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gollumcoin

GLM

Gollumcoin

Algorithm:

What is Gollumcoin?

Gollumcoin is a new alternative cryptocurrency based on Litecoin. GollumCoin will be linked to an online game. The games backend framework
is in final development stage. Specifications will be released soon.

 

Release date: March 29th, 2014

Specifications

  • algorithm: scrypt
  • 60 seconds blocktime
  • block reward: 50 GLM
  • 17.000.000 GLM to be mined
  • block rewards halfs every month
  • difficulty retargets every 60 Blocks
  • KGW implementation starts after 48h
  • bonus blocks for early adopters (1st 32h)
  • 0.9% premine for bounties, giveaways & marketing
  • after 12 months blockreward = 1 GLM/block = 525600 GLM per year i.p.
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