PoM - Proof-of-Meme
Mining
Mining based on Lyra2REv2 algorithm. The block reward is set to start at 120 WAE after the pre-mine, and undergo a halving period every 200,000 blocks (circa every 50 days).
Proof-of-Meme (PoM) technology
Development will begin during the first quarter of 2019. This ultimately connects peers through a decentralized network, essentially rewarding them for their activity: liking (cluck), disliking (spitting), sharing, and posting.
As WeyCoin has the suitable means of providing three-way payments (treasury, masternodes and miners), the PoM will be managed in a similar fashion to the treasuries.
As every block is mined, the weight of PoM’s reward remains a constant 3%. This reward is to be taken out of the overall block subsidy. This will push the block reward for the miners and masternodes to be:
newBlockSubsidy = originalBlockSubsidy - pomReward
The engine will then process the distribution of the PoM. This will take in consideration a couple variables, the exact nature of how the algorithm will determine who is most suitable to receive the most has not yet been established.
Useful links
Wallet - http://weycoin.org/#downloads
Discord - https://discord.gg/kfaGyjV
Exchange - http://weycoin.org/#exchanges
Whitepaper - https://weycoin.org/data/whitepaper.pdf
Official pool - http://pool.weycoin.org/
Bitcoin Talk - https://bitcointalk.org/index.php?topic=3124797.0
Okay, but what is this Ugandan Knuckles meme?
explained -
This is gonna get interesting! I love memes...