The Kreds currency will be used by our team to create an ecosystem of world utility, action-based reward, and currency within several media and news websites.
To satisfy the enjoyment of subscribers and users of our sites, small amounts of Kreds will be awarded to users for engaging in certain actions and content. Once an established market and exchange is reached, Kreds currency will then be added for subscription payment for business services and more.
PoW Algorithm: Lyra2REv2
Block Time: ~120 seconds
Block Max Size: 4MB
Difficulty Retargeting: New D106 Algorithm
Block Reward: 112.5 KREDS
Block Reward Decrease: 1.5% Every 6 month
Coin Maturity: 50 blocks
Maximum Coin Supply: 1.1 Billion
Lightning Network: Compatible
Atomic Swaps: Compatible
MN Colateral: 100000 KREDS
MN Payments Start Block: 15000
MN Reward: 50% of block reward
Breakdown in coin count:
Site action rewards= 553300000
Airdrop = 49500000
The Kreds premine is intended to be used on content sites and other related projects where Kreds will be used as a currency to monetize participation; the intended distribution is detailed in the diagram below. Funds with a closed lock are in cold storage and will only be accessed when the intended project is launched. Services funds are securely stored and will only be accessed when required to pay for services directly related to the project. Janus Airdrop funds have been distributed and are currently available for use by their owners. In essence this means that at this point from the 600M premine, 50M Kreds are available to the market with remaining coins are in storage and reserved for future use.
A spreadsheet containing the individual holding addresses can be found here.
Note: the amounts mentioned do not include Kreds created as mining and masternode rewards.
KrediblePolitics.com is our first content aggregation site. It scrapes news from various news sites and places them into a categorized listing. On each detailed story view registered users have the option to like and comment on the story.
The KREDS earnings model used on the site tops-up the users' balance every day: each action the user takes, such as liking a story, costs a certain amount of KREDS; if a users' comment or tag proposal is liked, he earns a certain number of KREDS.
The basic premise is that positive and constructive user contributions are rewarded and that trolling is minimized since each user action carries a cost. The site is currently in Beta and full withdraw and deposit functionalities will be added in the near future at which point a real world marketing campaign will be launched to drive user growth.
- Please take a look at our address setup guide.
- Please take a look at 'How to setup Kreds masternode on VPS - Rookie Guide' or our MN setup guide.
- Please take a look at our guide here.
- Please follow our guide. Start from "Install Addons" section.