The time has come to once again look at some altcoins we have yet to discuss. Jumbucks is one of those coins which I had planned to write about ages ago,but never got around to doing so for some odd reason. Let’s see what JBS brings to the altcoin table!
Introduction
While the name Jumbucks is fairly new, lost of you might know it under its previous name CoinMarketCoin. This rebranding took place on October 23rd, even though CoinMarketCoin was a great success in regards to being an educational tool for the altcoin trading community.
By creating a new coin with a fair launch, no need for an IPO or ICO, no pre-mine and no coins going into a hidden developer fund, CoinMarketCoin immediately grabbed the attention of true crypto enthusiasts.
However, as great as the CoinMarketCoin launch was, the world of digital currency and altcoins keeps involving at a rapid pace. The JBS (Yes, I know it’s called CoinMarketCoin, the ticker on exchanges was JBS) developer acknowledged the need for building up ample infrastructure in order to support the network and bringing additional value to the coin itself.
The transition to Jumbucks allowed the price ticker to be the same (JBS) while giving Jumbucks an entirely different purpose compared to CoinMarketCoin. For those of you wondering where the Jumbucks name comes from, it’s a combination of the developer’s Australian descent and “buck”, which is a term indicating everyday currency.
In order to bring more value to Jumbucks, the use cases for JBS were/are designed to be valuable to the community, yet also funding future development at the same time. There are some interesting features and tools under development, which we will talk about in a bit.
The Jumbucks code was forked from ShadowCash (formerly ShadowCoin), thus offering some very interesting and popular features at launch, which we will look at next. Jumbucks is the first step in the DigitalFX Revolution.
Jumbucks Current Features
By forking the JBS code from ShadowCash, Jumbucks users have access to several popular features. One of those features is peer-to-peer encrypted messaging. Users can simply send messages to one another in their clients, eliminating the need for third party software such as an IRC client.
Another awesome feature that was available on launch is dual-key Stealth Addresses. For those of you who are new to cryptocurrency, Stealth Addresses are a one-time address where you can receive a transaction. This Stealth Address can not be linked to your main JBS address, thus adding another layer of anonymity/user privacy to your experience.
While Jumbucks can not be mined directly anymore, there is a multipool available to be used. Three mining algorithms are currently supported, as users can choose to mine on the SHA-256, Scrypt or X11 multipool ports. To find out more about the JBS multipool, click here.
One of the features, or tools if you prefer to call it that way, is the Jumbucks Twitter tip bot. Tip bots are an excellent way to spread the word about your altcoin, as well as allow users to get some coins for social interaction. For more details about the JBS Twitter tip bot, as well as a list of its commands, click here.
Jumbucks Upcoming Features
A lot of features and platforms are currently under development for the Jumbucks community. An innovative wallet is in the works, As of this writing, there is no official word on whether or not this wallet will hold additional features, but we will keep an eye out for more information.
Jumbucks web services are a focal point as well, and we will be treated to “never before imagined” web services. An Android wallet is scheduled for development as well. Mobile payments are becoming an integral part of cryptocurrency , so an Android wallet is a definite must-have from a developer point of view.
As we see with most coins, ATM integration is on everybody’s priority list at some point in time. Jumbucks want to allow for easier fiat money funneling into JBS, making one-way ATM integration worth pursuing.
Other features and platforms in development include asset-backing (more details later in time), a decentralized marketplace, creative marketing campaigns & events and unique & collectible physical crypto community products. Speaking of physical products, there is one available for purchase already, but more on that later!
Proof of Developer
Altcoins without some form of Proof of Developer rating are hard to find these days. Jumbucks went through CryptoAsian’s Proof of Developer process and earned a 5+ POD rating. If you are interesting in finding out more information about this review, click here
Merchants, Services & Exchanges
I did mention there is a physical Jumbucks crypto community product available for purchase at this point, in the form of JBS-themed poker chips. These chips have the Jumbucks logo on both sides, and the “Jumbucks” text along the edge. Jumbucks poker chips can be purchased on the CryptoChips website.
The Jumbucks developer also runs the Signed Mac Wallet Builds Program, which involves him building and designing any coin’s Mac Wallet using his Apple-issued digital certificate and Developer ID. In order to pay for this service, interested parties can pay either in Bitcoin or in Jumbucks. More information can be found on the Program website.
Jumbucks can be traded at the following exchanges : Cryptsy, Bittrex and AltMarket.
Technical Specifications
Block time: 60 seconds
Difficulty retarget: every block
Nominal stake interest: 8% annually
Min transaction fee: 0.0001 JBS Fees are paid to miners
Confirmations: 10, maturity: 500
Min stake age: 8 hours, no max age
P2P port: 51717, RPC port: 51716
Blocks 1-120 will only yield 1 JBS. Allowing for a fair distribution to early miners.
Ticker symbol: JBS (1 Jumbuck. 0.00000001 JBS = 1 Baby Jumbuck)
More Information
Website : http://getjumbucks.com
BitcoinTalk : https://bitcointalk.org/index.php?topic=765082.0
Twitter : https://twitter.com/jyap
Facebook : https://www.facebook.com/getjumbucks
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