SocialCoin (SOC) - The first crypto coin that gives a lot back to society! SocialCoin's vision is to be the #1 crypto-currency to be accepted by charities and research facilities.
SocialCoin is a new generation of scrypt coin that is descendant of Litecoin. Like Litecoin it uses scrypt as a proof of work scheme.
SocialCoin starts with 10,000 coins per block and the block value is reduced by a factor of 2 every 50,000 blocks.
Other Specifications: - 120 seconds block target - Difference retargets every ~2.5 blocks - Total coins will be 900 million coins.
Charities and research facilities will be chosen by the community on a monthly basis, receiving a chunk of the charity fund. The charity fund starts with 5% of the total coins value and is open for extra donations from anyone in the community.
Ports: 8915 for wallet and mining, 8946 for RPC
SocialCoin is derived from the Bitcoin project and released under the terms of the MIT license. See COPYING for more information or see http://opensource.org/licenses/MIT.