NeuCoin: Difference between revisions
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The NeuCoin team consisted of Daniel Kaufman, Johan Sandstorm, Ophélie Pubellier, Scott Walker, and Sandrine Ayral.<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=285987826|title=NeuCoin: Private Company Information - Bloomberg|website=www.bloomberg.com|access-date=2018-05-20}}</ref> |
The NeuCoin team consisted of Daniel Kaufman, Johan Sandstorm, Ophélie Pubellier, Scott Walker, and Sandrine Ayral.<ref>{{Cite web|url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=285987826|title=NeuCoin: Private Company Information - Bloomberg|website=www.bloomberg.com|access-date=2018-05-20}}</ref> |
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The currency was launched on September 23, 2015. The currency had a team of ten founders of backgrounds in various industries, as well as a million dollars in investment from angel investors.<ref>{{Cite web|title = NeuCoin Is A Bitcoin Alternative Designed For Microtransactions|url = https://techcrunch.com/2015/02/03/neucoin-is-a-new-cryptocurrency-designed-for-microtransactions/|website = TechCrunch|access-date = 2016-02-06|first = Romain|last = Dillet |
The currency was launched on September 23, 2015. The currency had a team of ten founders of backgrounds in various industries, as well as a million dollars in investment from angel investors.<ref>{{Cite web|title = NeuCoin Is A Bitcoin Alternative Designed For Microtransactions|url = https://techcrunch.com/2015/02/03/neucoin-is-a-new-cryptocurrency-designed-for-microtransactions/|website = TechCrunch|access-date = 2016-02-06|first = Romain|last = Dillet}}</ref> In December 2015, NeuCoin launched a tipping platform on the internet radio service [[Jango (website)|Jango]] and a Facebook game called Solitaire Racer. In September 2016, NeuCoin launched a second Facebook game called SongQuest. |
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On 25 November 2016, NeuCoin announced that its Foundation would "cease supporting NeuCoin services, destroy its remaining coins and dissolve itself". The money raised from retail investors was not returned.<ref>[http://blog.neucoin.org/post/153643496591/neucoin-project-update-foundation-to-cease NeuCoin official blog] November 25, 2016</ref><ref>{{Cite news|url=http://www.newsbtc.com/2016/11/26/utter-failure-neucoin-forces-foundation-shut/|title=The Utter Failure of NeuCoin Forces Foundation To Shut It Down|date=2016-11-26|work=NEWSBTC|access-date=2017-09-15|language=en-US}}</ref> |
On 25 November 2016, NeuCoin announced that its Foundation would "cease supporting NeuCoin services, destroy its remaining coins and dissolve itself". The money raised from retail investors was not returned.<ref>[http://blog.neucoin.org/post/153643496591/neucoin-project-update-foundation-to-cease NeuCoin official blog] November 25, 2016</ref><ref>{{Cite news|url=http://www.newsbtc.com/2016/11/26/utter-failure-neucoin-forces-foundation-shut/|title=The Utter Failure of NeuCoin Forces Foundation To Shut It Down|date=2016-11-26|work=NEWSBTC|access-date=2017-09-15|language=en-US}}</ref> |
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== Features == |
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== What was NeuCoin ?<ref>{{Cite web|title = NeuCoin - Strategic Plan|url = http://www.neucoin.org/en/wiki/#foundations|website = www.neucoin.org|accessdate = 2015-10-24}}</ref> == |
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A decentralized cryptocurrency designed for online microtransactions |
A decentralized cryptocurrency designed for online microtransactions |
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* easy and useful for regular consumers |
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* free to get started with close to zero friction |
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* distributed to all who grow its value and utility |
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* developing tangible utility over traditional currencies by creating platforms for online microtransactions |
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* secure, efficient and decentralized in the long-run based on an innovative proof-of-stake technology |
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* supported by a well-funded non-profit foundation dedicated to maximizing its utility |
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* founded by a team who have launched multiple consumer services with millions of users |
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* backed by highly accomplished strategic angel investors |
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* $2.25 million in initial funding |
* $2.25 million in initial funding |
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* 100 million NeuCoin tokens presold to future users for 4,012 Bitcoins |
* 100 million NeuCoin tokens presold to future users for 4,012 Bitcoins |
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* launched in September 2015 |
* launched in September 2015 |
