Topic: [PRE-ANN] @FlashCoin | X13 POW/POS | 12 Hours Mining | IPO 2%

[devnullius]

I already like this coin without even have read a single bit about it... 

Why? Because I know the developers from other coins I like...

SO! When asked to announce this one... I was on board before any bounty was even promised.

I do am curious what the 12 hour mining entails... I should read them small letters after all 

Devvie

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FROM: https://bitcointalk.org/index.php?topic=635403.msg7080388#msg7080388

Flashcoin was designed to address vulnerabilities that could occur in a pure proof-of-work system and the effect of Multi-pools on prolong mining period. Additional coins created in Proof-of-work mining increased the inflation rate of crypto currencies which affects the price stability. Flashcoin will have a steady inflation of 10 % per year and all initial coins will be mined within the first 12 hours.


FlashCoin Distribution: 12 hours Mining and IPO
Distribution: PoW/PoS
Algorithm: x13
Total coins: 12,000,000
Block Reward:
0-250 Block : zero
250-970 Block: 16,333 FLASH
Block Time: 60 Seconds
Confirmation: 6 blocks
Annual interest: 10%
50 minted block confirmations

IPO
We understand that not everyone will have the chance to mine Flashcoin and IPO is needed to set the base exchange rate and help with the development fund needed for future flashcoin projects.
The IPO will run for 12 days only. The IPO will distribute the 2% of all coins to early stakeholders. This is a total of 240,000 FLASH that will be distributed.

IPO Fund will be used for
Heavy PR coverage
Online wallet, Anonymity development
Price Stability Fund

Investments Options:
Escrow: escrow.ms
Private: contact us
Minimum: 0.1BTC

Spreadsheet:
https://docs.google.com/spreadsheets/d/1MGWGAvtNGcDRI8ztLJJjWPZIK4bbX1368-MFUiJ3ywE

IPO ends: 13/ June/ 2014
Coin Launch: Sat Jun 14 2014 9:00::00 AM (GMT -11:00)

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Resources



http://www.flashcoin.info