TaniCoin

Features & Capabilities

CryptoNight Algorithm

CryptoNight is a proof-of-work algorithm. It is designed to be suitable for ordinary PC CPUs, but currently no special purpose devices for mining are available. Therefore, CryptoNight can only be CPU-mined or VGA/GPU Miners for the time being. CryptoNight was originally implemented in the CryptoNote codebase.

Specification

Algorithm CryptoNight
Coins Abbreviation TACO
Block Time 90 seconds
Difficulty Retargets each block
Block Reward Decreases each block according to the formula
Base Reward (M Supply –A)2^18, Where M Supply = (2^64 – 1) atomic units and ‘A’ is amount of already generated coins
Coin Division One coin is divisible down to 11 decimal places
Total Coins 1,000,000,000 coins (1 Billion)
Pre-Mined Coins 250,000,000 coins for ICO purpose

Distributions

Allocation Amount
Pre-sale 2%
ICO 66%
Team 28%
Advisors 2%
Bounty Program 2%

 

Transparency & Audits

Tanibox is committed to go through fully transparent process in this ICO and beyond. For that, we need:

  1. The maximum amount of funds collected during the ICO is set at USD 15 million—equals to 165 million coins.
  2. Target for Soft Cap is USD 8 million, and Hard Cap is USD 15 million.
  3. The mining pool will be opened to the public after ICO.
Background

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