Topic: LFTC Coin launch on 19 December 2014 - page 22. (Read 59539 times)

Thanks

without premine coins it never gone work. We gone use the premine coins for loans and IPO bounties etc

Hossain van Tielen

Interesting 50% premined. (in most cases bad choice)

Hope that you will get attention you need for this.

Good luck

1. interesting...

[LFTC Coin  launch on 19 December 2014 20.00 hour GMT (+1)

LFTC Coin is also a concept of cryptographic money. Simply put: LFTC coin is a form of bullion (electronic money). LFTC Coin, abbreviated LFTC, be stored on a personal computer in the form of a wallet.
 This wallet (purse) is particularly interesting for you! The LFTC herein are not only for you to keep the coins stored but also it gives guaranteed interest! Imagine: every time you turn on your computer the wallet is credited!
 You can also use the same wallet to transfer money to third parties. One of the ways of valuation of your wallet is that Bitcoins and LFTC coins increase in value (or decrease) in the crypto-currency exchanges.

LFTC Coin


Because the experience in the finance world (advising and selling) we introduced LFTC Coin on the market. Standard it is a loan coin. Means people can loan the coin from us. If the price is acceptable they can sell it on the exchange for other currency. After the exchange they can transfer the funds to there bank account.

The funds can be used for example to pay back your old loans. This will decrease there monthly expenses. But they can also use the loan to solve there mortgage. The average LFTC Loan interest rate is 12%. For the loan they must have a steady income. All income data are submitted by our credit rating controllers. We ask the clients to guarantee for repayments.

There is always a possibility that clients can’t repay the loan. Because of this.
We give them 25 % bonus (extra coins). We try to create a backup for them.

The Investor.
If a investor is investing his capital for loans he have not a guarantees that the loan taker repays the loan. There is always a possibilities or situation that the repayment is difficult. With this system the investor has a back up in LFTC Coin. Any time he can exchange his LFTC on the crypto currency stock exchange. The invested euro’s are again in his pocket.

What happened?
The investor buys direct from us the LFTC Coin.
We deposit the EURO/USD on the crypto currency stock exchange.
The Customer takes a loan of LFTC Coin.
The customer sells his 75% of the LFTC Coins on the crypto currency stock exchange.
After the exchange they can transfer the funds to there bank account.

Wallet interest
The buyer of LFTC Coins keeps the coins in the wallet (Loan Taker 25% and investor). If the wallet stay open for 24 hours then he will automatically receive extra coins. This is 8% of your overall assets (POS – Proof On Stake.). The interest rate is annually.





There is total 30 Billion LFTC Coins available.
The first 20 Billion LFTC is coming on the market.
10 Billion LFTC what is left, is used for Proof on Stake (POS).

15 Billion LFTC are premined coins.

5 Billion LFTC are for miners.
5 Billion LFTC are used for IPO and Bounties.

The 10 billion premined LFTC is used for outstanding loans. Private loan and company/business loans. For example, a person wants a loan of 15.000 USD. The 15.000 USD is being used for investment in his company. after checking his ability and signing of the loan contract, we transfer LFTC Coins to his wallet. The client transfer the LFTC’s to the stock exchange and selling his LFTC’s for EURO/USD. After this he transfer the money to his specified bank account. The loan being paid back in 5/8 years. The interest rate is 12% per year. So redemption is 280 USD per month including 12% interest (15000 * 1.12 / 60 months = 280).

IPO 4 Billion LFTC’s
Simple IPO calculation we don’t like difficulties.
every LFTC starting price before launch = 0.00000100 BTC (10.000 LFTC = 0.01 BTC)

Bonus LFTC’s
1 – 100 IPO’s receive is 20 * LFTC’s
101 – 200 IPO’s receive is 10 * LFTC’s
201++ IPO’s receive is 5 * LFTC’s + bonus 10.000 LFTC’s

The Leftover LFTC’s is gone used for LFTC Loans.

The IPO Bitcoins we gone used for outstanding loans. This means we gone buy back the LFTC’s on the exchange.

1 Billion LFTC’s we gone use for bounties/salary and marketing suppose like local ads(newspaper and Google ads).

Specifications Algorithm: X11 POW+ POS

Total coins: 30,000,000,000 (30 Billion)
Proof of Stake Reward: 8% per year
Block Time: 30 seconds
Block Rewards
Block: 1.000 LFTC’s
Coin Maturity: 30 blocks
Min Coin Age: 24 hours
Coin Age Maturity: 10 days
Min Tx Fee: 0.00000001 LFTC
Premine: 50% (15,000,000,000)
Maximum LFTC Coin available 20,000,000 till POS Include premine
After Block 249.013 only Proof on Stake (POS)
POS INFORMATION Proof of Stake Reward: 8% per year.

Block rewards:

First 20 blocks premine coins

Block 11 – 50 = 76 prepare blocks setup miners
Block 51 – 250 = 112 prepare blocks setup miners
Block 251 – 500 = 15.000
Block 501 – 5.000 = 21.500
Block 5.001 = 55.450 bonus block
Block 5.002 – 10.000 = 15.000
Block 10.001 – 11.000 = 19.998
Block 11.001 = 50.500 bonus block
Block 11.002 – 50.000 = 22.350
Block 50.001 – 55.270 = 12.000
Block 55.271 = 100.000 bonus block
Block 55.272 – 75.000 = 12.550
Block 75.001 – 94.955 = 22.780
Block 94.956 = 78.000 bonus block
Block 94957 – 100.000 = 23.000
Block 100.001 – 125.000 = 35.000
Block 125.001 = 125.001 bonus block
Block 125.002 – 150.000 = 15.030
Block 150.001 = 85.000 bonus block
Block 150.002 – 175.000 = 29.980
Block 170.001 – 200.000 = 16.000
Block 200.001 = 125.000 bonus block
Block 200.002 – 225.000 = 10.800
Block 225.001 – 249.011 = 15.700
Block 249.012 = 610.939 celebration day PoS (bonus block)
LAST POW BLOCK = 249.013 (Coins 1.000)


Proof on Developer
http://proofofdev.com/project/lftc-litefeather/


For more info www.lftccoin.com / www.litefeather.nl twiter : https://twitter.com/lftconsultancy / Facebook : https://www.facebook.com/lftconsultancy











SETUP the system

PLEASE DO THE FOLLOWING:
1. Start up lftccoin-qt.exe, wait for it to load, then exit (close).
2. Put lftccoin..conf in your c:/users/**username**/AppData/Roaming/lftccoin
3. restart lftccoin-qt.exe, and connect, sync.
4. For solo mining, exit. restart lftccoin-qt.exe –-server.
5. Launch cgminer or the mining program you use and begin mining.

cgminer.exe –kernel darkcoin -o localhost:12345 -u **yourusername(walletadres)** -p *password**(without **)

Setup the config.conf
server=1
listen=1
rpcuser=your_user_rpcname
rpcpassword=your_user_rpcpassword
rpcallowip=127.0.0.1
rpcport=24640
addnode=85.214.234.254





Download
Mac. Wallet : www.lftccoin.com/wallets/lftccoinInsMac_v1.0.0.dmg
Windows Wallet : www.lftccoin.com/wallets/lftccoin-win.zip
Linux Wallet : www.lftccoin.com/wallets/lftccoin-linux.zip
Source Code : www.lftccoin.com/wallets/lftccoin-source.zip


LFTC Coin Block Explorer is online
http://lftccoin.com:2750/chain/LFTCcoin