OFWCOIN Is an innovative, secure remittance and payment method which is a perfect platform for the Overseas Filipino Worker (OFW) to send money to and from the Philippines with anonymity and with a tiny cost of 0.1% per transaction.
We have created the OFWCOIN as a coin that Hundreds of Thousands of OFW's can both identify with and use as a remittance service at very little costs and with the view to keeping the cost of an OFWCOIN in-line with the Philippines Peso so that it sits at or around it's equivalent in USD or BTC. We also want the larger Altcoin Community including investors, miners, traders and enthusiasts to embrace this coin as it is both easy to mine, will become part of a 30Billion USD a year industry that is the remittances to the Philippines and for it to remain both sustainable, accessible and affordable for people around the world to use.
Total Amount of coins: 400 Million
Pre-Mine: 1%
ICO: Nil – Self Funded
Ticker: OFW
Algorithm: X11 PoW + PoS Hybrid
Difficulty Re-targeting: Sophisticated method every block
Block Time: 3 Minutes (180 Seconds)
PoW Reward:
100 Coins each block for the First 2 Months - (Totaling 2,688,000 Coins Created)
50 Coins each block for the next 4 Months - (Totaling 2,688,000 Coins Created)
30 Coins each block Thereafter - Flat Rate Forever Until Coin Cap (Totaling 6,451,200 Coins Per Year)
PoS Yearly Interest Rate (% Per Year): 2% (0.0054% Interest Per Day)
Minimum Stake Age: 12 Hours Maximum Stake Age: Unlimited
Block Confirms for Mined Blocks: 30 (90 Minutes)
Block Confirms for Sending/Receiving: 7 (21 Minutes)
Github:
https://github.com/OFW-COIN/Block Explorer:
http://91.134.243.121:3001/networkWalletsWindows:
https://mega.nz/#F!RKACBIhD!gYckDjxnS8yxgGNEQC6ZXgMac OS:
https://mega.nz/#F!lO4U0BKT!LO6kRPVB0plwGAmBaOjbOALinux:
https://mega.nz/#F!oaZyVIbJ!XTG8XvqCt1y73hjnxFiT6gExchange(s) Yobit.net (When listed) Others to follow......
MINING - Nodes are listed on the website
www.ofwcoin.com
SOCIALFacebook:
www.facebook.com/ofwcoinTwitter:
https://twitter.com/OFW_COINWhitepaper and other information listed at
www.ofwcoin.com