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Author Topic: [ANN] [AIRDROP] MorningStar Payment Systems 💰| 100% PoS | 20% interest 1st year  (Read 2798 times)

Franzinatr

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Original ANN: https://bitcointalk.org/index.php?topic=2150377.0



MORNINGSTAR OFFICIAL WEBSITE  | DISCORD  | WALLET DOWNLOADS


▄▄▄
WHAT IS MORNINGSTAR (MRNG)


MorningStar Payment Systems aims to end the current banking institutions that have a government-granted monopoly on the creation of money and credit.  Federal Reserve Notes are paper promises backed by nothing of intrinsic value and they are only functioning as money because the government forces them on the public through legal tender laws.  Federal Reserve Notes are referred to as dollars but are not.  The definition of a dollar is a weight of silver (371 grains). To put it simply, the Fed is a group of banks running a national counterfeiting operation with the protection of the government.  With MorningStar’s “finite”, decentralized, secure ledger system, we can begin making positive monetary change.  The power of money creation is given back to the people where it should have been all along.


▄▄▄
SPECIFICATIONS


Ticker: MRNG
Pure PoS after initial PoW coins are mined (last block for PoW was block 100)
30 seconds block target
Difficulty retargets every block
PoS variable interests:
– 1st year: 20%
– 2nd year: 15%
– 3rd year: 10%
– 4th and subsequent years: 5%
4 confirmations for transaction, thus fast 2 mins confirmation for transactions
30 confirmations for minted blocks
Ports: 94722 (connection) and 94622 (RPC)
100 million total coins



MRNG Nodes (9/26/17): Morningstar.conf
Nodes Info: Official MorningStar, CoinsMarkets and Novaexchange nodes.
Updated Node Info: 2 new Novaexchange nodes added.


Code: [Select]
rpcuser=1234567
rpcpassword=kljsaklfhiosjfjkbsjkdfnisfsfsdf
rpcconnect=127.0.0.1
addnode=68.111.253.235
addnode=84.20.246.93
addnode=77.139.178.92
addnode=110.54.181.98
addnode=85.253.170.205
addnode=149.154.251.107
addnode=128.69.180.109
addnode=95.26.225.141
addnode=75.108.115.171
addnode=93.220.33.11
addnode=114.124.202.98
addnode=204.8.156.142
addnode=115.178.237.213
addnode=129.78.56.129
addnode=184.55.176.66
addnode=78.174.96.26
addnode=96.127.216.214
addnode=78.184.219.25
addnode=62.238.16.206
addnode=192.241.254.184
addnode=95.8.89.20
addnode=120.188.94.56
addnode=120.188.7.144
addnode=43.227.225.79
addnode=209.159.213.206
addnode=35.157.7.76
addnode=212.252.20.44
addnode=13.64.108.99
addnode=88.245.19.5
addnode=138.197.38.170
addnode=coinsmarkets.com:94722
addnode=122.114.173.21:29186
addnode=138.197.38.170:29186
addnode=192.241.254.184:29186
addnode=195.208.220.148:29186
addnode=83.128.77.100:29186
addnode=62.45.252.158:29186
addnode=45.32.229.99:29186
addnode=165.227.91.48:29186
addnode=174.138.45.190:29186
addnode=62.45.14.255:29186
addnode=162.243.23.241:29186
addnode=62.45.252.234:29186

▄▄▄
VISION



Our vision is to revolutionize monetary policy across the globe by establishing a secure Proof-of-Stake cryptocurrency that can grow to be a TRULY decentralized payment processing network outside of Federal and State regulations.  Bitcoin is under attack and has lost its initial focus.  It is becoming more and more centralized due to the amount of computing power and the cost of this equipment/electricity needed to "mine" new blocks.  This will inevitably push out "the common man" and the "little guy".  The initial idea of Bitcoin was a decentralized system that can not be controlled by single "actor".  However, the rapid appreciation in Bitcoin's USD value has caused many to forget its initial case-use and look the other way.  It is now under the microscope of Federal and State governments and subject to regulations.  Aside from this, the Bitcoin network now "wastes" enough electricity to power a small country.  With Proof-of-Stake mining, power consumption is negligible.

 Proof of Stake currencies can be several thousand times more cost effective.  Below is a chart of the wasteful use of energy consumed by the Bitcoin network.

