GiveCoin is a CryptoCurrency with a charitable angle - the idea being to emPoWer charities and encourage giving. The coin is based on DarkCoins ASIC resistant X11 algorithm, has a block time of 60 seconds - block reward of 1000 coins per block - halving every six months - a total supply of 500 million and a Kimoto gravity well difficulty retargetting. There was a premine of 5%, 2% will be donated to charities on a most voted basis each month, 1% for disaster relief, 1% for bugs and bounties and 1% for development and marketing.
GiveCoin (GIVE) Features
Technology Specifics for GiveCoin (GIVE)
GiveCoin (GIVE) uses the X11 algorithm and relies on the PoW proof type.