What is Guncoin?
Guncoin (GUN) is a newly developed cryptocurrency, similar to Bitcoin and Litecoin, with a nod to gun owners, enthusiasts and sellers needs. It was developed utilizing the Litecoin platform and therefore it is mined with “Scrypt” style GPU mining. This allows almost anybody to be able to mine it. Those that are already set up for mining will have no problem mining Guncoin with their current equipment.
Guncoin was created in a unique fashion that will allow its initial campaign contributors to benefit when Guncoin succeeds. When Guncoin was created, it was determined that a maximum of 500 million coins can ever be mined. A portion of that (10% / 50 million) has been set aside to be given as rewards to the IPCO contributors. Therefore, we are able to offer you digital wallets with blocks of Guncoin when you contribute. It is yours to do with as you wish.Release date: May 1st, 2014
- CRYPTOGRAPHY: Scrypt POW (Proof of Work)
- MAXIMUM COINS: 500,000,000
- PREMINE: 10% (50,000,000) for IPCO Contributors
- BLOCK REWARDS: Only 1 for the first 180 blocks for launch. Adjusted to 200 after block #180
- BLOCK TIME: 2 Minutes
- DIFFICULTY RETARGET: DigiShield implemented at block #30
- REWARDS HALF: Every 500,000 Blocks