DiscountCoin - new cyptocurrency masternode coin with immediate use
I just happened across this new coin that is in ICO (https://discountco.in/buy). Looks amazing.
It's even on masternodes online ( https://masternodes.online/currencies/DSC/ ) .
Below is some info, but check out their website ( https://discountco.in/ ). Or their discord (https://discord.gg/dFwsQq2 ). They even have bounties you can join so you can stake right away (I'm staking with coins from a bounty and getting stakes already).
At the very least, join a bounty, get some free coins, stake it, and you may hit a lucky block and get 5000 coins.
Mission
Our goal is simple, give the world an opportunity to use crypto-currency everyday to buy items at discounted prices in every stores accepting it. The network will reward shop owners making an effort to propose those prices by giving them more coins as they accept more transactions.
Plan
Using the emerging technology of Proof-of-stake Masternodes, we plan to reward staking people with coins each time a block is mined. You can find all information about our technology in the "staking" section.
As a customer, you will be able to buy your items, pay for the restaurant, or go to the cinema with a discounted price.
As a shop owner, you will sell with a discount but you will earn more coins by staking them is your wallet, thus making a profit as if you sold for more than initial price.
Vision
Our vision is long term based.
We are planning a wide customer usage during first year to build the Discount network and strengthen POS system with an Intial Coin Offering (ICO).
Masternode will be rewarding early adopters by great amount during the first year. Then we will promote our technology to local shop owners, still encouraging them to propose discounted prices and earn rewards themselves.
Discount Coin network is designed to give great rewards during at least 20 years !
Basic Specifications
Coin Name : Discount Coin
Ticker : DSC Coin
Type : pure PoS
Algorithm : Scrypt
Detailed Specifications
Max block size : 3 Mb
Block Time : 60 seconds
approx Blocks/Day : 1440
Minimum Stake Age : 2 hours
Coin maturity : 50 blocks
Max Supply : 50,000,000
DSC Difficulty retarget : every block
Ports : Network 9444 - RPC 9445
Value Tx : low fees
Transaction : Super fast transactions
Eco-friendly : no mining, pure Proof-of-Stake
Stealth addresses : Darksend Private Mixing Private Encrypted : Desktop Blockchain Messaging
Low Premine : 4% total : 3% for ICO - 1% for promoting
Masternodes
Masternode collateral : 5000 DSC
Block Reward : 75% Masternodes, 25% Staking
Block Reward : Growing first year and staying two-digit numbers for 10 years
Lucky Blocks : 5000 DSC reward on 18 milestones blocks, 16 during first year
Marketcap after ICO : around $98,000,000
Monthly gain after ICO : ~5600$ first month, ~7900$ after 3 month, ~9k$ after 10 month (may vary on market fluctuation)
Proof-of-Stake Rewards
Proof-of-Stake based blockchain rewards coin holders having a masternode of simply staking coins in their wallet. Once ICO is over, we will list DiscountCoin in main marketplaces. Unlike in Proof-of-work coins like Bitcoin, Discount coin cannot be mined in ASICs farms, only coins holders can create more coins. It has a significant influence on exchange price, avoiding miners to plummet coin price. Coins are sold by people invested in DiscountCoin blockchain at fair prices. Here is a table describing rewards structure, growing fast during the first year to boost Discount Coin mass adoption, staying lucrative for many years and slowly declining for next decades. Monthly gain is calculated for 1 Masternode (5000 DSC), based on ICO average price.
| Until block # | Duration | Reward / Block | Monthly gain |
|---|---|---|---|
| 10 080 | 7 days | 5 DSC | $1411 |
| 14 400 | 10 Days | 8 DSC | $2258 |
| 18 720 | 13 days | 10 DSC | $2822 |
| 23 040 | 16 days | 12 DSC | $3387 |
| 27 360 | 19 days | 14 DSC | $3951 |
| 31 680 | 22 days | 16 DSC | $4516 |
| 36 000 | 25 days | 18 DSC | $5080 |
| 43 200 | 30 days | 20 DSC | $5645 |
| 64 800 | 45 days | 22 DSC | $6210 |
| Until block # | Duration | Reward / Block | Monthly gain |
|---|---|---|---|
| 86 400 | 60 days | 24 DSC | $6774 |
| 129 600 | 90 days | 26 DSC | $7338 |
| 172 800 | 3 month | 28 DSC | $7903 |
| 302 400 | 7 month | 30 DSC | $8467 |
| 432 000 | 10 month | 32 DSC | $9032 |
| 777 600 | 1 year and 6 month | 30 DSC | $8467 |
| 2 160 000 | 4 years | 10 DSC | $2822 |
| 4 320 000 | 8 years 3 month | 3 DSC | $847 |
| Max supply | ... | 1 DSC | $282 |
Lucky Blocks
Because getting a discount price is also funny and sometime due to cheer luck, we introduced "lucky block" technology in DSC blockchain. 18 milestones blocks are rewarding 5000 DSC coins when mined. Most of them will occur during first year to encourage early adoption. Don't hesitate to join in !
| block # | Lucky reward |
|---|---|
| 8 000 | 5 000 DSC |
| 12 000 | 5000 DSC |
| 16 000 | 5 000 DSC |
| 20 000 | 5 000 DSC |
| 25 000 | 5 000 DSC |
| 30 000 | 5 000 DSC |
| 35 000 | 5 000 DSC |
| 40 000 | 5 000 DSC |
| 50 000 | 5 000 DSC |
| block # | Lucky reward |
|---|---|
| 60 000 | 5 000 DSC |
| 75 000 | 5 000 DSC |
| 90 000 | 5 000 DSC |
| 100 000 | 5 000 DSC |
| 150 000 | 5 000 DSC |
| 200 000 | 5 000 DSC |
| 500 000 | 5 000 DSC |
| 750 000 | 5 000 DSC |
| 1 000 000 | 5 000 DSC |
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