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about [2019/09/12 13:53] – [Exchanges] taegus | about [2020/05/20 20:15] – [Conceal Emission] boot2thrill | ||
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==== What is Conceal? ==== | ==== What is Conceal? ==== | ||
- | Conceal.Network is a decentralized blockchain bank, with deposits | + | Conceal.Network is a decentralized blockchain bank, with deposits paying interest, without |
- | Conceal.Network enables untraceable and anonymous messaging, and a secure way to transfer funds. Using a distributed public ledger, the sender and receiver are kept anonymous, a key concern in a post Snowden world. Hackers cannot trace money or messages when the messages | + | Conceal.Network enables untraceable and anonymous messaging, and a secure way to transfer funds. Using a distributed public ledger, the sender and receiver are kept anonymous, a key concern in a post Snowden world. Hackers cannot trace funds or messages when they are sent across public networks. |
- | Conceal Cryptocurrency | + | (₡CCX), the native coin of Conceal.Network, |
- | Conceal is accessible | + | Conceal.Network |
- | Conceal avoids many concerns, e.g. technological, | + | Conceal.Network |
- | + | ||
- | Conceal | + | |
- | + | ||
- | No one owns Conceal, everyone can take part. | + | |
- | + | ||
- | + | ||
- | This is the main source | + | |
=== Privacy Oriented Cryptocurrency === | === Privacy Oriented Cryptocurrency === | ||
- | Conceal is an open source privacy protected peer-to-peer digital cash system. It's untraceable and completely decentralized, | + | Conceal is an open source, privacy protected, peer-to-peer digital cash system. It's untraceable and completely decentralized, |
==== Main Features ==== | ==== Main Features ==== | ||
| **Anonymous Banking** | **Encrypted Messages** | | | **Anonymous Banking** | **Encrypted Messages** | | ||
- | | Deposits form the backbone of the Conceal ecosystem, providing users with an egalitarian form of staking that earns interests on locked deposits. | + | | Deposits form the backbone of the Conceal ecosystem, providing users with an egalitarian form of staking |
| **Anonymous Payments** | | **Anonymous Payments** | ||
- | | Conceal uses ring signatures and one-time addresses for truly anonymous payments | Conceal' | + | | Conceal uses ring signatures and one-time addresses for truly anonymous payments | Conceal' |
- | | **Protected Proof Of Work** | **Adaptive Limits** | | + | | **Protected Proof Of Work** | **Dynamic |
- | | PoW hash function | + | | Our own decentralized, |
| **Fungible** | **Scalable** | | | **Fungible** | **Scalable** | | ||
| Conceal is truly fungible, thanks to built-in privacy features. Just like cash, all coins are equal, changeable. It is extremely unlikely that a coin will ever be blacklisted by any party due to its association in previous transactions. | Future scalability initiatives will include a modular sidechain. | | | Conceal is truly fungible, thanks to built-in privacy features. Just like cash, all coins are equal, changeable. It is extremely unlikely that a coin will ever be blacklisted by any party due to its association in previous transactions. | Future scalability initiatives will include a modular sidechain. | | ||
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==== Legal Disclaimer ==== | ==== Legal Disclaimer ==== | ||
- | Conceal is an open source EXPERIMENTAL project, which means that there is no company behind it. This project is supported by the community, meaning there is no stable, full-time team and no physical headquarters from which the project runs its operations. The advantage here is that anyone can propose changes or improvements to the block-chain, and, if the suggestion is voted by a majority of people, the changes are then implemented. | + | Conceal is an open source EXPERIMENTAL project, which means that there is no company behind it. This project is supported by the community, meaning there is no stable, full-time team and no physical headquarters from which the project runs its operations. The advantage here is that anyone can propose changes or improvements to the blockchain, and, if the suggestion is voted by a majority of the community, the changes are then implemented. |
- | This project is intended to be a community project not a commercial product and it relies on the good will of the volunteers involved. | + | This project is a community project, not a commercial product, and it relies on the good will of the volunteers involved. |
Conceal is distributed in the hope that it will be useful to people, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANT ABILITY or FITNESS FOR A PARTICULAR PURPOSE. | Conceal is distributed in the hope that it will be useful to people, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANT ABILITY or FITNESS FOR A PARTICULAR PURPOSE. | ||
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| Name | Ticker | Symbol | | | Name | Ticker | Symbol | | ||
| Conceal | CCX | ₡ | | | Conceal | CCX | ₡ | | ||
- | | Mining Algo | Diff | Privacy | | + | | Block Time | Decimal Places | Transaction Fees | |
- | | Cryptonight Conceal | Zawy's LWMA3 | Ring Signatures and One-Time Addresses | | + | | 120s | 6 | 0.0001 ₡CCX |
- | | Max Supply | Deposits | Investments | + | | Mining Algo | Difficulty |
- | | 200M CCX | Up to 4.16% interest rate per year | Up to 7.32% interest rate per year (36.62% max term) | | + | | Cryptonight Conceal | DDA & Zawy's LWMA3 | Ring Signatures and One-Time Addresses | |