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* first consumer applications launched in December 2015: the [https://apps.facebook.com/solitaire-racer/ Solitaire Racer] game on Facebook and an artist tipping platform on [[Jango (website)|Jango Internet Radio]],<ref name=":0">{{Cite web|title = NeuCoin Makes Moves With Facebook Game and Tipping Platform Launch - Bitcoinist.net|url = http://bitcoinist.net/neucoin-makes-moves-with-facebook-game-and-tipping-platform-launch/|website = Bitcoinist.net|access-date = 2016-02-06|language = en-US}}</ref><ref name=":1">{{Cite web|title = NeuCoin Integrated Into Music Streaming App Jango - Coinjournal|url = http://coinjournal.net/neucoin-integrated-into-music-streaming-app-jango/|website = Coinjournal|access-date = 2016-02-06|language = en-US|first = Ian|last = Demartino}}</ref> |
* first consumer applications launched in December 2015: the [https://apps.facebook.com/solitaire-racer/ Solitaire Racer] game on Facebook and an artist tipping platform on [[Jango (website)|Jango Internet Radio]],<ref name=":0">{{Cite web|title = NeuCoin Makes Moves With Facebook Game and Tipping Platform Launch - Bitcoinist.net|url = http://bitcoinist.net/neucoin-makes-moves-with-facebook-game-and-tipping-platform-launch/|website = Bitcoinist.net|access-date = 2016-02-06|language = en-US}}</ref><ref name=":1">{{Cite web|title = NeuCoin Integrated Into Music Streaming App Jango - Coinjournal|url = http://coinjournal.net/neucoin-integrated-into-music-streaming-app-jango/|website = Coinjournal|access-date = 2016-02-06|language = en-US|first = Ian|last = Demartino}}</ref> |
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* second Facebook game, [https://apps.facebook.com/song-quest/ SongQuest], launched in September 2016 |
* second Facebook game, [https://apps.facebook.com/song-quest/ SongQuest], launched in September 2016<ref>{{cite news|last1=Buntinx|first1=JP|title=The Utter Failure of NeuCoin Forces Foundation To Shut It Down|url=http://www.newsbtc.com/2016/11/26/utter-failure-neucoin-forces-foundation-shut/|accessdate=12 September 2017|publisher=NEWSBTC Bitcoin News Service|date=Nov 26, 2016}}</ref> |
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==History== |
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== Strategic Plan == |
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The company described its plan as follows: |
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In December 2015, NeuCoin launched a tipping platform for emerging artists on the internet radio service [[Jango (website)|Jango]] and a NeuCoin-integrated Facebook game called [https://apps.facebook.com/solitaire-racer/ Solitaire Racer].<ref name=":0" /><ref name=":1" /> On January 18, NeuCoin announced that Solitaire Racer and Jango had acquired over 50,000 NeuCoin users in their first 4 weeks and were growing by more than 1,000 users a day.<ref>{{Cite web|title = NeuCoin Reports Successful Start to Initial Applications {{!}} allcoinsnews.com|url = http://allcoinsnews.com/2016/01/20/neucoin-reports-successful-start-to-initial-applications/|website = allcoinsnews.com|access-date = 2016-02-06}}</ref> On March 11, 2016, NeuCoin announced that Solitaire Racer and Jango had acquired over 275,000 NeuCoin users, growing by 8,000 users a day.<ref>{{Cite web|url=https://www.cryptocoinsnews.com/neucoin-gaining-8000-users-a-day-will-halve-supply-to-a-billion-coins/|title=NeuCoin Gaining 8,000 Users a Day; Will Halve Supply to a Billion Coins - CCN: Financial Bitcoin & Cryptocurrency News|website=CCN: Financial Bitcoin & Cryptocurrency News|language=en-US|access-date=2016-03-17}}</ref><ref>{{Cite web|url=http://www.nasdaq.com/article/neucoin-reaches-275000-users-after-launch-of-facebook-game-and-jango-radio-cm594540|title=NeuCoin Reaches 275,000 Users After Launch of Facebook Game and Jango Radio|website=NASDAQ.com|access-date=2016-03-17}}</ref><ref>{{Cite web|url=http://www.newsbtc.com/2016/03/17/neucoin-performing-better-than-its-own-forecasts-changes-announced/|title=NeuCoin Performing Better than Its Own Forecasts, Changes Announced|last=Gautham|first=Author|website=NEWSBTC|access-date=2016-03-17}}</ref> In September 2016, NeuCoin launched a second NeuCoin-integrated game on Facebook called [https://apps.facebook.com/song-quest/ SongQuest] |
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Foundation will pay large bounties to integrate with service providers that make it more useful: game publishers and premium digital content providers (#1 priority) exchanges (#2 priority, in all geographic markets), payment processors, [[cryptocurrency wallet|cryptocurrency wallets]], and international remittance providers.<ref>{{Cite web|title = NeuCoin - Strategic Plan|url = http://www.neucoin.org/en/wiki/#strategy|website = www.neucoin.org|accessdate = 2015-10-24}}</ref> The foundation will also distribute small amounts of NeuCoins for free to large numbers of consumers to try it out "in exchange for consumers engaging with, trying out, and learning about NeuCoin" citing a “freemium,” user acquisition strategy.<ref>{{Cite web|title = NeuCoin - Strategic Plan|url = http://www.neucoin.org/en/wiki/#distribution-plan|website = www.neucoin.org|accessdate = 2015-10-25}}</ref> |
