Bitcoin PR Buzz August 2, 2017 11:45 am
Belarus-based blockchain company Hubcoin has announced that it has distributed 300,000 (10%) of the total pre-mined HUB tokens to a chosen group of different altcoin developers. The promotion took place alongside the live Hubcoin ICO.
[Note: This is a press release.]
Hubcoin believes that the launches of fair coins have been successful but that there is still a lot of potential to get more out of their protocol. Influenced by successful premine distribution projects such as NEM and Auroracoin, Hubcoin chose to give away 10% of the platforms HUB tokens to leading blockchain developers of previously established cryptocurrency projects. The company thinks that it would be beneficial for the company in the long run as it would stimulate interest amongst the community.
From the 10% of HUB tokens distributed, 7% was given to the developers of various altcoins that are already in the market. The distribution of HUB tokens was organized in proportion to the respective coins total market capitalization. 2% of the coins were equally distributed between all the altcoin developers currently holding a wallet, block explorer, or topic on the Hubcoin website and 1% is held by the projects lead developer.
Hubcoin has implemented a unique technical code that limits the premine spending for the first year. The use of the allocated Hubcoins by developers is designed to provide sustained motivation for all of the development teams and mitigate against early token dumps.
The project has outlined a number of different milestones from its roadmap that are listed in order of cost:
2 BTC: A coin tracking service like Coinmarketcap or Coinwarz capable of sorting coins by an algorithm and will list new coins much faster.
4 BTC: Hosting for interested altcoin developers for free (limited slots). The service will be extended to non-developers as well, for a small charge. Additional services like website creation, DDOS defense and more will also be provided. Block explorer for coins will be created for those needing it. Premium features and priority coin listing will be available for a fixed Hubcoin payment.
6 BTC: Create Block Explorers for altcoins that dont have one. Coin creators would be able to add their own coins to the service for free. It will support urgent coin additions for a small charge.
8 BTC: Pool creation for all coins requiring the feature. The coin creators will be allowed to add their coins to Hubcoins aforementioned services at no cost (free slots will be limited). Premium features and priority coin listing will be available for fixed HUB payment.
12 BTC: Node maintenance service will be created at this stage. The first three altcoin developers will get this service for free while others who follow will be charged a small HUB token payment.
20 BTC: Desktop and web wallet service will be provided. It will be free for altcoin developers. Premium features will be available for a fixed HUB payment.
30 BTC: Android wallet creation service will be made available for free to altcoin developers. The platform will offer premium features for a fixed HUB payment.
50 BTC: Hubcoin will start offering its own coin creation service, which will be free of charges with a 10% premine share. Those opting coins without premine or custom premine can avail the service by making a fixed HUB payment.
100 BTC: Promotional services for coins will be created enabling facilities like voting to secure more recognition. Other promotional services such as press releases, social media, signature campaigns, advertisement, fakeouts search for investors, etc. will be provided.
200+ BTC: Reviving support for unsuccessful coins will be provided by repairing stuck block chains, connection issues, hard forks, creating websites, adding block-explorers and services, and a full work on the coin. Hubcoin owners will be able to vote by paying Hubcoin and choose coin for reviving.
Saracenis (Topaz coin), Belligerent Fool (BenjiRolls), UsuallyHappens (PartyCoin), PhoenixWarrior333 (FidgetCoin), CryptoWiz420 (Turbostake), findblocks.com(findblocks.com), AtomicProject (Atomic Coin), mbmagnat (Evotion), bumbacoin (BumbaCoin), victoriouscoin(Victoriouscoin), Bzzzum (Deutsche eMark), TrollCoins (TrollCoins), Whitey92d15b7 (GPU Coin), ACP (AnarchistsPrime), OBAViJEST (Doubloon) , soulgate (Virtacoinplus), joshafest (B3Coin), LiftOff1969 (UDOWNcoin), pallas (Cryptonite), vashshawn (corgicoinV2), DreamCrusherFTW (MOZZI), notnormals (InsaneCoin).
