vision is that, with kobocoins, people will be able to pay for goods and services, person-to-person, using desktops or mobile wallets and QR codes, or other mobile or online methods, as well as being able to cash out to the local fiat currency (if required). Family abroad will be able to quickly and anonymously transfer money back home, or to each other, worldwide. Using kobocoins, they will also be able to purchase goods online as with other cryptocurrencies.
Kobocoin is the solution for the unbanked. There is no requirement to belong to any network provider, or bank, to use kobocoins as is the case with some of the other services. There is no need to register personal details or have a financial or credit history of any kind to use kobocoins. On the ground, all that will be needed is a phone with a kobocoin wallet or multi-wallet that supports kobocoins. There's also the added benefit of the generous rewards for becoming a stakeholder by virtue of using the currency.
We're hoping these benefits will help us gain some traction in the market.
Articles:
1. https://hbr.org/2014/09/mobile-money-is-driving-africas-cashless-future/
2. http://blogs.wsj.com/frontiers/2014/09/03/mobile-money-the-battle-for-africa/
3. http://www.pcworld.com/article/2682772/kenya-takes-lead-in-booming-african-mobile-money-market.html
The Structure and Denominations of Kobocoin
One of the concerns expressed about cryptocurrencies is the way the subdivisions are defined. Some people find them confusing and at first glance it seems hard to grasp. To address this, a scheme has been devised to make the kobocoin subdivisions more recognisable and hopefully easier to read and use.
The kobocoin currency structure comprises of four denominations:
- Kobocoin
- Manilla
- Cowrie
- Mansa
The relationship between the denominations is as follows:
100 Mansa = 1 Cowrie
1000 Cowrie = 1 Manilla
1000 Manilla = 1 Kobocoin
So, for example, if the sum of 17.35924514 kobocoins is transferred to another person (or organization), the sum is broken down as follows:
17.35924514 kobocoins becomes:
17 Kobocoin
359 Manilla
245 Cowrie
14 Mansa
Using the scheme, it breaks down and becomes the digital equivalent of change in your pocket. So, in practice, some goods may trade mainly in kobocoins, some may trade mainly in manilla, other items may trade in cowrie, and if kobocoins ever do gain mainstream acceptance, and the currency grows, then mansas may one day be used. The wishlist for a new wallet includes this breakdown in a user friendly interactive UI.
The names of the denominations were chosen for the following reasons:
Kobocoin
The kobo is the smallest unit of the Nigerian Naira. As the Naira has devalued since the 1970's, the kobo's value has diminished. It is now rarely used on the ground as it's value is negligible. Even so, it still holds an iconic place in Nigeria.
Manilla
A medium of exchange that was prevalent in West Africa. Originally worn around the ankles of West African women to display the wealth of their husbands, this form of West African currency also became known as "slave trade money" after the Europeans started using them to acquire slaves for the slave trade.
Cowrie
A medium of exchange that was once commonly used in West Africa and many parts of the world.
Mansa
The smallest unit of the kobocoin currency supported by the blockchain. Named in homage to the illustrious Mansa Musa http://en.wikipedia.org/wiki/Musa_I_of_Mali
The expectation is that manilla, cowrie, and mansa will not be used in the early stages of the currency's growth as the value of 1 kobocoin will probably be sufficiently low that these subdivisions will not have any real value or meaning. If, in the future, kobocoin does gain acceptance and grow, then these subdivisions will become useful.
Next steps
The first thing I have to point out is that I am not a technical dev. I did not write the code for kobocoin. I did however build the Abe Explorer, Android and Blackberry wallets and Javascript Libraries. I am a Technical Consultant by profession with over 20 years experience. I can code, but not to the level of proficiency needed to be one the industries true hero crypto dev (so I'm afraid there's no technological advancements bundled with kobocoin). I'm a community member with a vision of usage and I've paid to have certain things done properly. I'm still learning the finer details of the technology and I'm sure this will be a steep learning curve.
Social media, traditional media, and other means will be used (social media is already being used) to raise awareness of kobocoin, the Kobocoin blockchain, and the benefits of it as a peer to peer platform.
We have already started working to partner with complementary technology providers (e.g. multi-wallets, POS providers) to gain visibility and make headway in the sector. We'll also be knocking on the door of existing services to make purchasing, using, and redeeming kobocoins as easy as possible.
We're very aware of the regulatory hurdles we're about to encounter. We won't be the first people to encounter these hurdles and we're ready to seek advice, learn the ropes, and do what it takes to keep moving forward.
Bounties
All bounties will be listed on the kobocoin website under the 'Tech' tab. Bounties will be paid in a dollar amount of BTC, LTC or DOGE. If there is an available bounty, please contact us direct on [email protected] or [email protected].
If a member develops something that is not on the bounties list, that takes the community forward, we will do our best to make sure that member is rewarded. We will try and make sure that no effort goes unrewarded.
Mission Statement
The altcoin boom is sometimes berated because of the feral nature of the industry at this stage in it's development. We believe that the boom has accelerated progress in the industry far beyond the expectations of even the most militant of critics. A new digital landscape is emerging, but beyond the currencies lies the untapped possibilities of the blockchain itself. This is where we believe the real revolution will take place.
We hope to be a part of the coming revolution, and also to offer bespoke services and solutions to the people of West Africa (and the entire continent) based on the emerging blockchain technologies.
Please visit kobocoin.com to see how we've positioned the brand.
tl;dr
?New coin. African.