At the beginning of the year, bitcoin had 90% of the cryptocurrency market share. As we near the end of 2017, the altcoin market has wrested 40% of market share from bitcoin. Throughout the year, a smorgasbord of altcoins have been introduced and the altcoin tally currently stands at 1344.
We can now add another altcoin into the fray, Ititanium Coin (ITC). Built by a team of developers from London, ITC is a secure and energy efficient PoW/PoS coin. It uses a faster POW distribution mechanism to distribute the initial coins. After the first 10000 blocks, it is transferred to a PoS protocol where the generation of coins is mainly through PoS.
Ititanium Coin was created to not only combine all the best technical advantages within existent digital currencies, but also to develop greater technical features which bring additional benefits to both consumers and service providers.
Ititanium network has no central servers. Data is distributed across nodes with redundancy and context based dynamic encryption. The storage server is decentralized and distributed-divided into various servers run by each user connected to the network.
An array of wallets for desktop, iOS, Android, and web applications with all necessary features for the comfortable daily use of the cryptocurrency and do not require much storage space.
Based on a PoW/PoS protocol, the Ititanium network is secure and decentralized in all aspects.
Only 39 million ITC will ever exist, meaning that ITC is a deflationary currency.
Low fees And Instant Transactions
ITC's PoS algorithm processes the transactions at least two times faster than conventional PoW currencies.
Under the PoS consensus protocol, users of the network stake their coins, which is used to validate transactions.
Users can buy ITC, hold it in their wallet and stake their ITC coins to generate interest. All that is required is to start generating interest is holding coins in an ITC wallet for a minimum of 15 days. ITC has interest-bearing potential of upto 100% per year. The interest is generated on users' staking balance as reward for securing the network. Coin staking can be terminated at any time, retaining interest generated up to that point.
- Coin name and ticker – Ititanium coin, ITC
- Hashing algorithm – Scrypt
- Consensus protocol – PoW/PoS
- Block reward – 75 ITC
- Block maturity – 20 blocks
- Total supply – 38414634 ITC
- Premine – 18%(6914634 ITC)
Burning ITC Model
Instead of profit-sharing or buyback scheme, ITC uses revolutionary burning model which makes it less volatile, ensures constant demand and controllable price of the services within the ecosystem.
Ititanium Coin Crowdsale
Crowd sale is planned to last only a month and a half, from December the 15th 2017 to January the 31st 2018. However it may end sooner if 6.9 million ITC is sold out and ITC achieves its target early.
ITitanium Coin will be activated on December the 15th 2017 via its ICO. ITC will distribute 6.9 million ITC Coins. Ititanium ICO will launch on Livecoin exchange. After completion of ICO, ITC will also be listed on Cryptopia, YoBit and CoinExchange.