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README.md

GambleCoin Core integration/staging repository

Codacy Badge Build Status GitHub version

GambleCoin is an open source crypto-currency focused on fast private transactions with low transaction fees & environmental footprint. It utilizes a custom Proof of Stake protocol for securing its network and uses an innovative variable seesaw reward mechanism that dynamically balances 90% of its block reward size between masternodes and staking nodes and 10% dedicated for budget proposals. The goal of GambleCoin is to achieve a decentralized sustainable crypto currency with near instant full-time private transactions, fair governance and community intelligence.

  • Anonymized transactions using the Zerocoin Protocol.
  • Fast transactions featuring guaranteed zero confirmation transactions, we call it SwiftX.
  • Decentralized blockchain voting utilizing Masternode technology to form a DAO. The blockchain will distribute monthly treasury funds based on successful proposals submitted by the community and voted on by the DAO.

More information at gamblecoin.org Visit our ANN thread at BitcoinTalk

Coin Specs

AlgoQuark
Block Time90 Seconds
Difficulty RetargetingEvery Block
Max Coin Supply15.600.000 GMCN
Premine5% GMCN*

Reward Distribution

Genesis Block
Block HeightReward AmountNotes
160,000 GMCNInitial Pre-mine, burnt in block 279917

PoW Rewards Breakdown

Block HeightMasternodesMinerBudget
2-4320020% (50 GMCN)80% (200 GMCN)N/A
43201-15120020% (50 GMCN)70% (200 GMCN)10% (25 GMCN)
151201-25920045% (22.5 GMCN)45% (22.5 GMCN)10% (5 GMCN)

PoS Rewards Breakdown

PhaseBlock HeightRewardMasternodes & StakersBudget
Phase 1259201-30239950 GMCN90% (45 GMCN)10% (5 GMCN)
Phase 2302400-34559945 GMCN90% (40.5 GMCN)10% (4.5 GMCN)
Phase 3345600-38879940 GMCN90% (36 GMCN)10% (4 GMCN)
Phase 4388800-43199935 GMCN90% (31.5 GMCN)10% (3.5 GMCN)
Phase 5432000-47519930 GMCN90% (27 GMCN)10% (3 GMCN)
Phase 6475200-51839925 GMCN90% (22.5 GMCN)10% (2.5 GMCN)
Phase 7518400-56159920 GMCN90% (18 GMCN)10% (2 GMCN)
Phase 8561600-60479915 GMCN90% (13.5 GMCN)10% (1.5 GMCN)
Phase 9604800-64799910 GMCN90% (9 GMCN)10% (1 GMCN)
Phase X648000-Infinite5 GMCN90% (4.5 GMCN)10% (0.5 GMCN)