CREAM cryptocurrency

creamcoin (25)in #cryptocurrency • 8 years ago (edited)

CREAM cryptocurrency

Conclusion on ourselves for the past 3 years, interest and development on blockchain based transactions in order to process payments on simple and cheapest possible way. Development that requires certain technical challenges to be overcome and proceed, in order to be decentralized. The result is

C.R.E.A.M

“CRYPTO RULES EVERYTHING AROUND ME”

CREAMcoin is based on Cream protocol which is based on Bitcoin open source code, a state that deffines correct agreement between the nodes in the network, creating X11 algoritam. With this algoritam, our developers goal is achived in the most possible way to be applied between the nodes, creating most secure valid transactions. The collection of multiple secure transactions in a block, and well order of those blocks — blockchain, in this case modified Bitcoin base altchain, is creating asset or digital property CREAM cryptocurrency.X11 algorithm which CREAM is based on, is chained hashing algorithm, which is used for the ‘Proof of Work’ calculations, which secure the network of some cryptocurrencies. It is known as a chained algorithm of 11 different algorithms which are chained together: blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, and echo. The use of 11 different algorithms also increases the security of coins using this method against brute force attacks. Benefit of this algorithm is the fact that it is less intesive and therefore uses less electricity what makes it widely acceptable and usable.

Distribution

CREAM have chosen four main ways of distribution of the CREAMcoin: Crowdsale, Mining, Staking and through Merchants gateway acceptance.

Crowdsale:

CREAM crowdsale is initiated by CREAM team, to ensure funds for developing projects stated in Cream whitepaper. CREAM Crowdsale is hosted by CREAM team on Cream website until 1st of July, at midnight GMT. Total 30.000.000 (Thirty millions) coins will be distributed to the investors by Cream crowdsale with initial price of 0.00000200 BTC in the first part where 15.000.000 CRM will be distributed, and 0.00000300 BTC per CRM where another 15.000.000 CRM will be distributed in the second part of the crowdsale. Funds will be collected on Cream website using payment processor of www.coinpayments.net which will generate invoice for every single investment. Every potential investor needs to fullfill the form on that invoice, which will not require registration, or contain any private information. Investor must provide just correct email address which is essential for invoice delivery, coin distribution information, and future contact.Cream Crowdsale will be counted as successful if more then 50% or 15M coins are sold and the rest coins will be burned. In case if it is not successuful, funds will be returned to investors. If crowdsale is successful CREAM coins will be distributed to investors in the first week after crowdsale ends, aproximatelly from 1st until 7th of July.

Mining:

Another way that Cream team have chosen to distribute CREAM coins is mining which have precise defined block reward stated on cream official website. Mining will start in the next 24h after crowdsale ends, on several mining pools, as well as multipools.

General specification

Name: Cream
Ticker: CRM
Algo X11
Block time: 240 sec
Block size 4MB
SegWit
Mined coins mature in 100 blocks
Tx confirmation 5 blocks

Mining specification

block # 2–50–100 CRM
block # 51–2000–4000 CRM
block # 2001–4000–3000 CRM
block # 4001–6000–2000 CRM
block # 6001–8000–1000 CRM
block # 8001–16000–500 CRM
block # 16001–32000–100 CRM
block # 32001–64000–50 CRM
block # 64001–128000–10 CRM
block # 128001–10000000–1 CRM

Staking:

Staking is just one of the methods that is used for distribution and generating coins as well as revenue without mining or any other special equipment.

Minimum stake age 36h
No Maximum PoS age
block 1 to 32000–20
block 32001–2

Gateway and CRM acceptance:

Possibility of gateway acceptance of CREAM on 3rd party websites that offer products and services will further help in distribution process as well as generating demand for CREAM.

CREAM vision

After successful launching and distribution of the CRM, CREAMTEAM, besides regular techical updates of the CREAM source code, wallets and applications, following all new blockchain trends that evolve from developers all around the world, will focus on opening fondation company which will support, invest and sponsor many different startups and innovations. Every different project will be counted as a new CREAM LINE that will be based on legal contract between CREAMTEAM and funded parties. Contracts between CREAMTEAM and funding parties will generate profit which will be used for further development, massive acceptance of CRM all around the world and liquidity in every point of view.We encourage you to join our journey, to make a difference in crypto world, to help different young entrepreneurs and crypto projects around the world.Remember the past, open your mind and see the future: