2018-7-23 14:26 |
What Is NONECoin?
NONECoin is a blockchain-based platform that seeks to provide a decentralized cryptocurrency that is built on Trust Contracts and embeds a decision-making system known as the Congress Network. The Trust Contracts are NONECoin's solution to overcoming the issues that addict the non-decidable smart contracts using a much coherent framework that provides secure transaction of the contracts.
NONECoin FeaturesNONECoin's approach will encompass the following features:
Trust ContractsNONECoin seeks to apply a domain-specific language that will enable the average users and allow them to demonstrate secure smart contract implementation by using Owlchain technology.
GovernanceNONECoin operates on a governance system that will have the node operators participate in the creation and voting of proposals that help improve the ecosystem and software.
Application EcosystemAlongside the NONECoin token, NONECoin will release two applications (Stardaq and Delicracy) that will assist in increasing the transactional value of the coin and acquiring new users.
Consensus AlgorithmNONECoin overcomes the issues of consensus protocol by improvising a consensus mechanism that separates the economic incentives from the administrative capabilities. That means NONECoin users' can acquire more consensus power by increasing their nodes to maximize their income.
The NONECoin Blockchain Trust Contracts Network Ecosystem Congress NetworkThe Congress Network is NONECoin's decision-making body that consists of individuals with fully-synchronized node operators.
Commons BudgetThe Commons Budget is NONECoin's account where the tokens are held and transferred through proposals on the Congress Network.
mFBAThe NONECoin consensus protocol applies a modified federated Byzantine agreement (mFBA) algorithm that does not rely on a unanimous agreement by all the network's participants.
Incentive SystemThe Congress Network features a unique incentive mechanism that will enable Congress members to maximize financial rewards in the NONECoin nodes.
NONECoin Benefits Flexible TrustUsers will have the freedom to entrust parties within the transaction process since the mFBA protocol and blockchain play a crucial role in keeping the process much honest.
Asymptotic SecurityThe safety of the NONECoin rests on the use of digital signatures and hashes which offers realistic parameters for advanced computing power.
Decentralized ControlAnyone who participates in NONECoin's ecosystem will experience no central authority, and the user gets to dictate the approvals through a consensus.
Low LatencyIn practice, the NONECoin nodes can reach the agreement at the expected timescales for their payment transactions within a few seconds the most time taken.
NONECoin NCO Token ICO Details Round 1 Dates- July 14 till July 21, 2018 Price rate- 1 NCO= $0.15 Hard cap- 1,000,000 Discount- 35% Round 2 Dates- July 21 till August 4, 2018 Price rate- 1 NCO= $0.15 Hard cap- 1,000,000 Discount- 25% Round 3 Dates- August 4 till August 28, 2018 Price rate- $0.15 Hard cap- 1,000,000 Discount- 15% Parameters Of The ICO Ticker- NCO Platform- Ethereum Type- ERC20 Token price- 1 NC= $0.15 Accepts- ETH, BTC Token supply- 30,000,000 NCO Sale supply- 15,000,000 NCO Hard cap- $1,000,000 Soft cap- $200,000 Token Distribution Community distribution- 45% Reserved funding- 25% Founders and team- 9% Advisors- 3% Bounty campaign- 2% NONECoin SummaryThe NONECoin team is looking to achieve the goals of leveraging blockchain to ensure security and integrity of the digital transactions through advanced smart contracts. Still, the technology is somewhat new, and the concept of all nodes implementing the same code for consensus does not seem like an efficient use of resources on the blockchain.
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