Please check out the official announcement Bitcointalk thread: https://bitcointalksearch.org/topic/bcx-battlecoin-official-thread-354612
Small description:
There will be a new multipool that defaults to mining the most profitable coin, but for a price (in BCX) anyone will be able to point the hashing power of that pool to any coin of their choice. The miners will have to be compensated for the difference in profit when not mining the most profitable coin. This compensation will come in the form of Battlecoin, the coin needed to cast votes as to what coin will be mined when not mining the most profitable. Cool right?
It's such an awesome idea, I've never been more excited about crypto and it's the reason I'm currently purchasing more hashing power. There will be "war rooms" where people can make plans to cast votes to say: 51% attack scam coins or give coins a chance that should have one. Surly there will be disagreements.
I say let the battles begin.
There is a 1% POS, 10 day/20 to mature for the coin so I'd suggest to mine and hold.
Oh yea, sorry.
Just so excite!