ALQO (XLQ) an open source cryptocurrency and globally accessible payment network, with a highly-scalable, hyper-fast, low-fee transaction profile. The ALQO network features a low-barrier, fully democratized governance mechanism, user-friendly cross-platform clients for universal adoption and a large-scale masternode network supporting a diverse set of services available to network participants. To secure its network, ALQO utilizes a Quark-based Proof of Work consensus algorithm, to be later switched over to an environmentally-friendly Proof of Stake. Masternode operators are compensated for the services they provide, as are miners and stakers for cryptographically validating transaction on the network.
For more information please visit us at: alqo.org or visit our ANN thread at: BitcoinTalk
• Coin Name: ALQO
• Ticker: XLQ
• PoW Algorithm: Quark
• Premine: (#1 Block) 100,001 ALQO (0,17% of PoW)*
• PoW Blocks: 2 - 409000
• PoS Blocks: Starting from 409001
• Block Time: 60 Seconds
• PoW Max Coin Output/Supply: 57,879,300
• PoW Ending: ~ ca. 330 Days (Estimated: October 2018)
• Masternode Requirements: 10,000 XLQ
• Maturity: 30 Confirmations
• Prefix: ALQO adresses start with the capital letter "A"
*the premine is going to be burned on the 1st November 2018
| Block Height | Reward Amount | Masternodes | Miners | Dev fee |
|---|---|---|---|---|
| Block 2 - 86400 | 200 XLQ | Masternodes 40 XLQ | Miners 160 XLQ | 0 XLQ |
| Block 86401 - 151200 | 150 XLQ | Masternodes 37,5 XLQ | Miners 112,5 XLQ | 0 XLQ |
| Block 151201 - 225000 | 125 XLQ | Masternodes 37,5 XLQ | Miners 87,5 XLQ | 0 XLQ |
| Block 225001 - 302400 | 125 XLQ | Masternodes 75 XLQ | Miners 43,75 XLQ | 6,25 XLQ |
| Block 302401 - 345600 | 100 XLQ | Masternodes 60 XLQ | Miners 35 XLQ | 5 XLQ |
| Block 345601 - 388800 | 75 XLQ | Masternodes 45 XLQ | Miners 26,25 XLQ | 3,75 XLQ |
| Block 388801 - 408960 | 50 XLQ | Masternodes 30 XLQ | Miners 17,5 XLQ | 2,5 XLQ |
| Block 408961 - 409000 | 1 XLQ | Masternodes 0.6 XLQ | Miners 0.35 XLQ | 0.5 XLQ |
Masternode and staking rewards with PoS: During the PoS phase, rewards will be distributed among masternode operators, stakers and the dev fund based on a distribution ratio of 50%/40%/10% respectively.
Proof of Stake will automatically be enabled at block height 409001.
| Block Height | Reward Amount |
|---|---|
| Block 409001 - 410400 | 1 XLQ |
| Block 410401 - 540000 | 60 XLQ |
| Block 540001 - 583200 | 25 XLQ |
| Block 583201 - 626400 | 10 XLQ |
| Block 626401 - infinite | 5 XLQ |
For more information check out our whitepaper at: alqo.org/whitepaper.pdf
Alternatively, we have added a non .pdf version in our Github repository. You can find it in the ALQO Github Wiki.