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SnowGem (XSGUSD)

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Last Post: 10/5/2019 10:51:12 AM - Followers: 1 - Board type: Free - Posts Today: 0



About SnowGem

Rather than trying to reinvent the wheel from scratch, the founder of SnowGem Tinh Pham (TXID), after studying the codebase of other cryptocurrencies, decided to base SnowGem on Zcash. Zcash is the first cryptocurrency to apply zkSNARKs (Zero Knowledge Succinct Non-Interative Argument of Knowledge) which allow parties to prove a statement without revealing any information other than the validity of the statement. SnowGem began as a fork of the Zcash blockchain and inherited all features of Zcash at that time (23rd December 2017). SnowGem officially launched its blockchain on the 25th December 2017 after 72 blocks had been timestamped. During the first 72 blocks, no external miners could mine (less than 7 XSG was mined during this period). It was considered necessary to make sure the blockchain launched seamlessly. On the 15th April 2018, masternode payments were activated. This meant that SnowGem became the first Equihash algorithm oriented cryptocurrency with zkSNARKs to implement active masternode technology. Like all cryptocurrencies, people have chosen to adopt SnowGem as a medium of exchange/store of value through personal choice. An innovative feature, affinity towards the brand or high confidence in the community could be reasons for doing so. Key advantages of using SnowGem are:

• SnowGem is permissionless, so anyone is free to use its services.
• It is accessible from anywhere in the world.
• It has no central point of failure.
• It is free from government censorship.
• SnowGem users receive regular block rewards for participation in helping to secure and decentralise the network protocol.


SnowGem is the first Zhash-zkSNARKs project to offer Masternode ownership. Originally using the Equihash algorithm SnowGem switched to Zhash (144,5) to maintain a healthy GPU mining community. There will be similarities between SnowGem and other cryptocurrencies where we find that the existing solutions are sufficient, but there will also be differences in philosophy, direction, as well as execution where we believe we can improve upon these existing solutions.


Why SnowGem is different?

SnowGem is the first and only Zhash coin that offers Masternode ownership. We built our own wallet user interface to make your SnowGem experience smooth and seamless. Come check out SnowMine, it supports many popular coins with great features that allow you to mine more than one coin at the same time. We also successfully created our own full-node multicurrency Modern Wallet. We are working on a Payment processing system with credit card support, our own Decentralized exchange (DEX) and Content Masternodes for storing important documents and media. Currently, we have 3 full-time workers and 6 active core team members.

• SnowGem is the First Zhash-zkSNARKs Masternode coin
• SnowGem has a beautiful Modern Wallet with multicurrency support
• SnowGem has an awesome mining tool for all coins with great features
• SnowGem has an experienced development team
• SnowGem has a very strong and friendly community

 

SnowGem Roadmap (2019-2020)

(How to find roadmap: Google "snowgem QmecAMXPh7wN3ApawdnWZDeHdXGaHwUGofgeyw8LXqJPhY")

Roadmap Goals
• Credit Cards
• Payment Solution
• Exchange
• Shared Masternode Service
• Content Nodes
• Tokens on the SnowGem Chain
• CoinGuard
• Blackbox
• MicroJobs



Masternodes

Current Block Height:  930420 (as of 10/5/2019)

Total Active Masternodes:  1046
(as of 10/5/2019)

Masternode Collateral:  10,000 XSG (controlled by your SnowGem ModernWallet)

Masternode Cost (10,000 XSG):  $270  (as of 10/5/2019)

Cost to run 1 Masternode:  $5 per month (as of 10/5/2019)

1 Masternode will give you approximately:
15.140 XSG ($0.41) per day  -  ROI : ~0.15%
105.980 XSG ($2.87) per week  -  ROI : ~1.05%
454.199 XSG ($12.30) per month  -  ROI : ~4.54%
5526.092 XSG ($149.65) per year  -  ROI : ~55.26%

(as of 10/5/2019)

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#11  Sticky Note About Me (Only Moderator on this board currently) BTCGoat 10/05/19 10:51:12 AM
#11   About Me (Only Moderator on this board currently) BTCGoat 10/05/19 10:51:12 AM
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