|Cryptonight ASIC||@ 240000 h/s||DAY
Newton mining pools
Algorithm pow: cryptonight
Maximum coin supply: ~184.47 Billion
Block target time: 120 seconds
Transaction fee: 0.001 NCP
First block: 2018/03/07-11:00:00 pm
Pre-mining: 1% (mined on low difficulty)
Total supply & pre-mining
Total coin supply is 184 Billion coins. 1% of the total supply was premined, of which 600 Million were sold to pay the initial exchange listing fees. Another 200 Million were reserved for bounties in order to engage our community and spread awareness of Newton Coin Project.
The remaining 1.04 Billion is being used exclusively for the project's development expenses such as: PR/Marketing, community projects (web app), and the monthly costs of running servers. Due to the fact that numerous research projects could be funded simultaneously, large sums could possibly be tied up for periods of time. Some people also like to accumulate coins as an investment. Over time, as with other crypto projects, some coins get lost and are not recoverable. We wanted to make sure there was enough supply so that the community at large still had access to NCP.
What is Newton Coin Project about and why should you get involved
Newton Coin Project was created to help fund research and development projects in the medical and renewable energy fields. It is no secret that many important medical research projects in the world are underfunded or completely lack funding altogether. Our mission with Newton Project is to change that.
We believe that through our commitment to helping fund these projects, we can aid in potentially finding cures for many diseases that still plague humanity. However, that is just one area of research we intend on focusing on. Newton Coin Project is also looking to fund research and development of newer more compact designs of renewable energy production systems. Many communities in under developed countries would greatly benefit from low cost renewable energy projects.
Because Newton Coin is a crypto project, Newton will fund scientific research that supports Newton Coin and the community. One of our goals is to make Newton Coin the primary crypto payment system in the medical and renewable energy research fields. The success of our project means the ability to make important changes in the world. Ultimately, in order for this to happen, we need YOU, to help us achieve our goal.
What other ways does Newton Coin Project contribute
Newton Coin Project started by contributing computing resources to the [email protected] distributed computing Project for protein structure prediction. The Rosetta Project is on the Berkley Open Infrastructure for Network Computing (BOINC) platform, run by the Baker laboratory at the University of Washington.
[email protected] uses idle computer processing resources from volunteer’ computers to perform calculations on individual work units to cure diseases, study global warming, discover pulsars, and do many other types of scientific research.
How does Newton Coin Project plan to fund projects
Funding will come from various sources:
- Participating pools will contribute 1% of pool fee
- Official pool will contribute 50% of pool rewards
- Donations from individuals
- NCP Freelance website will contribute a percentage from listing fees
- Royalties/shares and/or paybacks from projects that choose to give back to Newton Project
NCP community consists of 4 levels
The most important factor is our community. This is made up of members from all our threads, channels and groups, in a range of social media platforms
Development Core Team
These are the developers that created the Newton Coin Project core. Any team brought on afterwards will work under these lead developers.
Loosely titled "development" however, these are the people that work as administrators or behind the scene, writing articles, web development, communications with exchanges/social media, marketing and a range of research.
Is made up of dev's, administrators/moderators and active members that help the Newton Project to grow, by funding exchanges, donating to the science wallet, participating and contributing to new ideas and marketing that will move Newton Project ahead.
Development core and development team will choose members from the Community according to their level of participation. Members of the Super Community have the right to send proposals, vote on key issues as well as earn rewards.
All Super Community discussions are done in the NCP Community Forum (by invite).