General Introduction of Bitconnectcoin
Bitconnect Coin is a secure and energy efficient PoW/PoS coin. Bitconnect Coin uses a faster PoW distribution mechanism to distribute the initial coins, then after few days the coin is basically transferred to a pure PoS coin, where the generation of the coin is mainly through the PoS interests.
Bitconnect Coin Specification
Maximum 28 million BitConnect coin will ever exist to the community.
bitconnect coin adopt a variable PoS rate that will be given periodically payout as per following list,
- 1st 6 months -> 60% (10% per month)
- 2nd 6 months -> 50% (8% per month)
- 3rd 6 months -> 40% (7% per month)
- 4th 6 months -> 30% (5% per month)
- 5th 6 months -> 20% (3% per month)
- 6th 6 months -> 10% (1.4 per month and ongoing.)
How are they used?
The BitConnect coins are used by bitconnect community members for bitconnect services and to store and invest the wealth in a non-government controlled currency. The BitConnect coins will also be used as payment system on number of BitConnect partner websites.
How are they produced?
BitConnect coin uses a special algorithm called the POW/POS to secure the BitConnect Coin network. The moment you acquire BitConnect Coin it becomes an interest bearing asset with 120% return per year through PoS minting. All you have to do to earn with this method is to hold coins in your Bitconnect-QT wallet. In addition to PoS minting, BitConnect coin can be mined with CPU/GPU and does not need an ASIC miner like Bitcoin does.