Latium is the first Crypto Currency to utilize a non-technical deployment network. Latium cannot be mined, but can be acquired simply by signing up. There is no catch: you sign up, you get coins. Every new user that registers on the site is credited 5 Latium for signing up. Additional Latium can be acquired by referring others to claim their free Latium.
Latium is based on Proof Of Stake instead of Proof of Work. No mining is required to maintain the network. Every person that holds Latium is able to place coins at stake and is paid interest for doing so. This dramatically reduces the resources required to maintain the network.
– Coin Symbol: LAT
– Block Time: 150 Seconds
– Coinstake Maturity: 48 Blocks
– Interest Rate: 50%
– Transaction Fee: 0.01 LAT
– Minimum Stake age: 6 Hours
– Total Coins: 105,000,000,000