Due to popular demand on Twitter, It’s time for our second article of the day about a Crypto we haven’t talked about yet. MammothCoin is the name, which apparently has SuperBlocks! Let’s see what else we got.
MammothCoin is one of those rare new Cryptos who don’t write up a fancy story to try and persuade you in order to mine it. Just plain facts, no special flags or pompons. I can appreciate that, so lets chalk it up as a brownie point.
MammothCoin is a X13 Proof-of-Work/Proof-of-Stake Crypto with true random SuperBlocks. Even though we have seen a ton of coins with a very limited PoW phase, MammothCoin has a less limited period of mining, which is roughly 2 months. More brownie points!
During this extended/limited mining phase, difficulty will retarget every block, which are generated every 60 seconds. Every 12 hours, there will be a 20x reward super block, and every 5 days, there will be a 250x reward super block.
Once MammothCoin goes Proof-of-Stake, holders will earn 50% stake during year one, which will halve every year until the stake reaches a flat 2% yearly rate. In order to earn stake, your coins cannot move for at least 24 hours.
In case you are wondering about the total supply cap for MammothCoin, I can easily answer that question for you guys. Including coins generated during Proof-of-Stake phase, there will be a total of 25,000,000 MAMM.
You can use your MammothCoin to buy things, thanks to the people running BitcoinShop. Goods include shoes, clothing (men and women!) , phones, computers, watches and more. MAMM is one of the supported currencies to pay for your order.
Exchanges-wise, you can buy and sell MammothCoin on the following exchanges : BitTrex, KingCoiny and AllCoin. More exchanges will follow soon probably, but keep in mind this coin only launched June 7th.
The MammothCoin developer team is looking to integrate anonymity features in the MammothCoin client. The official code will probably be released within the next 2-3 weeks, but we will keep our readers updated.
Last but not least, MammothCoin has a 1.5% pre-mine, which will be used for development costs, code maintenance, enhancements bounties giveaways, and more. Nothing unusual here , but I’m still taking off a brownie point.
MammothCoin website : http://mammothcoin.org
MammothCoin on BitcoinTalk : https://bitcointalk.org/index.php?topic=635751.0
MammothCoin on Twitter : https://twitter.com/CoinMammoth
MammothCoin donations are welcome to : MRFYSPCjpC8fWVgrj5Yuf8VXkXjc3QiRhb