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Taucoin

An Experimental Currency Proof-of-Transaction

TAU proposes a fast circulation currency without inflation. Users collectively grow and secure the network by doing commoner's behavior-transactions. With the technology innovation of "Proof-of-Transaction", users with transaction history are incentivated by sharing the future block reward. No advantage is for concentrating wealth and hardware as in POS and POW. Low barrier to coins, voting and rewarding for commoners are TAU inplementation of fairness. Different from other systems, TAU aims the more transaction abundance, the higher speed and the lower total cost. ICO plan: TAU foundation will allocate 60,000 TAUcoins into ICO pool once every 360 blocks, about 6 hours. Investors receive TAUcoins by their portion of BTC investd to the total BTC received during the timeframe. In the case of no investments, the unattended coins will be added to the next ICO time frame.

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274 days 22 hours left
2018-10-18 - 2019-10-18
Token
TAU
Bounty
Platform
Country
Whitelist/KYC
None
Restricted areas
USA, China
More on ICO
Report

About Taucoin

TAU is an electronic currency that aims to promote essential financial behavior and increase economic circulation. We introduce a new consensus mechanism, Proofof-transaction (POT), that is fair, secure and environmentally friendly. POT uses on-chain accumulated transaction fee as proof to generate new blocks. The reward is transaction fees contained in each block. Participants can form groups called mining club, which distributes block reward to all club members through an efficient club wiring transaction. Under POT, network security is maintained collectively by users’ transactions.

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ICO KYC Report
3 members invited
iMorpheus (David Wu)
Failed
Dean Pappas
Failed
Zi Ren Teoh
Failed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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