Alt Currencies: OPEC COIN REVIEW

OPEC COIN REVIEW

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OPEC coin has launched with a bang and is already trading on ALLCOIN EXCHANGE. OPEC COIN has ambitious plans to be used as an alternative payment gateway for oil consumers and to purchase their oil from OPEC COUNTRIES using OPEC COIN as their currency of choice. If this plan takes off then this coin can go moon bound but it will take time and planning no doubt. and a dedicated Development Team and Community. The plan is to hopefully get the OPEC COIN to be worth the equivalent of one barrel of oil so there is work to be done to achieve this end..

OPEC COIN is a POW/POS Hybrid using the X13 ALGO and after ten years of POS there will be a total of over 300 million coins minted over this ten year period. Each mining block phase is also names after each OPEC OIL PRODUCING COUNTRY, making it a cute novelty for miners. There will be  just over six days of mining in POS before OPEC COIN turns over to POS.

 

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OPEC COIN SPECIFICATIONS

Here are the specifications for OPEC COIN.

Name: OPEC Coin [OPC]
Algo: X13 (ASIC resitant!) x13 mining guide here
Block time: 45sec
Block reward:

Blocks 1:
Premine
       (Premine block)
Blocks 2-100:
1
OPC (No istamine blocks)
Blocks 101-1100:
220
OPC (Libyan blocks)
Blocks 1101-2100:
3340
OPC (Iraqi blocks)
Blocks 2101-3100:
2830
OPC (Iranian blocks)
Blocks 3101-4100:
2690
OPC (UAE blocks)
Blocks 4101-5100:
2550
OPC (Kuwaiti blocks)
Blocks 5101-6100:
2460
OPC (Venezuelan blocks)
Blocks 6101-7100:
1920
OPC (Nigerian blocks)
Blocks 7101-8100:
1600
OPC (Angolan blocks)
Blocks 8101-9100:
1120
OPC (Algerian blocks)
Blocks 9101-10100:
700
OPC (Qatari blocks)
Blocks 10101-11100:
550
OPC (Ecuadoran blocks)
Blocks 11101-12100:
9400
OPC (Saudi blocks)

Last POW block 12,100  (6 days 6 hours of mining)
Total POW coins: 30,360,610 OPC
Block retarget: 5 blocks
POS interest: 2% per month during the first 10 years, 5%/year thereafter
Coins stake after 10 hours
Confirmations per transaction 4
Coins mature after 50 blocks
Total coins (POW + 10 years of POS) 316,280,490 OPC
Premine: 0.3% Will be used for further OPEC Coin development, promotions and negotiations with OPEC Country representatives.

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OPEC COIN LINKS

Want to know more about OPEC COIN and get involved? More links below to check out..

MAIN WEBSITE

TWITTER

REDDIT

BITCOINTALK FORUM

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