Bitcoin’s current estimated annual electricity consumption* (TWh)   16.3
Annualized global mining revenues   $3,677,569,788
Annualized estimated global mining costs   $815,187,540
Country closest to Bitcoin in terms of electricity consumption   Lebanon
Estimated electricity used over the previous day (KWh)   44,667,810
Implied Watts per GH/s   0.3
Break-even Watts per GH/s (based on 5 cents per KWh)   1.353
Electricity consumed per transaction (KWh)   172.00
Number of U.S. households that could be powered by Bitcoin   1,509,607
Number of U.S. households powered for 1 day by the electricity consumed for a single transaction   5.8
Bitcoin’s electricity consumption as a percentage of the world’s electricity consumption   0.08%

▄▄▄
EARN BY SIMPLY HOLDING MORNINGSTAR (MRNG)

Unlike proof-of-work (PoW) based crypto-currencies (such as Bitcoin), where the algorithm rewards participants who solve complicated cryptographical puzzles in order to validate transactions and create new blocks (i.e. mining), the creator of the next block in a proof-of-stake crypto-currency is chosen in a deterministic (pseudo-random) way, and the chance that an account is chosen depends on its wealth (i.e. the stake). In PoS cryptocurrencies the blocks are minted (in the U.S. Treasury sense of this word) rather than mined. It works much like a savings account at a bank.

MorningStar’s proof-of-stake system combines randomization with the concept of “coin age,” (number of coins multiplied by the amount of time the coins have been held). Coins that have been unspent for this amount of time begin competing for the next block. Older and larger sets of coins have a greater probability of signing the next block (i.e. creating new coins). However, once a stake of coins has been used to sign a block, they must start over with zero “coin age” and thus wait the specified amount of time before signing another block.  This process secures the network and gradually produces new coins over time without consuming significant computational power.  A malicious attack on the network is very difficult due to the lack of a need for centralized mining pools and the fact that purchasing more than half of the coins is very costly.



EXAMPLE:
1. You buy 100,000 MorningStar (MRNG) from an exchange.
2. You transfer your MorningStar (MRNG) to your desktop wallet.
3. You hold it for one year. (the first year with interest at 20%)
4. You will now have 120,000 MorningStar.  A 20,000 increase for simply holding on your local wallet for 1 year.

▄▄▄
AIRDROP / BOUNTIES




Active Bounty

Join our Discord Channel to know know how to participate on Active Bounties

Another round of Airdrops will be announce soon! Be active in Discord channel to get the latest updates!

▄▄▄
EXCHANGES


CoinsMarkets.com
Novaexchange.com



▄▄▄
LINKS


Coin Market Cap
Coinhills
Blockfolio
MRNG FAUCET



TRANSLATIONS



OFFICIAL WEBSITE
EXPLORER
DISCORD
WALLET DOWNLOADS


 
NOTE: Please direct all messages regarding MorningStar to user changeproject or join Discord Channel and DM @Morningstar Payments. Thank you.

« Last Edit: September 26, 2017, 09:03:40 AM by Franzinatr »

cruptoprateek

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Wow Awesome Project. Can I get some bonus for commenting first.

Wallet

MiiXyDazzz6jTDX1PY6Eccc2wqgg3KjoPm

Franzinatr

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Wow Awesome Project. Can I get some bonus for commenting first.

Wallet

MiiXyDazzz6jTDX1PY6Eccc2wqgg3KjoPm
Join our Discord Channel here: https://discord.gg/nktqFqf We have some friendly dev there and supportive staffs including me, we'll wait for you :)

Also, please don't posts any wallet address here it's against forum rules because it count as a giveaway, I'll ignore wallet posts completely.

Thank You!
« Last Edit: September 12, 2017, 07:33:15 PM by Franzinatr »

coin.trader

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Hehe

MatMZ53BBQpdFTa89n81wTntDuS4rNPsYZ

cruptoprateek

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Re: [ANN] MorningStar Payment Systems 💰| 100% PoS | 20% interest 1st year
« Reply #4 on: September 17, 2017, 11:05:10 AM »
After long wait, finally a coin that looks promising. Learned you launching on Nova Tomorrow. Great going guys.

dirruk

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Re: [ANN] MorningStar Payment Systems 💰| 100% PoS | 20% interest 1st year
« Reply #5 on: September 18, 2017, 06:51:33 AM »
i bought some everything seems to be working and it stakes pretty fast with little coin

Ravenclaw

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Re: [ANN] MorningStar Payment Systems 💰| 100% PoS | 20% interest 1st year
« Reply #6 on: September 18, 2017, 08:40:38 AM »
Well done on getting this one listed on Nova.  :)

dirruk

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Re: [ANN] MorningStar Payment Systems 💰| 100% PoS | 20% interest 1st year
« Reply #7 on: September 26, 2017, 08:33:20 AM »
the electrum is almost done great things are happening

Franzinatr

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Re: [ANN] MorningStar Payment Systems 💰| 100% PoS | 20% interest 1st year
« Reply #8 on: September 26, 2017, 09:02:43 AM »
Thread updated :)

dirruk

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nice update its great to see a coin on bitcoingarden thats not overpromises but just works and really being developed

Franzinatr

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Updated MRNG (Electrum) will be soon to release, it's still in beta testing, stay tuned! ;)

 

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