Zeitcoin for global sustainability

darkflame (65)in #altcoins • 8 years ago (edited)

( Thanks to @archane28 for his Story about Zeitcoin that led me here.)

"I am stoked not enough coins have exchanges ready at launch good work op +1 Very excited for this launch!!!" - LosPollos (February 26, 2014)

https://chainz.cryptoid.info/zeit/

"The units will be generated from interest on the balance and credited to each participant in the network – this method is called “Proof of Stake“. All you need is a digital “Wallet” and the will to make a difference.

The interest rate is 25% in the first year, 20% the second year, 15% in the third year. After that, the interest rate is consistently at 5%, until the total amount 99 billion units has been reached."

https://coinmarketcap.com/currencies/zeitcoin/

(99 billion divided by 8 billion is 12.375 for each person on the planet. fair enough.)