We have kind of neglected keeping you guys up to date on some of the promising altcoins that have been released lately, but we’ll make that up to all of you, by introducing you to MintCoin.
MintCoin is about green energy, and a fast distribution. It also refers to the way most of us gather their coins, a term you know as “minting”.
During the first 5 weeks, coins will be distributed through the PoW system, however, after that period, the PoS system will be generating all future coins.
But the fun doesn’t end there : the PoS system is variable. If you have no idea what I’m talking about, allow me to explain. The PoS system will reward you with 20% stake during the first year.
Afterwards, the stake will start decreasing by 5% per year, until the 4th year. The yearly stake will remain at 5% after that. Not bad at all, if you ask me!
This is also where the energy saving aspect comes in, as you won’t need to mine MintCoin as intensively once it becomes a pure PoS coin, and the block reward will decrease to 1 MintCoin per block. Very interesting strategy!
MintCoin is a Scrypt coin with a 70 billion coin supply cap. Block rewards range between 100,000 to 900,000 coins per block, with rewards halving every week for the first 5 weeks.
So what are you waiting for? Go and mine yourself some MintCoin while you still can, and reap the benefits little over two weeks from now!