Images courtesy of Hubcoin, Shutterstock
- Ether Price Targets $160 as Altcoins Rally and BTC Trades Sideways - Cointelegraph - December 13th, 2019
- Ether Eyes $160 As BTC Oscillates And Altcoins Rally - - CryptoVibes - December 13th, 2019
- Whats the outlook for Litecoin in 2020? - Coin Rivet - December 13th, 2019
- Ethereum Classic is the Top Altcoin in Daily Active Addresses, Heres Why - Coingape - December 13th, 2019
- Nike Shoes and Ethereum? Why Not - Altcoin Buzz - December 13th, 2019
- Top 3 price prediction Bitcoin, Ethereum, Ripple: Altcoin auto-MATIC carnage - FXStreet - December 11th, 2019
- Altcoin Meltdown Intensifies as Tezos, Ravencoin, VeChain Take the Plunge - CCN.com - December 11th, 2019
- Altcoins: Could This Be the End of Tokens? - CoinCodex - December 11th, 2019
- Latest Litecoin price and analysis (LTC to USD) - Coin Rivet - December 11th, 2019
- Bitrefill and Bitfinex Are Now "Partners in Crime" - Business Partnerships - Altcoin Buzz - December 6th, 2019
- Altcoin apocalypse XRP, Bitcoin Cash and ZEC over 90% removed from ATH - Born2Invest - December 5th, 2019
- Which Major Altcoins Will Still Be Top Ranking Long Term? A Historical Review of the Altcoin Market's Past Perhaps Provides Clues Crypto.IQ | Bitcoin... - December 4th, 2019
- XRP Added to Japanese Altcoin Market by BitFlyer - The Coin Republic - December 4th, 2019
- The Worst Is Yet To Come For Altcoin Market Cap - newsBTC - December 2nd, 2019
- Altcoin Apocalypse: The Number of Dying Crypto Currencies Is Rising - newsBTC - December 2nd, 2019
- Altcoin Dominance Steadily Increases While Bitcoin Takes a Dive - BeInCrypto - December 2nd, 2019
- Learn The Basics of Masternode Investments: An Exclusive Interview with Iakov Trevor Levin of Midas - Coinfomania - December 2nd, 2019
- How to Beat Bitcoin With Altcoins (Using the BMJ Crypto Portfolio Optimization Tool) - Bitcoin Market Journal - December 2nd, 2019
- Massively Successful: That is What Electroneum Wants To Be - Spotlight - Altcoin Buzz - November 23rd, 2019
- Google a Threat to Bitcoin? Community Disagrees - Finance and Funding - Altcoin Buzz - November 23rd, 2019
- Heres How Much of Each Major Altcoin Is Owned by Whales - BeInCrypto - November 21st, 2019
- Altcoin Volatility Rising, But Alt Season Wont Arrive Until Bitcoin Volume Returns - newsBTC - November 21st, 2019
- What will it take for a Litecoin bull run in 2020? - Yahoo Finance - November 21st, 2019
- Crypto Analyst: Ethereum, XRP and Altcoins Poised for Major Rally As Bitcoin (BTC) Dominance Drops - The Daily Hodl - November 18th, 2019
- Bye-Bye Bitcoin? Why the Altcoin Bottom is In - newsBTC - November 18th, 2019
- Proof of Stake Creator: Bitcoin Unlikely to Dominate Altcoins in Long Run - Ethereum World News - November 18th, 2019
- Best Bitcoin/Altcoin Wallets For iPhone [2019 Edition] - October 1st, 2019
- Crypto Conundrum: Bullish Bitcoin Price Action Halts Altcoin ... - April 24th, 2019
- Altcoin Season 2019 Thrives: Everex (EVX) Leading Binance ... - April 21st, 2019
- What is an Altcoin? - CCN - February 9th, 2019
- Altcoin Trader South Africa - ice3x Altcoin Exchange ... - February 2nd, 2019
- Altcointrader.co.za Review - Altcoin Trader, Login ... - January 27th, 2019
- Bitcoin History Part 5: A Wild Altcoin Appears - Bitcoin News - January 9th, 2019
- Latest News on Altcoin | Altcoin Breaking News | DC Forecasts - January 9th, 2019
- Altcoin Daily Preview: Tron (TRX) Could Bounce back ... - January 9th, 2019
