This article was first published on Stories by Skycoin on Medium
With Skycoin and the newly released hardware wallet as prizes
Rules and Prizes
To enter the competition, you must reply to the official competition tweet with the correct answer, your favorite part of the Skycoin ecosystem and why, retweet and like.
20 random winners will be picked by the end of 26th of December with 50 Skycoin and a brand new hardware wallet each as the prize!
The transactional currency of the Skycoin economy. One Coin Hour is generated by holding one Skycoin for one hour in your wallet. This inflationary currency is designed to have a self-limiting inflationary curve which encourages the velocity of economic activity and thus removes the “hoarding problem” seen in other fixed-supply cryptocurrencies. Coin Hours will be the backbone of economic activity for the entire Skycoin ecosystem.
The Skycoin token is the printing press of the Skycoin economy. Through shifting of all economic activity into a separate currency, Coin Hours, and a fixed supply of one hundred million coins, Skycoin is designed to have minimal velocity. In the future, proceeds generated from Skycoin hardware sales will contribute to Skycoin buy-backs. This will reduce the Skycoin circulating supply, effectively making Skycoin a deflationary currency.
Official Skyminers are already in production with many operational around the world. The Skyminers form the backbone of Skywire, a new internet, and act as a benchmark for the vibrant DIY Skyminer community around the globe. Having a constant flow of Skyminers ready for members of the community will aid in growth of the network.
Skywire is an ambitious project, building a new peer-to-peer internet starting at the infrastructure level to fight against ISP monopolies and censorship around the world. Many other essential hardware components are needed ...
To keep reading, please go to the original article at:
Stories by Skycoin on Medium