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There are two big inventions in the cryptocurrency universe. The first was bitcoin, the second Megacoins Kimoto Gravity Well. Created for a Mega stable network & increased security.Download the Guide
It symbolizes the chinese three finger gesture. The number 3 (三, Pinyin: sān, jyutping: saam1) sounds similar to the character for "birth" (生, Pinyin: shēng, jyutping: saang1), and is considered a lucky number. The number 3 is significant since there are three important stages in a man’s life (birth, marriage and death).
Yes. Besides the fact that 42 is the answer to the ultimate question of life, the universe, and everything. Just like traditional money with pennies and cents, Megacoins can be divided into decimals with much, much greater precision such as 1 Micro-Megacoin will be 0.000001 Megacoins. So imagine, instead of someone saying a pizza will cost 5 Mecs or Megs, they might say 5 Micros or 5 Minis. The market will create these naturally. You are living at a very exciting time!
MEGACOIN has a class of workers called miners who "mine" MEGACOIN (similar to Gold Miners). Miners run special software on their computer to run encryption calculations to be the first person to find special codes that will add MEGACOIN to their wallet and put those MEGACOIN into circulation. Miners also act as accountants to verify all transactions on the MEGACOIN network and compare work against each other to keep MEGACOIN secure.
Mega is a unit prefix in the metric system denoting a factor of one million. It was confirmed for use in the International System of Units (SI) in 1960. Mega comes from the Greek μέγας megas, meaning "great". In computing, mega denotes information units, like megabyte and other units; for example transfer rates like 1 megabit/s = 1000000 bit/s.
Megacoin has been designed to handle rapid growth and a stable future. Only 42 Million Megacoins will ever exist. During the freely joinable Initial Adoption Phase (IAP) which lasts nearly half a year, 21 Million Megacoins will come into existance. Every Megacoin block has a reward. Here the block rewards are in groups of 21,000 blocks steping down from 500, 250, 125, 75, 50. Rapid growth during the IAP is fueled by a balanced amount of increased rewards for miners who secure the Megacoin network.
Around the year 2014 to several decades in the future, the remaining 21 Million Megacoins will be distributed at a similar step-down rate. Every 420,000 blocks (2 years), The reward starts at 25 and is halved each period. 10.5 million Megacoins come from first 2 Years of 420,000 blocks. While the Megacoin release rate decreases as time moves forward, the market value of Megacoins will adjust accordingly.