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Increasing of sociability of cryptocurrency
At the present time, many cryptocurrencies serve only one purpose: to transact. This is a very narrow-minded approach to the true value of cryptocurrencies. This reduction in the utility of cryptocurrencies is something that KingsCoin aims to solve with this coin, KGS. Project wants to increase the sociability of cryptocurrency, and thus increase the size of the audience able to use it.
Cryptocurrencies should not just be used in the finance industry and they have more utility than just easy transactions. Cryptocurrencies should be an instrument for anyone to use. That’s why this project puts a business behind this coin to attract people who want a secure, fast, and easy coin for transactions as well as a legitimate investment opportunity.
KingsCoin project is happy to present its flagship products: Translation Services, Dubbing Services, and Voice-Over services.
SuperBlock System KingsCoin uses a SuperBlock system that pays out once a month. SuperBlock has an increased difficulty that requires more time to mine control the volume of KingsCoin on exchange platforms, which also helps prevent pump and dump.
Board of Trustees of True Riches KingsCoin also plans to get investors, known as the Board of Trustees of True Riches, who hold a large amount of KGS to control pump and dump by stabilizing the overall coin price. When KGS coins are dumped, the board of trustees readily buys over the coins, so that the coins are held by a board of trustees, instead of letting the coins switch hands to individuals who we do not know nor trust. The coin switch minimizes dumping impacts and controls coin inflation, ensuring that our coin value is consistently on the rise.
Treasury System The Treasury System holds a wallet funded by our network. At the end of every month, 5% of coins mined at each month will be allocated to the Treasury wallet. Project funds to implement plans of expansion work on the basis of a general consensus. Projects proposed, either by our team or individual Masternode owner, complete with its budgetary requirements will be viewed and voted with a Yes or No. Each Masternode owner gets one vote. The Treasury fund may also be used to donate to charitable causes and natural disaster needs. A project that obtains the majority vote of approval from our network then gets its fund from the Treasury wallet at the next SuperBlock (in the next month).
Features of KingsCoin
Masternodes play an important part of the KGS network. A masternode network is the second layer of the KGS network that donates processing power to confirm transactions instantly utilizing the SwiftTx technology inherited from PIVX.
A masternode network is the second layer of the KGS network that donates processing power to confirm transactions instantly utilizing the SwiftTx technology inherited from PIVX.
Recently KingsCoin has been added to MNROI platform, that monitors and gives statistics on MN performance, estimates revenues. This platform has also notification system on your email or you can use their Android App.
Every investor wants to know what they are investing in and what their return will be. Project cares about investors and understands that people react to incentives.
Dev team has conducted extensive calculations and simulations to determine an inflation target. This ensures that KGS does not experience devaluation through inflation.
According to the concept of the project, the remuneration for the block will be distributed as it was carefully calculated by our expert to avoid inflations.
Block time: 150 sec
Difficulty retargeting: every block
Max coin supply (PoW phase): 1 200 000 KGS
Max coin supply (PoS phase): 25 000 000 KGS
Premine: 1 200 000 KGS
MN collateral: 20 000 KGS
This timeline details the project’s funding and development goals.
New Blockchain Starts
Website and wallet launch
Kingspospool (Trial Run)
Launch Mobile Wallet
Integrating coin with local merchants
Paul Smith CEO
Discord ID: paulsmith#0243
James – 1st Dev
Discord ID: zabtc#7647
Al Amin – 2nd Dev
Discord ID: alamin#7118
Danis – 3rd Pool Dev
Discord ID: Kingspool#1156
Jeffrey Scott – Advisor 1
Discord ID: JeffreyScott#5807
Master – william – Advisor 2
Discord ID: masterwilliam#9457