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Topic: [PRE-ANN]Electronic Yen (EYEN) +X11 +PoS +DigiShield --> 12.6M --> [IPO] Open! - page 2. (Read 6796 times)

newbie
Activity: 14
Merit: 0
https://i.imgur.com/OIvCgoW.png

EYen is a good coin with a good coin design.  A fully functional testnet version of the wallet and daemon were provided to tales from the scrypt for testing their pool.  Eyen is real.

full member
Activity: 140
Merit: 100
antoher shit coin,beware of scams
newbie
Activity: 14
Merit: 0
Another junk coin.
Nope.  There is no other coin out like this.
member
Activity: 112
Merit: 10
newbie
Activity: 14
Merit: 0
Thanks hankrules!  Added your pool info to the main post.
hero member
Activity: 673
Merit: 500

eyen.talesfromthescrypt.org
Join our pool!
PROP Payout
1% Fee
Scary stable server
Support:  [email protected] or use the pool contact form
First 25 people to register get 0% fees for life -- and DEATH
newbie
Activity: 14
Merit: 0
ridiculous shitbox coin that should be terminated with extreme prejudice

marked for termination by operation shitcoin cleanout.
Wow, we won an award already!  Sweet!

BTC thrown at this scam coin will be lost.  "Investors" (chumps/marks) beware.
Baseless accusation and pure trolling.

There is no scam coin here.  There are a thousand other scam coins and coins that have gone to the sub-satoshi level soon after launch.

This is not that type of coin.  This is not wolong's PandaCoin.  Actually reading the original post and the coin specifications would illustrate that fact.

https://i.imgur.com/xzSujgH.png
legendary
Activity: 1246
Merit: 1000
ridiculous shitbox coin that should be terminated with extreme prejudice

marked for termination by operation shitcoin cleanout.
Wow, we won an award already!  Sweet!

BTC thrown at this scam coin will be lost.  "Investors" (chumps/marks) beware.
newbie
Activity: 14
Merit: 0
ridiculous shitbox coin that should be terminated with extreme prejudice

marked for termination by operation shitcoin cleanout.
Wow, we won an award already!  Sweet!
legendary
Activity: 1246
Merit: 1000
ridiculous shitbox coin that should be terminated with extreme prejudice

marked for termination by operation shitcoin cleanout.
newbie
Activity: 14
Merit: 0
What... no 50% premine? No "airdrop"? I smell something fishy here guys Tongue

Glad you chose x11 and digishield... the coin's got an honest vibe I should say  Cool  Looks interesting and I'll be keeping a lookout for this thread for updates and hopefully get in on the mining early Smiley
Thanks!  No airdrop/maildrop/shipdrop/whateverdrop Cheesy
full member
Activity: 140
Merit: 100
We can setup a Block Explorer for a bounty.  PM if interested.
newbie
Activity: 2
Merit: 0
sr. member
Activity: 280
Merit: 250
What... no 50% premine? No "airdrop"? I smell something fishy here guys Tongue

Glad you chose x11 and digishield... the coin's got an honest vibe I should say  Cool  Looks interesting and I'll be keeping a lookout for this thread for updates and hopefully get in on the mining early Smiley
sr. member
Activity: 287
Merit: 250
Self moderated, 180BTC ipo and no escrow? Sure lol.

member
Activity: 100
Merit: 10
No escrow? Dat trust rating.

69.5 BTC


newbie
Activity: 14
Merit: 0
https://i.imgur.com/OIvCgoW.png
Electronic Yen (EYEN)
Launch March 31, 2014 @ 9:00 PM EST

Electronic Yen (EYEN) is a cryptographic currency designed as a long term store of value attractive to traders and everyday users alike.  EYEN brings the best of crypto currency together into one coin with a beautiful Qt wallet.  Unlike other hyper-inflated and over-supplied coins on the market, EYEN has a limited supply of 12.6M coins that ensures long term value.  The population of Japan is approximately 126M people, so we divided it by 10 to arrive at 12.6M coins.


The Electronic Yen Difference

EYEN is designed as an antithesis or counterpoint to the many hyped up and dumped "meme" coins and other coins-of-the-week that have plagued the market in recent times.  With EYEN we have brought together a great complex proof of work algorithm, proof of stake, DigiShield, and a reasonable currency cap.

X11 Proof of Work Algorithm

EYEN uses the X11 hashing algorithm for proof of work.  X11 was originated with DarkCoin and is a combination of 11 hashing functions.  It is primarily CPU minable with GPU miners now available.  It makes an excellent alternative to Scrypt mining and is particularly attractive in light of the upcoming widespread availability of Scrypt ASIC mining units.

