It’s time for more color-themed coins! We all could use a little bit more colors in our ordinary, bland lives, right? I mean, we are all sitting behind a computer and that makes us outcasts…According to “normal people”. Who cares, right? Either way, OrangeCoin!
“OrangeCoin is a unique combination of Proof-of-Work distribution with Proof-of-Stake minting to secure the network.” Not so unique I’m afraid, but you can’t dress the coin up as something it’s not, so I’ll let it pass.
With its Proof-of-Work stage starting April 27th 2014, and ending on May 11th 2014 if all things go to plan, 50,000,000 OGK will be mined. During the Proof-of-Stake stage, 150,000,000 additional OGK will be generated.
Regarding this Proof-of-Stake, you will generate an interest of 20% during the first year, 10% in the second year, 5% in the third year, and a constant interest of 2.5% for every year after that.
There was a 0.5% pre-mine on OrangeCoin, which will be used for developmental purposes, and “future development of total mined coins”. Not exactly sure what all of that is about, but what is a cryptocurrency without a pre-mine these days, right?
As far exchanges go, OrangeCoin is currently only listed on BitTrex. I’m not sure which exchanges are looking to add OrangeCoin any time soon, as there is no real trading volume, and frankly, no real interest in the coin either.