KeyCoin – No Clue About Its Future But I’m Intrigued

One of the coins being talked about by a lot of people is KeyCoin. Does this digital currency really hold the key to success? What makes it tick? I think it’s due time to find out what this coin does, and why you should take an interest in it!

So KeyCoin has an official introduction statement, which is something I can really appreciate as a “veteran” in the world of Crypto. This doesn’t mean I will instantly love your coin though, but it’s a nice touch.

Either way, in this KeyCoin statement, a clarification is made in regards to the block rewards. There was misleading information in the original post, as the big reward blocks had completely different numbers compared to originally announced.

Even though it does not personally affect me, I’m not sure if this is a smart approach. The idea was to reward people who had been mining all along, and give the proverbial finger to multipools and mining farms. As much as I like that , it’s still a risky move in my opinion.

The KeyCoin team consists of four members , two developers, a full time graphic designer and a community relations/PR manager. I have to admit, the team looks pretty solid so far, and KeyCoin is starting to grow on me.

There are a lot of plans for KeyCoin, including having an eventual USD pairing, which is one of the reasons why the amount of total coins is relatively low. A detailed roadmap with more details and target dates will be released shortly.

You can find the KeyCoin official introduction statement here :

https://bitcointalk.org/index.php?topic=695457.msg7877940#msg7877940

Let’s take a look at KeyCoin’s technical specifications :

Distribution: POW/POS

Algorithm: x13

Total Coins: Approx 1,000,000 in POW.

No premine.

Fair blocks for Community Bonus, Blocks 1601-2000 Larger Rewards Than First.

Block Reward:

Block 1 – 400: 500 KEY

Block 401 – 700: 450 KEY

Block 701 – 1000: 350 KEY

Block 1001 – 1300: 300 KEY

Block 1301 – 1600: 250 KEY

Block 1601 – 2000: 550 KEY

Block 2001 – 2100: 150 KEY

Block 2101 – 3000: 100 KEY

Block 3001 – 4000: 50 KEY

Block 4001 – 4500: 1 KEY

POS Only After Block 4500

Block Time: 60 Seconds

Yearly POS Interest: 20%

50 Minted Block Confirmations

On the exchanges front, you can trade KeyCoin at BitTrex and Cryptsy.

You can find out more about KeyCoin by using the following sources :

KeyCoin on BitcoinTalk : https://bitcointalk.org/index.php?topic=695457.0

KeyCoin donations : KCsXTK33KFggmZugq2fm5mthB1A3SRKTKT