DigiShield Difficulty Adjustment Algorithm

EYEN uses the DigiShield algorithm, originated with DigiByte, for difficulty adjustment and protection from multipools and hashrate fluctuation, attempts at strip mining, etc.  We believe DigiShield is a more viable algorithm than the Kimoto Gravity Well, especially in light of recently exposed flaws in KGW.

Proof of Stake

EYEN includes Proof of Stake that pays a 3% annual interest rate on your staked coins.  Proof of Stake achieves both a reward to the user for holding EYEN and a better distribution of power on the transaction network, making a 51% attack much more difficult.

Fair Launch

The first 360 blocks have a block reward of 1 coin, to allow the difficulty to lift and stabilize and prevent instamining.

Block Reward Schedule

Block reward starts at 50 coins and halves every 128,000 blocks (about 1 year).  It will take 5 years for all coins to be mined.

Tech Specs

Maximum Currency Supply:  12.6 Million EYEN + 3%/year PoS interest payments
Block Target Spacing: 240 seconds (4 minutes)
Difficulty Readjustment: Every 1 block
Block Maturity Time:  12 Blocks
Transaction Confirmations: 4

Proof of Stake Minimum Stake Age:  30 days
Proof of Stake Maturity Age: 90 days
Proof of Stake Block Target Spacing: 10 minutes
Proof of Stake Difficulty Retarget: 3 days

P2P Port: 9126
P2P Port (testnet): 19126
RPC Port: 8126
RPC Port (testnet): 18126
PCH Message Start: 0xe5, 0xe9, 0xe3, 0xe8
PCH Message Start (testnet): 0xc0, 0xcd, 0xf3, 0xef

Pubkey Prefix: 78 (starts with Y)
Script Prefix: 5 (starts with 3)
Pubkey Prefix (testnet): 140 (starts with little y)
Script Prefix (testnet): 196 (starts with 2)

IPO

The EYEN IPO runs for one week from March 23, 2014 to March 30, 2014 11:59:59 PM EST.  A total of 1.5%, or 189,000 EYEN are in the IPO pool.  The IPO pool is offered at 0.00095 BTC/EYEN.

The purpose of an IPO is to fund the ongoing development and promotional support of the coin.  In today's market, few will step up to do the heavy lifting behind the true success of a coin.  IPO funding will ensure that firepower can be brought to bear to push EYEN's awareness and momentum.

To invest in the Electronic Yen IPO, simply send Bitcoin to the Electronic Yen IPO address using the procedure outlined below.  As with all investing, investments are final and not refundable.  Investments must be received before 11:59:59 PM EST March 30, 2014. Funds received after this time will be returned to sender, with the possible loss of minimum Bitcoin transaction fees.

Example IPO investment ratios:

Code:
BTC                    EYEN
0.095                  100
0.5                    526.3157895
1                      1052.631579
0.95                   1000
1.9                    2000
2                      2105.263158
10                     10526.31579

IPO Procedure

Send BTC to this address:  BTC 1Er3Dos1gwtikYk6JsajUdq7w5VbhZY67u
https://i.imgur.com/5lhTfcO.png

Then, sign a message from your Bitcoin wallet stating your username, email address, the transaction Id and investment amount and email the message and signature to [email protected].  Message template:
Code:
Bitcoin Address: 1abcdef...
Username: myusername
Email: [email protected]
Transaction Id: 1x35sa8s...
Amount: 2

After launch and release of the wallet, you will then generate your receive address and send another signed message from your Bitcoin client with your transaction id and your EYEN receive address.  We will then distribute your share of the IPO funds to you.

You MUST use the same Bitcoin wallet that YOU control to sign both of the messages.  Do not send funds directly from an exchange.

Bounties

0.5% or 63,000 coins have been reserved for EYEN bounty incentives for pools, exchanges, and promotions.  This is a reasonable amount and is necessary to ensure the proper ongoing support of the ecosystem.

Please visit our website and follow us on Twitter for the latest bounty information.

Website

http://www.electronicyen.com

Social Media

https://twitter.com/ElectronicYen

Block Explorer

tbd

Paper Wallet

tbd

Mining Pools

eyen.talesfromthescrypt.org - PROP - 1% Fee
Support:  [email protected] or use the pool contact form

Exchanges



News, Articles, Press Releases


Wallet Downloads and Source Code

Posted at launch.

Thank you for your interest in Electronic Yen.  The IPO will close at 11:59:59 PM EST on March 30, 2014.
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