Yesterday, I was approached on Twitter by someone who wanted to do an article about CommunityCoin. Not having a clue what this coin is about, I guess it’s time for all of us to find out.
CommunityCoin is a pure Proof-of-Stake Coin, comparable to coins such as NXT for example. However, that’s about as far as the comparison goes.
500 Users will receive all the CommunityCoins in existence (1,000,000,000). Members of the CommunityCoin development team don’t get more coins than a “regular” community member, so that’s something.
Now, having a community of 500 members is not a bad start, but what if you go beyond that number? There will be more CommunityCoins generated through PoS blocks. A block will be generated after holding the CommunityCoins for at least 1 day.
In order to be part of the CommunityCoin community, there are several requirements you have to meet :
Rule 1: Only Bitcointalk account created before March 20, 2014 will be qualified
Rule 2: Only accounts with enough contribution (min. 50+ quality posts)
Rule 3: A promise to deserve groups actions and take active role in targets given such as voting, posting, pushing it hard survival of a crypto.
Rule 4: Any post of wallet address in the thread will result in disqualifications (Bitcointalk rules does not allow it) Use profile fields!
Rule 5: We have right to reject any suspected ones which will not contribute or bad manners or simple bad luck due to technical errors.
A fair ruling, if you ask me. This is to prevent from “newbie” members to get in, get a bunch of free coins and water down the community. However, I’m not sure that too many people with a ”longer standing” on BitcoinTalk would be interested in CommunityCoin. Let’s see if there’s more to learn.
To apply for a spot in the CommunityCoin community, you can visit one of these two links (only use one, and not both, or you’ll be disqualified) :
2) Facebook group (https://www.facebook.com/pages/Communitycoin/618494781563683)
All you have to do , is visit one of the links, and post your BitcoinTalk username, and your CommunityCoin wallet address. Also, make sure to edit your profile file, and place your only CommunityCoin wallet address there.