Hello,
This post is just to serve as a very early pre-announcement for the release of 'Dwoin' a new cryptocurrency.
Information is mostly provisional and subject to change.
UsecaseI intend to integrate Dwoin into the microblogging social network I am currently coding:
dwable.com.
You can follow the progress with Dwable here:
https://bitcointalk.org/index.php?topic=1559681.60.
I have many ideas of what I would like to do with Dwoin including, hopefully, integrating it into other innovative platforms down the line.
However I would stress this is still nothing but a fun side-project at this time.
InceptionAfter a-lot of brainstorming and domain searching I came up with the name 'Dwoin'.
Dwoin is a combination of the recognisable 'Dw' from 'Dwable' and 'oin' from 'Coin'.
I was initially leaning to something completely separate from Dwable but Dwoin started to grow on me and fortunately the .com TLD was available to boot.
SpecsSpecifications are still being decided.
There is an option right now where I will keep a very high % of all coins in existence. This would be to incentivise future projects in a way similar to XRP.
I also like the idea of having fixed supply although it does bring some challenges with it.
PoS is preferable over PoW.
I'm likely to outsource the creation of the coin to a reputable dev or service.
DistributionThere will be no ICO in the traditional sense. It is intended that most of any necessary finance and time will be provided by myself.
The initial publicly available supply will be released for free accross a number of different channels. Notably: Bitcointalk, Social Media & Dwable itself. The economic model for earning Dwoins on Dwable is still being decided on.
Additional supply may be sold into market or otc at anytime for any reason. However I intend to only sell in order to cover costs and for any reasonable profits. When preferable and/or possible trades can be made public before or after execution for transparency.
ExtrasThe language used might be a bit more blunt and carefully worded than in other ANN's this is because I want to ensure people understand the circumstances involved and for any potential legal reasons.
Website:
dwoin.com (being built).
The logo is currently still being designed.
Working WithMore coming soon..
Graphics