+ | | Max Supply | Banking | ||
+ | | 200M ₡CCX | __**Tier 1**__: Principal <10,000 (Base APR 2.90%/Max EAR 4.00%) __**Tier 2**__: Principal > | ||
| Messenger | Block rewards | Address Format | | | Messenger | Block rewards | Address Format | | ||
- | | Encrypted Messages and Self Destructive Messages | Starting on 5 CCX and going up to 20 CCX (+0.25 CCX/month). Currently | + | | Encrypted Messages and Self Destructive Messages | Starting on 5 ₡CCX and going up to 15 ₡CCX (+0.25 |
- | ==== Emission | + | ==== Conceal |
- | Coin emission | + | Conceal coin (₡CCX) |
- | - Mining | + | Proof of Work (PoW) mining. A computer calculation used to create and verify a new group (or block) of trustless transactions on a decentralized ledger (or blockchain). PoW mining creates new ₡CCX currencies by rewarding miners for completing the calculation. |
- | - Deposits generating interest when they mature | + | |
- | Mining works as in any PoW coin. but deposits are unique as described bellow. The whole emission was carefully designed as the whole economic of the coin by people who know what they are doing. Here you can see simulated emission in the mathlab for the whole life cycle of the project. | + | Cold Staking (or Banking Deposits). A form of passive interest income generated on a timed deposit and earned when the deposit matures. |
- | {{ :emmision.png? | + | The chart below visually details the emission (depicted in red) of the number of coins (on the vertical access) and the time duration (in months) of both PoW mining (depicted in green) and Cold Staking/ |
- | ==== Block rewards ==== | + | {{ : |
- | Conceal has a very unique block reward scheme that increases to a max block reward instead of decreasing as in most other coins. | + | The block reward will continue to rise (at 0.25 ₡CCX per month) until reaching the maximum (capped at 15 ₡CCX per block). The maximum of 15 ₡CCX per block will be achieved in 3½ years (or 41 months). Once the maximum of 15 ₡CCX per block is achieved, a gradual descending mining block reward will begin (at 0.10 ₡CCX per month) until 6 ₡CCX per block is achieved in 11 years (or 131 months). |
+ | |||
+ | The compounding interest paid through Cold Staking/ | ||
+ | |||
+ | This emission plan, combined with the maximum supply remaining unchanged at 200M, allows miners to be rewarded for over 100 years and deposits extended for 30 years. | ||
+ | |||
+ | The whole economic ecosystem (PoW mining and Cold Staking/ | ||
+ | |||
+ | For the complete emission table please __[[emissiontable|click here]]__. | ||
+ | |||
+ | ==== Block Rewards ==== | ||
+ | |||
+ | Conceal has a very unique block reward scheme that increases to a max block reward, instead of decreasing as in most other PoW coins. | ||
- | {{ : | ||
==== Fees ==== | ==== Fees ==== | ||
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**Banking** | **Banking** | ||
- | | Deposits | + | | Deposits | Withdrawals | |
- | | 0.001000 CCX | 0.001000 CCX | 0.000100 CCX | | + | | 0.001000 CCX | 0.000100 CCX | |
- | Miners get 100% of the fees. The block can generate | + | Additionally, |
- | they are TLC (Time Locked | + | Cold Staking |
- | The contract | + | This contract |
- | Everything happens privately over the Cryptonote Protocol. | + | |
- | So in layman terms when you deposit your coins, a TLC contract is created and stored on the chain and your coins are locked for the duration you selected | + | So in layman terms, when you deposit your ₡CCX |
==== Premine ==== | ==== Premine ==== | ||
- | Our premine is 6% of the maximum supply. The funds have been locked over a 5 years interval. Every quarter (3 months) a batch of 400k CCX is released to cover operation expenses, exchange listings, marketing and to pay collaborators. | + | Our community |
- | The premine | + | The premine |
- | People can also get CCX for applying to the CCX Labs and running their own projects in the conceal network environment. As we speak projects are being made by the community and funded by CCX premine. | + | |
- | You can also check how the premine is spent here: [[https:// | + | People |
- | Premine batches unlock dates | + | You can also audit how the premine is spent here: [[https:// |
- | {{ :preminedates.png? | + | Premine batch unlock dates: |
+ | |||
+ | {{ :reserve_fund_update.png? | ||
=== Metrics === | === Metrics === | ||
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==== Exchanges ==== | ==== Exchanges ==== | ||
- | Hotbit https:// | + | **Hotbit**: https:// |
- | TradeOgre https:// | + | **TradeOgre**: https:// |
- | Stex https:// | + | **Stex**: https:// |
- | Citex https:// | + | **Citex**: https:// |
- | Graviex https:// | + | **Graviex**: https:// |
- | FinexBox https:// | + | **FinexBox**: https:// |
- | Sistemkoin https:// | + | **Sistemkoin**: https:// |
- | Altilly https:// | + | **Altilly**: https:// |
- | LetsDoCoinz | + | **ProBitEx**: |
- | ProBitEx | + | **Azex**: |
- | Azex https:// | + | ==== Media Articles ==== |
+ | |||
+ | [[Media|Media Content]] | ||
==== Team Members ==== | ==== Team Members ==== | ||
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* DEVELOPER: bomb-on | * DEVELOPER: bomb-on | ||
* DEVELOPER: Taegus | * DEVELOPER: Taegus | ||
- | + | * DEVELOPER: Alex Stanford (HashOfZorro) | |
+ | * PR & MARKETING: boot2thrill (aka boots) | ||
+ | [[Media|Media Content]] |