It’s time to take a closer look at a new and recently released cryptocurrency, called DistroCoin.
This is another X11 Proof-of-Work/Proof-of-Stake hybrid cryptocurrency, so our GPU’s will enjoy the cooler mining temperatures.
Even though we have seen an increasing influx of X11 coins, or Proof-of-Work/Proof-of-Stake hybrid coins, or even combinations of both, it’s always worth your while to at least read up about what this coin will bring to the table.
DistroCoin (or DIS) will have a Proof-of-Work stage lasting 50,000 blocks. With a reward of 250 coins per block, a total of 12,500,000 coins will be mined. Once the Proof-of-Stake phase begins, the total supply cap will be raised to 100,000,000 DIS, but will take quite a lot of time to reach.
DistroCoin owners will receive an annual stake of 15%, with a minimum coin age of 8 hours, and no maximum coin age set. There is also a 2% pre-mine, which is used for bounties, development, etc. The usual.
As far as the roadmap for DistroCoin goes, there are plans to create an online wallet (should be available soon), an Android application, point-of-sale system for merchant adoption and a few other things planned. For a full list, click here.
So far, you can only buy, sell and trade DistroCoin on the BitTrex exchange. No word yet on other exchanges being contacted, but I assume negotiations are underway. We will keep you updated if this situation changes.
Make sure to check out the official DistroCoin thread on BitcoinTalk!