Since 20th June there is a new altcoin available for the Crypto enthusiasts and Crypto coin collectors among us. Ottoman Coin is utilizing a X13 algorithm. There already are interested pools and parties ready to mine.
The developer wants his coin to get a good launch and thus he listens to what Crypto enthusiasts want from a coin. He is doing his best to accommodate both miners and investors in the fairest ways possible.
Like we stated, Ottoman Coin a Hybrid with POW/POS. the coin will be limited to 100 million coins over 13 years. Only a small pre-mine of 0.6% will be used for bounties and development. There will also be a 3% IPO offering which will enable the DEV to utilize these funds for the growth of Ottoman Coin.
As of this writing, there no exchanges who have listed Ottoman Coin yet. There is a bounty for doing so however, assuming your exchange has over 100 Bitcoin in trading volume per day. A bounty of 10,000 OTC could be yours!
There are no plans to create an Ottoman Coin multipool, as the developers feel this wouldn’t bring more value to the coin. A fair point, which is certainly up for debate, but it’s valid opinion.
There will also be no anonymity features in Ottoman Coin. Once again, because they do not add any value to the Crypto. Besides, people will still convert their altcoins to Bitcoin to Fiat, thus rendering the whole “anonymity” feature pretty useless.
Credit cards supporting Ottoman Coin are on the agenda , but we have not received any detailed information about this just yet. We will keep an eye out for any updated regarding this project and keep our readers updated accordingly.
Specification of the coin:
– Maximum POW coins: 10.000.000 OTC
– Total coins after 9 years: 50 Million OTC
– Total coins after 13 years : 100 Million OTC and keep on increasing by 20% PoS yearly.
– PoW Algorithm: X13
– PoW + PoS
– POW blocks : 10000
– 1000 Coins per block
– PoS interest 20% per year
– 60 second block target
– 110 confirmations for blocks to mature
– Premine 0.6% (for development, promotion, give-away’s, bounties)
– IPO 3% (on request by several people)
Ottoman Coin on BitcoinTalk : https://bitcointalk.org/index.php?topic=644426.0
Ottoman Coin on Twitter : https://twitter.com/ottomandev