It is rather difficult to get excited about any particular new project launching in the world of digital currency, as there are far too many to keep track of these days. When I saw the announcement of a new crypto news source pop up on BitcoinTalk, I was getting slightly intrigued. And my interest grew when I found out they would launch an altcoin with it. Meet KingdomCoin and AltcoinKingdom!
The person behind both sides of this project is none other than ThisWeeksCoin, a name known far and wide in the cryptocurrency scene. With their history of successful altcoin promotions, and a forum stacked with information, they will be able to put all of their previous experiences to good use for the AltcoinKingdom project.
The ThisWeeksCoin project will cease to exist in its current form, and rebranding to AltcoinKingdom will take place in the near future. The TWC forum, which counts over 1,800 registered users, will be wiped clean, and a new forum will take its place. All users will be thanked for their loyal support, which is a nice gesture.
As far as social media goes, the famous @ThisWeeksCoin Twitter account will be used for official AltcoinKingdom business. With their immense list of followers, this Twitter account will push AltcoinKingdom in the right direction from the get go, and bring massive attention to this new project from day one.
More exposure to AltcoinKingdom comes in the form of paying for media coverage. Press releases will be sent out to the world’s most famous news sources, including Bloomberg, Reuters and Yahoo Finance. These expenses will be covered thanks to the KingdomCoin ICO (see below).
Creating a cryptocurrency news site is one thing, but who will be providing the content? From what we can gather, there will be at least three people involved, including CryptoArticles owner & Senior Editor Jdebunt, who will become AltcoinKingdom’s Senior Editor.
I did mention there will be an ICO for KingdomCoin, which is to be held on the C-Cex exchange. More information about the ICO will be announced over the next few days, so make sure to keep an eye on the announcement thread on Bitcoin Talk.
All of the collected ICO funds will be used to pay for various expenses during the first year of operations. Like I said before, those expensive press releases are part of the funds distribution, as well as paying staff, marketing, and various other things.
As far as the technical specifications for KING go, they are as follows :
Algorithm: X13 -(blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo, hamsi, fugue)
Total supply: 2.417.600 KING
Max POW Height: 20160 ( 14 days in total )
Block Time: 60 seconds
PoS Interest: 2.5% per year
Min stake Age: 2.5 hours
ICO pre-mine is 30%, 750000 coins will be up for sale.
Difficulty retargets every block
The first 100 blocks will have a “0 coins” block reward in order to ensure a fair launch.
The very first block will contain the pre-mine, which is sold during the ICO.
Two exchanges have confirmed to list KING so far : C-Cex and EmpoEx.
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