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On March 14, 2016, NeuCoin announced that the NeuCoin foundation's holdings would be cut from 3.2 billion coins to 1 billion coins by destroying 2.2 billion coins, and that a revised mining participation forecast put expected total coin supply in 10 years at 10 billion rather than 100 billion as previously projected.<ref>{{Cite web|url=https://www.cryptocoinsnews.com/neucoin-gaining-8000-users-a-day-will-halve-supply-to-a-billion-coins/|title=NeuCoin Gaining 8,000 Users a Day; Will Halve Supply to a Billion Coins - CCN: Financial Bitcoin & Cryptocurrency News|website=CCN: Financial Bitcoin & Cryptocurrency News|language=en-US|access-date=2016-03-17}}</ref><ref>{{Cite web|url=http://allcoinsnews.com/2016/03/15/neucoin-to-destroy-50-of-coin-supply-2-2b-coins/|title=Neucoin to Destroy 50% of Coin Supply, 2.2B Coins {{!}} allcoinsnews.com|website=allcoinsnews.com|access-date=2016-03-17}}</ref><ref>{{Cite web|url=http://www.nasdaq.com/article/neucoin-reaches-275000-users-after-launch-of-facebook-game-and-jango-radio-cm594540|title=NeuCoin Reaches 275,000 Users After Launch of Facebook Game and Jango Radio|website=NASDAQ.com|access-date=2016-03-17}}</ref> |
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== Proof of Work or Proof of Stake ? == |
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The company described its business model as follows: |
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NeuCoin uses an innovative PoS model with high minting awards. Over the first 10 years, the supply of NeuCoin tokens will grow from the 3 billion pre-mine (held by the NeuCoin Foundation) to approximately 100 billion – with the vast majority of the growth coming from PoS awards.<ref>{{Cite web|title = NeuCoin - Strategic Plan|url = http://www.neucoin.org/en/wiki/#pow-amp-pos|website = www.neucoin.org|accessdate = 2015-10-24}}</ref> PoW is for year one, as 5 millions Neucoin per month.<ref name="NeuCoin POS Award Rates">{{Cite web|title = NeuCoin POS Award Rates|url = http://forum.neucoin.org/t/neucoin-pos-award-rates/1479|website = NeuCoin Forum|accessdate = 2015-10-24}}</ref> On March 14, 2016, NeuCoin announced that the NeuCoin foundation's holdings would be cut from 3.2 billion coins to 1 billion coins by destroying 2.2 billion coins, and that a revised mining pareticipation forecast put expected total coin supply in 10 years at 10 billion rather than 100 billion as previously projected.<ref>{{Cite web|url=http://blog.neucoin.org/post/141053866351/neucoin-to-eliminate-50-of-coin-supply-and|title=NeuCoin to eliminate 50% of coin supply and complete consumer distribution within three years|website=blog.neucoin.org|access-date=2016-03-17}}</ref><ref>{{Cite web|url=https://www.cryptocoinsnews.com/neucoin-gaining-8000-users-a-day-will-halve-supply-to-a-billion-coins/|title=NeuCoin Gaining 8,000 Users a Day; Will Halve Supply to a Billion Coins - CCN: Financial Bitcoin & Cryptocurrency News|website=CCN: Financial Bitcoin & Cryptocurrency News|language=en-US|access-date=2016-03-17}}</ref><ref>{{Cite web|url=http://allcoinsnews.com/2016/03/15/neucoin-to-destroy-50-of-coin-supply-2-2b-coins/|title=Neucoin to Destroy 50% of Coin Supply, 2.2B Coins {{!}} allcoinsnews.com|website=allcoinsnews.com|access-date=2016-03-17}}</ref><ref>{{Cite web|url=http://www.nasdaq.com/article/neucoin-reaches-275000-users-after-launch-of-facebook-game-and-jango-radio-cm594540|title=NeuCoin Reaches 275,000 Users After Launch of Facebook Game and Jango Radio|website=NASDAQ.com|access-date=2016-03-17}}</ref> |
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Neucoin PoS rewards over time :<ref name="NeuCoin POS Award Rates"/> |
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{| class="wikitable" |
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!Month |
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!Block height |
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!Annual rate |
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|- |
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|1 |
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|0 |
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|100.00% |
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|- |
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|2 |
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|43836 |
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|97.54% |
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|- |
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|3 |
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|87672 |
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|95.93% |
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|- |
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|4 |
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|131508 |
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|94.35% |
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|- |
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|5 |
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|175344 |
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|92.78% |
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|- |
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|6 |
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|219180 |
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|91.24% |
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|- |
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|7 |
