KONJUNGATE is inspired by the cyber novel MACHFELD written 1999 by Michael Mastrototaro. Strangely, the main character of the book is called Nakamoto and thus resembles the pseudonym of the BITCOIN inventor Satoshi Nakamoto. What a coincidence, right? Anyway. In his cyber novel, he describes 9 years before Bitcoin appears on the cryptocurrency horizon the mining of KONJUNGATE.
Now 20 years after publishing the novel online, KONJUNGATE appears as a Media Art project to decentralize the funding of international contemporary Artists and art organisations and to give a strong artistic statement in times of budget cuts. How dose it work?
During the creation of the KONJUNGATE Blockchain, 1,25% of the total digital assets was premined. This amount of Tokens will be used as an initial fund for distributing the Token to a wide range of international art organisations, to support contemporary Artists and as registered capital for the charitable MACHFELD-Foundation (in establishing) which will ensure further distribution of tokens in the future and its task is to ensure value security by means of art purchases.
Type: Hybrid, POS / POW / Masternodes
Total Coin Supply: 21 billion
Block Reward: 1000 KONJ
1000 KONJUNGATE / Block. shared as follows:
POW: 250 KONJ (no charity fee taken from POW)
POS: 195 KONJ
MN: 455 KONJ
Charity: 100 KON
Block Time: 2 Min. Masternode Collateral: 600.000 KONJ Block Size: 1MB
Premine: 409.000.000 KONJ for SWAP/Charity- and Developer Fund 80% of the premined coins will be used as a gift for artists (in form of calls, scholarships, art-institutions like museums and the MACHFELD-Foundation.
20% for Markting & Development.
The MACHFELD-Foundation (in establishment) is setup as a legal entity. So the premined coins are not going to a single person. It is also a booster for the international art-scene. And it will stabilize the token price during art-buyings.
Links to the project:
Official Mining Pools
Bitcoin Talk announcment
(So called) Social Media Links