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Futurecoin

Algorithm:

What is Futurecoin?

Futurecoin is a fundamental change in the design of a typical cryptocurrency. We have adopted a proven model found in many publicly traded corporations across the world in it that our longterm block maturity is designed to simulate the characteristics of graded vesting, such that we would create an environment of miners working to improve the coin and thus the coins value, whilst still stalling the desire to immediately dump. The nature of this model also gives rise to a litany of services that would be central to the coin, such as a strong futures market that would mitigate the risk of all investors and miners that hold the coin, and a new pool design for those that need Futurecoin immediately.

Release date: May 2nd, 2014

Specifications

  • Algorithms: Skein, Groestl, SHA256
  • Block rewards: Starts at 100 kFC (see block schedule below)
  • 3 minute block time, 1 min per algo
  • nDefaultPort = 10900
  • nRPCPort = 10901
  • Proof of Work
IPO: 5 million kFC (5 billion Futurecoin) Block Schedule (halves every year):
  • 1-526,000 blocks - 500 kFC - From 2014-2015
  • 526,000-1,052,000 - 250 kFC - From 2015-2016
  • 1,052,000-1,578,000 - 125 kFC - From 2016-2017
  • 1,578,000-2,104,000 - 67.5 kFC - From 2017-2018
  • 2,104,000-2,630,000 - 33.25 kFC - From 2018-2019
  • 2,630,000-∞ - 16.625 kFC - From 2019-∞
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