Qtum QTUM to MonetaryUnit MUE Exchange

Crypto Pair Details: QTUM to MUE

Qtum QTUM

Qtum is a decentralized and open-source smart contracts platform and value transfer protocol. Qtum uses proof-of-stake consensus, meaning node operators are rewarded for validating transactions. It is a DGP governed blockchain where community participants can vote to change certain network parameters. Qtum is built on a bitcoin core fork, but the foundation has created its own hybrid blockchain with the help of several key tools. The coin uses bitcoin’s chain because of its simple and stable nature, allowing the foundation to build upon it more easily. As the QTUM project is a hybrid of Bitcoin and Ethereum, its team comprises of members from both Bitcoin and Ethereum community. They also have team members who formerly worked with Tencent, Alibaba, Nasdaq etc. Apart from that, they are backed by some notable VCs and prominent people from the Blockchain community such as Patrick Dai (Project Co-Founder), Neil Mahi (Chief Blockchain Architect/Co-Founder) and Jordan Earls (Lead Developer/Co-Founder). Qtum provides a Turing-complete blockchain stack and is able to execute smart contracts and decentralised applications like the Ethereum blockchain. Qtum builds on Bitcoin's UTXO transaction model and uses the Proof-of-Stake algorithm. It is backed by some highly prominent members of the blockchain community such as Anthony Di Iorio, Xu Star, Bo Shen, David Lee, Jehan Chu and Roger Ver. Qtum sold over 10 million dollars’ worth of its tokens after only 90 minutes, eventually raising a total value of $15.7 million before stopping the campaign early after only 5 days. They raised a total amount of 11,156.766 bitcoins (BTC) and 77,081.031 ether (ETH) in exchange for the 51 million Qtum tokens being distributed to the public. In Qtum’s whitepaper, 51% of the coins were distributed to the public via the crowdfunding campaign. Of the remaining 49%, 29% of the coins would be allocated as community incentives, and the remaining 20% would be distributed to the early backers and development team.

MonetaryUnit MUE

MonetaryUnit (MUE) is a fork of Quark. There will be a total of 1 Quadrillion coins (i.e. 1,000,000,000,000,000 MUE). There is a 40,000,000 MUE pre-mine (0.000004% of total supply) to fund faucet, giveaways, promotions and development of which 9,0000,000 MUE has already been given away or used for development. The release of MonetaryUnit is staggered into 10 different stages. Each “stage” lasts about 18.5 days, and is made up of 40,000 “blocks”. Each block is released every 40 seconds, and a block is the reward for mining the MonetaryUnit network. The block reward changes at every stage, so that the number of coins released per day will change every 18.5 days up until stage 10. At stage 10, the number of coins released per day will always be 86,500 coins per day, or 40 MUE per block. MUE is a coin that has a fair launch with a block reward schedule that increases as time goes on. Here is the block reward schedule: 0.025 MUE reward for first 40,000 blocks (54 MUE/day) 1 MUE reward for next 40,000 blocks (2160 MUE/day) 2 MUE reward for next 40,000 blocks (4320 MUE/day) 4 MUE reward for next 40,000 blocks (8640 MUE/day) 8 MUE reward for next 40,000 blocks (17280 MUE/day) 10 MUE reward for next 40,000 blocks (21600 MUE/day) 20 MUE reward for next 40,000 blocks (43200 MUE/day) 30 MUE reward for next 40,000 blocks (64800 MUE/day) 40 MUE reward thereafter (86400 MUE/day)

SOURCE: COINGECKO

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