KCN
No. 1241Price
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- Coin Introduction
Project introduction
Kylacoin stands as a multifaceted blockchain ecosystem, boasting a robust store of value, and actively fostering scalability and interoperability within its framework.
Starting from block height 494000, which commenced on March 7th, 2023, only a 10% developer fee is applied to mined blocks.
The developer fee serves to support various aspects of development, including enhancing liquidity, covering server expenses, conducting blockchain analysis, and facilitating future listings.
Token application and distribution
Token application:
- Mining
- Transaction fee
- Developer fee
Token distribution:
Kylacoin has the maximum supply of 21,000 coins for the lifetime of the project. After we reach the
maximum supply, no more coins will be released, and miners will only be rewarded with the fees of the
transactions.
Because the block time is 60 seconds for faster confirmations, we chose to keep the block reward
reasonably low initially at 0.005 KCN, and will be halving every 4 years.
Kylacoin was launched fairly without any premine or ICO; we announced the project a few minutes after
the blockchain started working, on bitcointalk1. Every penny is released through mining.
As of version 1.2.0, we have added a 10 percent developer reward to the blocks, which helps us with the
development of the project, recruiting people, and keeping up the servers.
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