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| about [2020/04/24 18:53] – [Team Members] boot2thrill | about [2020/05/11 21:28] – 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 the involvement of financial institutions, |
| 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.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. | ||
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| | 200M ₡CCX | __**Tier 1**__: Principal <10,000 (Base APR 2.90%/Max EAR 4.00%) __**Tier 2**__: Principal > | | 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/ | + | | Encrypted Messages and Self Destructive Messages | Starting on 5 ₡CCX and going up to 15 ₡CCX (+0.25 ₡CCX/ |
| ==== Emission and Coin Dynamics ==== | ==== Emission and Coin Dynamics ==== | ||
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| This contract is a type of transaction that includes an amount to be deposited of ₡CCX, a destination key, and a length of time (expressed in weeks and blocks) to lock. Once the transaction is completed, it contains the field unlock time and output-specific parameters and is included in the blockchain, as usual. When the TLC expires the total transaction amount will be earned (the original amount deposited of ₡CCX along with generated interest). Everything happens privately over the Cryptonote Protocol. | This contract is a type of transaction that includes an amount to be deposited of ₡CCX, a destination key, and a length of time (expressed in weeks and blocks) to lock. Once the transaction is completed, it contains the field unlock time and output-specific parameters and is included in the blockchain, as usual. When the TLC expires the total transaction amount will be earned (the original amount deposited of ₡CCX along with generated interest). Everything happens privately over the Cryptonote Protocol. | ||
| - | So in layman terms, when you deposit your ₡CCX coins, a TLC contract is created and stored on the blockchain and your ₡CCX coins are locked for the duration you selected. When that block is reached the coins are unlocked and the block creates additional ₡CCX (as much as your deposit generated) in addition to the mining block reward. As an example, lets say the current block reward is 20 ₡CCX and your deposit generated 200 ₡CCX in interest. The block where your deposit matures will generate | + | So in layman terms, when you deposit your ₡CCX coins, a TLC contract is created and stored on the blockchain and your ₡CCX coins are locked for the duration you selected. When that block is reached the coins are unlocked and the block creates additional ₡CCX (as much as your deposit generated) in addition to the mining block reward. As an example, lets say the current block reward is 15 ₡CCX and your deposit generated 200 ₡CCX in interest. The block where your deposit matures will generate |
| ==== Premine ==== | ==== Premine ==== | ||