It’s time to take a look at a new Crypto which will be released very shortly. It seems like X13 is the new hot algorithm for miners, and this coin is indeed a X13 coin. Let’s take a look why you should take an interest in AXISCoin.
As I mentioned, AXISCoin is a X13 Crypto, meaning your GPUs will be running pretty cool and smooth during this coin’s Proof-of-Work phase, which will only last for six days. Why 6 days you ask? “And the 7th day, God rested.”
During this 6-day Proof-of-Work stage, 11,880,000 AXIS will be mined, at a rate of 990,000 coins per day. Each block, which is generated every 60 seconds to avoid forking, will reward miners with a bounty of 687,5 coins.
In total, there will be 12,000,000 AXIS in existence until Proof-of-Stake begins, of which 1% will be pre-mined. This pre-mine will be used for bounties, such as the bounty of 1,000 AXIS for every mining pool that will be ready at launch in 4 days. DedicatedPool is already on board.
In regards to the Proof-of-Stake part, coins in your wallet will earn you 7% stake annually. The minimum stake age if 7 hours, and the maximum stake age is 1 month. The hard supply cap of AXISCoin is 24 million coins.
Other bounties for which the pre-mine will be used include the creation of a faucet, block explorer, translations of the announcement thread, articles and a giveaway, which is featured at ThisWeeksCoin forums. More information about this giveaway can be found here.
People have already asked whether or not AXISCoin will have anonymous features. The answer to that question is, and I quote : “No, anon is a fairy tale. AXIS is not an anonymous coin. ( Maybe it will be, but not anytime soon. ) We won’t be hyping AXIS with lies, but actions.”
As far as the design for the AXISCoin wallet goes, it will look similar to SilkCoin’s wallet. This most likely means there will be some form of animation going on when opening the client window, which I’m quite a big fan of.
Another interesting quote from the AXISCoin team is the following : “We are not in a rush to get listed on any exchange. We want to avoid dumping from big miner’s side. When coins get added from the first 2 days, price drops. People appreciate their coins when they hold them at least 1-2 days.”
AXISCoin looks to be a very promising coin, and we will keep an eye out for any future developments.
AXISCoin on BitcoinTalk : https://bitcointalk.org/index.php?topic=632818.0
AXISCoin on Twitter :https://twitter.com/AxisCoin
AXISCoin countdown : https://www.altcoincalendar.info/coins/513-AXIS