[ANN] AIRDROP | MASTERNODE | X11 | LOW PREMINE | IDAPAY for innovation!

IDA PAY

We are glad to introduce our latest addition to the altcoin community, after months of work we have brought together an exciting new coin which supports PoW and Masternodes. We are eager to bring new features that will not only profit our community but will bring innovation to the ecosystem.

Specifications:

Max coins: 21 000 000
Coinbase maturity: 15 blocks
Target block time: 2.5 minutes
Difficulty retarget: 10 blocks
Premine: 2%

PoW algorithm: X11
Masternode collateral: 1500 IDA
Collateral confirmations: 30 blocks
Block rewards: 18 IDA
Reward diminishes by 30% every 100,000 blocks.

PoW/PoS Masternodes reward structure:

Block / Time PoW (%) Masternodes (%)
0 - 3,000 / 25/02 - 02/03 70 30
3,001 - 10,000 / 02/03 - 14/03 40 60
10,001 - 50,000 / 14/03 - 05/06 30 70
50,001 - upwards 20 80

Masternodes and miners:

Masternodes are a very important part of the network, they provide core services for a privacy coin as are anonymization and decentralized governance. Furthermore, they bring a very much needed voting system to the ecosystem. Simultaneously, mining is imperative to be able to achieve network stability and bring initial interest to our project. As you can see above, although we will not completely phase out PoW; at a certain point in time, Masternodes will become the backbone of our blockchain.

Voting system:

From day 1, we will be using the integrated governance proposal and voting system as we believe it is important to have the community involved in all of our projects, in the most official and democratic way possible. We plan on creating a platform where proposals will be submitted and discussed among the community, an easy to use system will then be used for voting. This is a feature that is already integrated in our blockchain, it will not require any additional work to deploy. All of our budget spending will have to go through the respective process, from proposal to voting, with all the discussion and debate this will bring to the table.

R&D

We have been in discussions with other altcoin developers and are analyzing the feasibility of an inter-blockchain integrated trade system. Our main requirement and the main objective of our R&D project would be an easy to integrate module which will accomplish this task with minimal parameterization. The most common use case would be exchanging your coins A to coins B, without going through an exchange but done at a price that would have been established by the two parties and communities. This will be our initial R&D project.

We are also open to any ideas you might want to contribute, as this is the main reason behind our project. We believe the whole crypto-community should benefit from our different R&D projects.

BOUNTIES

Website designer: 2 MNs (Filled)

ANN translations (10 languages): 200 IDA
Portuguese: https://bitcointalk.org/index.php?topic=3015575
Russian: https://bitcointalk.org/index.php?topic=3013072
Italian: https://bitcointalk.org/index.php?topic=3020181
Chinese: https://bitcointalk.org/index.php?topic=3013643
Vietnamese: https://bitcoingarden.org/forum/index.php?topic=29381
Indonesian: https://bitcointalk.org/index.php?topic=3024250

Mining pools: 1st: 800 IDA (Filled)
2nd: 500 IDA (Filled)
3rd: 300 IDA (Filled)
4th: 100 IDA (Filled)

Block explorer: 1 MN (Filled)

Marketing plan: 1000 IDA

Masternode setup documentation: 500 IDA (Filled)

AIRDROP

Between February 25th and March 2nd, every member of Discord group will receive 15 IDA.
For every referenced member that joins the Discord, the referencer will receive 10 IDA.
Every follower on twitter will receive 10 IDA.

Social Networks

Join our Discord: https://discord.gg/zfRNTZS

Download Wallet : https://github.com/idapay/idapay