Features & Capabilities
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.
|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|
Transparency & Audits
Tanibox is committed to go through fully transparent process in this ICO and beyond. For that, we need:
- The maximum amount of funds collected during the ICO is set at USD 15 million—equals to 165 million coins.
- Target for Soft Cap is USD 8 million, and Hard Cap is USD 15 million.
- The mining pool will be opened to the public after ICO.