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|263013 |
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|89.72% |
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|- |
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|8 |
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|306852 |
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|88.23% |
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|- |
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|9 |
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|350688 |
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|86.75% |
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|- |
|||
|10 |
|||
|394524 |
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|85.30% |
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|- |
|||
|11 |
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|438360 |
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|83.86% |
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|- |
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|12 |
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|482196 |
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|82.45% |
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|- |
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|24 |
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|1008228 |
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|67.02% |
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|- |
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|36 |
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|1534260 |
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|54.06% |
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|- |
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|48 |
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|2060292 |
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|43.18% |
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|- |
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|60 |
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|2582324 |
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|34.04% |
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|- |
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|72 |
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|3112356 |
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|26.36% |
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|- |
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|84 |
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|3638388 |
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|19.92% |
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|- |
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|96 |
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|4164420 |
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|14.50% |
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|- |
|||
|108 |
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|4690452 |
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|9.96% |
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|- |
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|120 |
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|5216484 |
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|6.00% |
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|} |
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NeuCoin block time is 1 minute, primarily to benefit users who appreciate one relatively quick (though not very reliable) confirmation for transaction processing. In addition, having a shorter block time does increase security for some types of attacks.<ref>{{Cite web|title = NeuCoin - White Paper|url = http://www.neucoin.org/en/whitepaper/|website = www.neucoin.org|accessdate = 2015-10-24}}</ref> |
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== See also == |
== See also == |
Revision as of 19:04, 13 November 2018
An editor has nominated this article for deletion. You are welcome to participate in the deletion discussion, which will decide whether or not to retain it. |
Initial release | September 23, 2015 |
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Stable release | 1.1.1
/ October 22, 2015 |
Available in | Cryptocurrency |
License | MIT Licence |
Website | www |
NeuCoin was a Paris-based cryptocurrency announced in February 2015 by Daniel Kaufman.[1] It is a fork from Peercoin[2] and is thus a proof-of-stake (POS) coin that pays interest as it is staked. Neucoin was pitched to investors as a solution developed for the market of micropayments.[3] NeuCoin raised $1.25 million from venture capital and angel funds.[1][4] The project further raised 4,012 Bitcoin from retail investors in an ICO.[5][6]
The NeuCoin team consisted of Daniel Kaufman, Johan Sandstorm, Ophélie Pubellier, Scott Walker, and Sandrine Ayral.[7]
The currency was launched on September 23, 2015. The currency had a team of ten founders of backgrounds in various industries, as well as a million dollars in investment from angel investors.[8] In December 2015, NeuCoin launched a tipping platform on the internet radio service Jango and a Facebook game called Solitaire Racer. In September 2016, NeuCoin launched a second Facebook game called SongQuest.
