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Octanox (OTX)

OTX

Octanox is decentralized open source cryptocurrency with x11 algorithm and using POW and POS hybrid systems.

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Website: Octanox

Algorithm: X11
Proof Type: Hybrid (POS/POW)
Fully Premined: no

Octanox is decentralized open source cryptocurrency with x11 algorithm and using POW and POS hybrid systems. They founded in April 2017 and aim to release a suite of 6 products over the following 6 months. MiddleX, OctaGUI, OTXPay, SmartWeb Wallet, OctaneX and Octalk. The miners will be able to earn about 0.8 Octanox per transaction fees and blocked mined. And in every ten million blocks, that reward will reduce until Octanox gets a point where the fess of the transaction is enough to sustain its miners. Meanwhile, the reward of POS system or proof of stake mining will be given to those who have a large of Octanox. The more Octanox you have, your earnings will be bigger through POS system.