[ANN] (X33) Qureno - An honest cryptocurrency for the community!

Qureno · 13 Sep 2020, 01:10

START MINING 15.09.2020 00:00 GMT!

NO PREMINE!!!

The minimum issue of coins is 20,000 for the launch of the first masternodes that ensure the launch of the network.

Qureno - An honest cryptocurrency that will be developed by the community!

All wallets will be laid out one day before the start, and the start of accepting blocks will be started at a certain time and date.

Decentralized funding system of the projects
The Qureno block reward allocates 10% into a community-governed "Fund for Financing of Projects".
This fund is fully open to audit by the public, providing assurance of the fund’s intended use.
Any owner of the masternode of Qureno platform will be able to put their projects for voting, in order to get financing through the Qureno platform.
This can be either proposals of improving the platform, or their own projects that can cause interest in the community and get the necessary number of votes.

Reward system
Proof-of-Work, Proof-of-Stake and Masternodes are all ways that various cryptocurrencies reward workers.
These reward systems contribute to the creation and confirmation of the Blockchain and each new block distributes the reward among those who perform jobs.
Our team has developed a new formula of reward distribution. Currently the reward for the mined block will be dynamic and paid with an accuracy of eight decimal places.

The reward will be calculated according to the following formula:
Reward = (19.500009 - (0.000009 * nPrevHeight));

The reward will smoothly decrease from 21 to 2 coins per block during nine years. Then it will remain 2 coins per block until the end of the issue.

The Qureno block reward is split such that 72% of rewards are allocated to masternodes, 18% of rewards are allocated to miners and 10% are allocated to a community-governed "Fund for Financing of Projects".
Qureno includes a unique lucky block system called Lucky Proof-of-Work. This system rewards both miners and masternodes owners who find a specific block, introducing an element of luck and excitement to the Qureno community.

Reward calculation for masternodes
The Qureno code base dictates that masternode rewards fluctuate based on the current number of masternodes.

To calculate daily masternode payouts, one can use the following formula:
Reward MN (per day) = ( n / t ) * r * b * 0.72
n = number of masternodes owned
t = total active masternodes
r = current block reward
b = blocks per day

Qureno specifications
Ticker: QRN
Max Coin Supply: 25,000,000 QRN
Algorithm: X33 / PoW+Masternode
Block Reward: Smoothly decrease rewards from 19 to 2 coins per block, for 9 years.

Block Reward Distribution
Masternodes: 72%
Miners: 18%
Governance and funding: 10%

P2P Port: 9799
Difficulty Algorithm: Dark Gravity Wave 3.0
Block Size: 2 MB
Block Time: 120 sec.
Masternode Confirmation: 15 blocks
Masternode Collateral: 10000 QRN
Governance Fee: 5 QRN
Governance Minimum Quorum: 10 votes
Premine: 0 QRN

The unique mining algorithm will only be available through the wallet.

https://bitcointalk.org/index.php?topic=5275447

https://forum.bits.media/index.php?/topic/172368-???ann-x33-qureno-an-honest-cryptocurrency-for-the-community???/

https://bitcoingarden.org/forum/index.php?topic=93692

Edited 13 Sep 2020, 01:18 by Qureno