- Most promising Altcoins and ... - Captain Altcoin - January 8th, 2019
- Altcoin - Investopedia - December 12th, 2018
- GoChain (GO): Here's Why This Altcoin Might $GO All The ... - November 10th, 2018
- Find The Best Bitcoin, Altcoin, or Multi-Cryptocurrency ... - November 10th, 2018
- Altcoins Explained | The Best Altcoin Guide for the Beginning ... - October 3rd, 2018
- Altcoin.io | The cryptocurrency exchange of the future | Wefunder - September 30th, 2018
- Android Bitcoin ~ Altcoin Price Ticker ~ Coin Maker - September 4th, 2018
- 7 Altcoin Exchanges Without KYC & AML - CoinSutra - August 22nd, 2018
- Altcoin News Archives - Ethereum World News - August 7th, 2018
- How to Choose Which Altcoin to Invest In? - Coinidol.com - August 7th, 2018
- Altcoin News | Altcoin News today | Latest Altcoin News - July 27th, 2018
- USING ALTCOIN TRADER - rsainvestments.blogspot.com - June 24th, 2018
- Guide: Compiling an altcoin daemon in Ubuntu Linux ... - May 31st, 2018
- Top 3 Altcoin Trading Exchanges - [Reviews and Ratings] - May 27th, 2018
- PacCoin VPS Masternode Guide AltCoin Guide - May 12th, 2018
- Asian Cryptocurrency Trading Roundup: Top Altcoin is Tron ... - May 10th, 2018
- Alternate Cryptocurrencies aka altcoins r/altcoin - reddit - May 9th, 2018
- Garzik Forks UnitedBitcoin Away from "Maximalists" to Support Altcoin ... - April 13th, 2018
- Bitcoin, Altcoin and Cryptography explained - April 4th, 2018
- ZClassic and the Bitcoin Private fork : altcoin - March 4th, 2018
- Altcoin Trustworthy Decentralized Cryptocurrency Exchange? - March 4th, 2018
- Blockfolio Bitcoin Altcoin App on the App Store - March 4th, 2018
- Morning Asian Altcoin Trading Roundup: the leader is Tron - February 28th, 2018
- Webinar: Bitcoin Overshadowed by Altcoin Surge - Nasdaq.com - February 12th, 2018
- Bitcoin Mine News Bitcoin & Altcoin Mining & Trading News - January 7th, 2018
- Ethereum, Litecoin Prices Headline $20 Billion Altcoin Rally - January 7th, 2018
- What is an Altcoin? - CryptoCurrency Facts - January 4th, 2018
- What is an Altcoin? - ccn.com - December 20th, 2017
- Trading Bitcoin for an Altcoin Won't Shield You From the IRS ... - December 20th, 2017
- Buy or Sell Bitcoin, Litecoin, Altcoin Multi Crypto Currency ... - December 20th, 2017
- Altcoin Exchange Performs First Atomic Swap Between Bitcoin ... - December 6th, 2017
- GitHub - ander7agar/altcoin-rpc: A modern Bitcoin Core REST ... - December 2nd, 2017
- Altcoins - BTCMANAGER - November 28th, 2017
- Markets Update: Bitcoin Bull-Run Primes Altcoin Markets for ... - November 25th, 2017
- Altcoin Exchange, the Decentralized Cryptocurrency Exchange ... - October 17th, 2017
- Altcoin Watchlist | Meet & Learn Cryptocurrencies - October 4th, 2017
- CryptoCurrency Investing: Research and Due-Diligence ... - September 6th, 2017
- ATC Coin Review: ATCC altcoin with massively inflated ... - September 5th, 2017
- JRM Altcoin Update - Quit chasing the headlines! - YouTube - September 4th, 2017
- Bitcoin Cash Statistics Confirm BCH is Just Another Altcoin - Live Bitcoin News - September 2nd, 2017
- Which Altcoins to Buy This Week? (31st of August, 2017) - Live Bitcoin News - September 1st, 2017
- OpenBazaar Developers May Introduce Altcoin Support in the Near Future - The Merkle - August 27th, 2017
- Exante launches XAI, the world's first altcoin fund - GlobeNewswire (press release) - August 25th, 2017
- ALTCOIN | Bitcoin Insider - August 23rd, 2017
- Altcoin Forum - Alternative Cryptocurrecies Location - August 23rd, 2017