CIGA 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 CIGA is to achieve a decentralized sustainable crypto currency with near instant full-time private transactions, fair governance and community intelligence. Features:
- 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 cigacoin.net Visit our ANN thread at BitcoinTalk
Coin Specifications
Algorithm: X11
Name: Cigacoin
Alias: Cigarette Coin
Short: CIGA
Total coin: 8.880.000
Difficulty Retargeting: each block (Dark Gravity Wave v3)
Block time: 600 seconds
POS Min age: 1 hours
POS Max age: unlimited
Confirmations: 6
Maturity: 100
InstantX: SwiftTX Eligibility
1 confirm for locking and 6 confirm to spend.
Masternode Collateral: 888 CIGA
Masternode Collateral held for 5 Confirmations.
POW end: 500 block
PoW Rewards :
[blocks 1] 22760 CIGA *Premine block [blocks 2-500] 10 CIGA (*Premine block, 5000 coin for bounties[2000 coin:explorer,3000 coin: invite campaigns], 17760 coin for 20 MN)
PoS Rewards :
PoS Phase 1: [blocks 501-325000] masternodes running 1 - 10 : 10 CIGA( 60% staker and 40% masternode ) 1 CIGA available to budget system masternodes running 11 - 20 : 10 CIGA( 50% staker and 50% masternode ) 1 CIGA available to budget system masternodes running 21 - 30 : 10 CIGA( 40% staker and 60% masternode ) 1 CIGA available to budget system masternodes running 31 - 40 : 10 CIGA( 35% staker and 65% masternode ) 1 CIGA available to budget system masternodes running 41 - 50 : 10 CIGA( 30% staker and 70% masternode ) 1 CIGA available to budget system masternodes running 51 - 60 : 10 CIGA( 25% staker and 75% masternode ) 1 CIGA available to budget system masternodes running 61 - 70 : 10 CIGA( 20% staker and 80% masternode ) 1 CIGA available to budget system masternodes running 71 - 80 : 10 CIGA( 15% staker and 85% masternode ) 1 CIGA available to budget system masternodes running 81 - 90 : 10 CIGA( 10% staker and 90% masternode ) 1 CIGA available to budget system masternodes running 91 - 100 : 10 CIGA( 5% staker and 95% masternode ) 1 CIGA available to budget system
PoS Phase 2: [blocks 325000-Infinite] masternodes running 1 - 100 : 10 CIGA( 60% staker and 40% masternode ) 1 CIGA available to budget system masternodes running 101 - 200 : 10 CIGA( 50% staker and 50% masternode ) 1 CIGA available to budget system masternodes running 201 - 300 : 10 CIGA( 40% staker and 60% masternode ) 1 CIGA available to budget system masternodes running 301 - 400 : 10 CIGA( 35% staker and 65% masternode ) 1 CIGA available to budget system masternodes running 401 - 500 : 10 CIGA( 30% staker and 70% masternode ) 1 CIGA available to budget system masternodes running 501 - 600 : 10 CIGA( 25% staker and 75% masternode ) 1 CIGA available to budget system masternodes running 601 - 700 : 10 CIGA( 20% staker and 80% masternode ) 1 CIGA available to budget system masternodes running 701 - 800 : 10 CIGA( 15% staker and 85% masternode ) 1 CIGA available to budget system masternodes running 801 - 900 : 10 CIGA( 10% staker and 90% masternode ) 1 CIGA available to budget system masternodes running 901 - 1000 : 10 CIGA( 5% staker and 95% masternode ) 1 CIGA available to budget system
Max Coin Supply from PoS-Infinite
P2P port: 38888
RPC port: 37888
privacy module:ZEROCOIN
Autobackup wallet