On 25 November 2016, NeuCoin announced that its Foundation would "cease supporting NeuCoin services, destroy its remaining coins and dissolve itself". The money raised from retail investors was not returned.[9][10]
Features
A decentralized cryptocurrency designed for online microtransactions
- $2.25 million in initial funding
- 100 million NeuCoin tokens presold to future users for 4,012 Bitcoins
- launched in September 2015
- first consumer applications launched in December 2015: the Solitaire Racer game on Facebook and an artist tipping platform on Jango Internet Radio,[11][12]
- second Facebook game, SongQuest, launched in September 2016[13]
History
In December 2015, NeuCoin launched a tipping platform for emerging artists on the internet radio service Jango and a NeuCoin-integrated Facebook game called Solitaire Racer.[11][12] On January 18, NeuCoin announced that Solitaire Racer and Jango had acquired over 50,000 NeuCoin users in their first 4 weeks and were growing by more than 1,000 users a day.[14] On March 11, 2016, NeuCoin announced that Solitaire Racer and Jango had acquired over 275,000 NeuCoin users, growing by 8,000 users a day.[15][16][17] In September 2016, NeuCoin launched a second NeuCoin-integrated game on Facebook called SongQuest
On March 14, 2016, NeuCoin announced that the NeuCoin foundation's holdings would be cut from 3.2 billion coins to 1 billion coins by destroying 2.2 billion coins, and that a revised mining participation forecast put expected total coin supply in 10 years at 10 billion rather than 100 billion as previously projected.[18][19][20]
See also
References
- ^ a b Dillet, Romain. "NeuCoin Is A Bitcoin Alternative Designed For Microtransactions". TechCrunch. Retrieved 2017-09-15.
- ^ "NeuCoin Whitepaper Outlines the Math Needed for Proof-of-Stake to go Mainstream". CoinTelegraph. Retrieved 2015-10-29.
- ^ "Neucoin – Convenient and Fast Cryptocurrency". Cointelegraph. 28 January 2016.
- ^ "Uber, Hotwire Execs Invest $2.25 Million in ChangeTip Competitor NeuCoin". CoinDesk. 2015-02-03. Retrieved 2018-05-20.
- ^ "NeuCoin (NEU) - Distributed to all who grow utility and value". CryptoCompare. Retrieved 2018-05-20.
- ^ "'Neucoin Will Have More Consumers Using It Than Bitcoin within One Year' - Founder". Cointelegraph. 2015-10-07. Retrieved 2018-05-20.
- ^ "NeuCoin: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2018-05-20.
- ^ Dillet, Romain. "NeuCoin Is A Bitcoin Alternative Designed For Microtransactions". TechCrunch. Retrieved 2016-02-06.
- ^ NeuCoin official blog November 25, 2016
- ^ "The Utter Failure of NeuCoin Forces Foundation To Shut It Down". NEWSBTC. 2016-11-26. Retrieved 2017-09-15.
