What is New808coin(N808)?
New808coin is a decentralized, peer-to-peer cryptocurrency with a primary focus on energy-efficiency and music. The New808coin Network makes use of only Proof-of-Stake mining, in the form of masternodes and staking. This means that the New808coin blockchain has a very low impact on the environment and ensures that scaling will be a smooth transition in future.
New808coin uses a combination of Masternodes with PoS (Proof of stake) to secure the cryptocurrency network.
The first consecutive blocks contain premine; and additionally the coins allocated for the user coin swap, destined for holders of the old PoW/PoS 808coin. Masternode Collateral is changing with block height and the minimum stake age has been set to 80.8 hours.
Briefly New808coin Specification
| Coin Name | New808coin |
| Coin Ticker | N808 |
| Consensus mechanism | Masternode/PoS |
| Masternode Collateral | 2,500-100,000 N808 |
| Block reward | 4-100 N808 |
| Masternode reward | 85%-90% |
| PoS reward | 10%-15% |
| Minimum Stake Age | 80.8 hours |
| Block spacing | 4 minutes |
| Difficulty Retargeting | Every 80 minutes |
| Premine | 2,100,000 (2,1 million) N808 |
| Total supply | 21,000,000 (21 million) N808 |
| RPC Port | 8089 |
| P2P/MN port | 33808 |
Reward Distribution Structure
| Genesis Block | |||
|---|---|---|---|
| Block Height | Reward Amount | ||
| 1 | 2,100,000 N808 | ||
| PoW Phase | |||
|---|---|---|---|
| Block Height | Reward Amount | ||
| 2-808 | 808 N808 | ||
| Masternode/PoS Rewards Breakdown | |||||
|---|---|---|---|---|---|
| Phase | Collateral | Block Height | Total Reward | Masternodes | PoS |
| Phase 1 | 2,500 N808 | 809-42,000 | 42 N808 | 85% (35.7 N808) | 15% (6.30 N808) |
| Phase 2 | 2,500 N808 | 42,001-100,000 | 40 N808 | 85% (34.00 N808) | 15% (6.00 N808) |
| Phase 3 | 2,500 N808 | 100,001-130,000 | 33 N808 | 85% (28.05 N808) | 15% (4.95 N808) |
| Phase 4 | 5,000 N808 | 130,001-140,000 | 4 N808 | 85% (3.40 N808) | 15% (0.60 N808) |
| Phase 5 | 10,000 N808 | 140,001-155,000 | 8 N808 | 86% (6.88 N808) | 14% (1.12 N808) |
| Phase 6 | 25,000 N808 | 155,001-400,000 | 16 N808 | 87% (13.92 N808) | 13% (2.08 N808) |
| Phase 7 | 25,000 N808 | 400,001-500,000 | 32 N808 | 88% (28.16 N808) | 12% (3.84 N808) |
| Phase 8 | 25,000 N808 | 500,001- ∞ | 64 N808 | 89% (56.96 N808) | 11% (7.04 N808) |
| Superblock Algorithm | |||
|---|---|---|---|
| Condition | If block height is divided to 808 the reward will 808 New808coin | ||
| At Block Height: 808 | Total reward: 808 N808 | ||
| At Block Height: 1616 | Total reward: 808 N808 | ||
| At Block Height: 2424 | Total reward: 808 N808 | ||
| --//-- | --//-- | ||
Links
- Webside: https://new808.tk
- Discord: https://discord.gg/qvPTgdW
- Explorer-1: http://n808explorer.tk/
- Explorer-2: https://openchains.info/coin/n808
- Explorer-3: http://simpleexplorer.info/coin/new-808-coin
- Wallets: https://github.com/didarmetu/New808coin/releases
- White Paper: https://new808.tk/white-paper
- GitHub Source: https://github.com/didarmetu/New808coin
- Bitcointalk: https://bitcointalk.org/index.php?topic=5237615
- Twitter: https://twitter.com/new808coin
- Telegram: https://t.me/new808coin
- Reddit: https://www.reddit.com/r/New808coin
- Exchange: https://fiberchange.com
- For phones: https://blockfolio.com/#get-app
- Coinpaprika: https://coinpaprika.com/coin/n808-new808coin
- Coingecko: https://www.coingecko.com/en/coins/new808coin