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NeuCoin (NEU)

NEU

NeuCoin is a digital currency that is easy to use, free to try and designed for micro-transactions.

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Website: NeuCoin

Algorithm: N/A
Proof Type: PoS
Fully Premined: no

NeuCoin is a digital currency that is easy to use, free to try and designed for micro-transactions.

NeuCoin was created by an experienced team of entrepreneurs and technologists that previously founded multiple companies with millions of users in the music, gaming and shopping sectors - hundreds of millions of users in total.

NeuCoin’s proof-of-stake design solves the mounting cost and increasing centralization problems faced by proof-of-work systems. In addition, since it doesn’t require awarding all coins to miners, it enables distribution of the cryptocurrency in any way the coin creator deems to have the highest strategic value for the growth and adoption of the coin - a true blank slate.

NeuCoin will be open, accountable and ultimately controlled by coin holders. NeuCoin’s core code development, user growth programs, and projects to increase utility will be supported by three non-profit foundations based in Isle of Man: the Code, Growth and Utility foundations. All foundations are ultimately controlled by NeuCoin holders (1 NeuCoin = 1 vote), who have the power to hire, fire and set compensation for the foundations’ Council Members, and have a right of approval on annual budgets, spending priorities and other matters. This structure makes NeuCoin more decentralized and accountable than Bitcoin, Ripple or Stellar, let alone most of the anonymous alt coins out there.

Three billion pre-mine allocation:

- 2.4 billion held by the three non-profit foundations

-  - 0.2 billion - Code foundation

-  - 1.4 billion - Growth foundation

-  - 0.8 billion - Utility foundation

- 0.2 billion retained by team for $1 million of work invested (restricted for use or sale)

- 0.1 billion sold to initial seed investors for $250,000 (restricted for use or sale)

- 0.2 billion sold to strategic angel investors for $1 million cash invested (restricted for use or sale)

- 0.1 billion pre-sold to users in the crypto-community for BTC 4,012 (unrestricted for use or sale)

NeuCoin whitepaper