- ^ a b "NeuCoin Makes Moves With Facebook Game and Tipping Platform Launch - Bitcoinist.net". Bitcoinist.net. Retrieved 2016-02-06.
- ^ a b Demartino, Ian. "NeuCoin Integrated Into Music Streaming App Jango - Coinjournal". Coinjournal. Retrieved 2016-02-06.
- ^ Buntinx, JP (Nov 26, 2016). "The Utter Failure of NeuCoin Forces Foundation To Shut It Down". NEWSBTC Bitcoin News Service. Retrieved 12 September 2017.
- ^ "NeuCoin Reports Successful Start to Initial Applications | allcoinsnews.com". allcoinsnews.com. Retrieved 2016-02-06.
- ^ "NeuCoin Gaining 8,000 Users a Day; Will Halve Supply to a Billion Coins - CCN: Financial Bitcoin & Cryptocurrency News". CCN: Financial Bitcoin & Cryptocurrency News. Retrieved 2016-03-17.
- ^ "NeuCoin Reaches 275,000 Users After Launch of Facebook Game and Jango Radio". NASDAQ.com. Retrieved 2016-03-17.
- ^ Gautham, Author. "NeuCoin Performing Better than Its Own Forecasts, Changes Announced". NEWSBTC. Retrieved 2016-03-17.
{{cite web}}
:|first=
has generic name (help) - ^ "NeuCoin Gaining 8,000 Users a Day; Will Halve Supply to a Billion Coins - CCN: Financial Bitcoin & Cryptocurrency News". CCN: Financial Bitcoin & Cryptocurrency News. Retrieved 2016-03-17.
- ^ "Neucoin to Destroy 50% of Coin Supply, 2.2B Coins | allcoinsnews.com". allcoinsnews.com. Retrieved 2016-03-17.
- ^ "NeuCoin Reaches 275,000 Users After Launch of Facebook Game and Jango Radio". NASDAQ.com. Retrieved 2016-03-17.
- Young, Joseph (2016-03-17). "NeuCoin Reaches 275,000 Users After Launch of Facebook Game and Jango Radio" NASDAQ.com/Bitcoin Magazine.
- Maras, Elliot (2016-03-17). "NeuCoin Gaining 8,000 Users a Day; Will Halve Supply to a Billion Coins". CryptoCoinsNews.
- Demartino, Ian (2016-02-06). "NeuCoin Integrated Into Music Streaming App Jango". Coinjournal. http://coinjournal.net/neucoin-integrated-into-music-streaming-app-jango/
- Dillet, Romain (2015-02-03). "NeuCoin Is A Bitcoin Alternative Designed For Microtransactions". TechCrunch. Archived from the original on 2015-04-09. Retrieved 2015-04-09.
- Faggart, Evan (2015-12-21). "NeuCoin Makes Moves With Facebook Game and Tipping Platform Launch". Bitcoinist.net. http://bitcoinist.net/neucoin-makes-moves-with-facebook-game-and-tipping-platform-launch/
- Reader, Ruth (2015-02-03). "NeuCoin raises $2.25M to be a headache-free take on Bitcoin". VentureBeat. Archived from the original on 2015-04-09. Retrieved 2015-04-09.
- Rizzo, Pete (2015-02-03). "Uber, Hotwire Execs Back Micropayments Startup NeuCoin". CoinDesk. Archived from the original on 2015-04-09. Retrieved 2015-04-09.
- Fletcher, Katherine (2015-02-12). "Altcoin Profile: NeuCoin". CoinReport. Archived from the original on 2015-04-09. Retrieved 2015-04-09.
- Suberg, William (2015-03-26). "NeuCoin Whitepaper Outlines the Math Needed for Proof-of-Stake to go Mainstream". CoinTelegraph. Archived from the original on 2015-04-09. Retrieved 2015-04-09.
- Suberg, William (2015-04-03). "NeuCoin Whitepaper Reignites Proof-of-Work vs. Proof-of-Stake Debate". CoinTelegraph. Archived from the original on 2015-04-09. Retrieved 2015-04-09.