[SPK] Quintessence Neighborhood - Project canceled, reimbursement underway - page 32.

Introducing the Quintessence System, the upcoming decentralized online network of currencies. With a new approach on tokens, this network will function with Spark Token, a multi blockchain token that will simplify and improve the current 2.0 tokens by bringing to the world a system that includes today's important features. All in one single token. Sidechain, Smart Contracts: with Quintessence, it's your choice how you develop your project, now as a developer you will have the option to take the path that suits you best.

We are now in the programming phase of the Spark Token, which we expect will take from 6 to 9 weeks until the first wallet is released and the new blockchain propagated across all new nodes being added daily.

We have created a website which informs you better about this project, and where you can see the latest info:
http://cryptotokensico.com/

More importantly, here is a link towards: our Quintessence Project White Paper

A new token, Spark, will be created to make the Quintessence System turn. One difference with other crowdfunded coins is that the devs don't get any Sparks for free, we have to buy them with CBX just like everybody else. There will be 150 million Sparks (SPK) at launch, with 112.5 million SPK distributed to ICO investors and 37.5 million SPK kept for development and a future ICO. In the first 4 years, which will be the inflationary development phase, the staking yearly reward will be based on a yearly decreasing rate, or 10%, 7%, 4% and 3% thereafter. Keep in mind that with PoSP, your actual gains are usually much higher than the inflation rate. After this however, the money offer will grow at a sustainable 3% for the rest of this token's existence.

The crowdfunding is now closed; the earliest contributors will earn the most Spark tokens once the blockchain is ready. The basis for your CBX contributions is 1 CBX gets around 600 Sparks, once the blockchain is ready. The Spark wallet is being programmed as we speak and we evaluate that we will need 6 to 9 weeks from the end of ICO which was October 10th.

The Crypto Bullion coin, a veteran in the altcoin scene, not only will be useful as the ticket to this crowdfunding ICO, it will also be part of the Quintessence network as the investment counterpart. While Spark (SPK) will be the workhorse, Crypto Bullion was designed as the investor's coin. CBX has a small money supply: there are only 1 million Crypto Bullions in circulation, with a low inflation of 2%. This 2% is awarded to people who are securing the CBX network through CBX's PoSP algorithm, which translates to much higher gains for stakers.

We think that this crowdfunding that requires many CBX could have a positive effect on the value of CBX while it is taking place, and after; this is part of the plan, as we want to build value for the Quintessence System. Depending on how CBX's value evolves, it is possible we could accept as many as 250 000 CBX or more in this program, so we gather the resources necessary to make this project happen.

Here are the places where you can get more information about CBX, and install your personal Vault to your computer:
Bitcointalk CBX thread
Main website is CryptoBullion.io
You can buy CBX to participate to this crowdfunding at:
Cryptopia and Yobit.

Quintessence Russian thread - Spanish Quintessence thread - Quintessence German thread - Indonesian Bahasa thread - Quintessence Dutch thread - Quintessence Italian thread - Hindi Thread for Quintessence - Quintessence Portuguese Thread - Tagalog Thread - Quintessence Malayalam thread

Thank you for reading this information OP; we will post more information regarding this exciting project on a regular basis.
Please feel free to post any questions you might have regarding Quintessence on this thread!

The Quintessence crowdfunding effort is featured in: https://www.ico-list.com/
Earn some easy CBX for posting around in Bitcointalk! Quintessence Signature Campaign

The Quintessence Crowdfunding is now closed. towards 250 000 CBX we received 186825 CBX contributed (updated Oct 11th, 2016).
http://cryptotokensico.com/

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