BiblePay (BBP) - 10% Charity Cryptocurrency - Masternodes - ASIC-Resistant - CPU Mining Only

in #cryptocurrency7 years ago (edited)

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Website: http://biblepay.org/
Bitcointalk: https://bitcointalk.org/index.php?topic=2388064.0

Market Cap: ~$1-2 million
CoinMarketCap: https://coinmarketcap.com/currencies/biblepay/

Masternodes.Online: https://masternodes.online/currencies/BBP/
Masternodes.Pro: https://masternodes.pro/stats/bbp

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Block Reward Breakdown:

  • 10% Charity
  • 5% IT (Software Development)
  • 2.5% PR (Public Relation campaigns)
  • 2.5% P2P (Orphan Letter Writing, Pay To Preach/Priest, Social Media)
  • 40% Miners
  • 40% Sanctuaries (Masternodes)

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What is Masternode Governance?
How does the Budget work?
What is a DAO (Decentralized Autonomous Organization)?

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BiblePay works a little differently from other cryptocurrencies because it has a two-tier network. The second tier is powered by sanctuaries (masternodes), which enable financial privacy (PrivateSend), instant transactions (InstantSend), and the decentralized governance and budget system.

Governance in a decentralized project is difficult, because by definition there are no central authorities to make decisions for the project. In BiblePay, such decisions are made by the network, that is, by the owners of sanctuaries (masternodes). The system provides a means for BiblePay to fund its own development. While other projects have to depend on donations or premined endowments, BiblePay uses 10% of the block reward to fund its own development (and 10% for Charity). Anybody can make a budget proposal to the network.

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Proposal Discussions: http://forum.biblepay.org/index.php?board=5.0

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BiblePay also rewards users for Writing Orphan Letters,
Reading, Listening and Watching Gospel Links,
and Learning more about Christianity

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How to Get BiblePay Coins?

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Join, Subscribe and Follow!:
Reddit: https://www.reddit.com/r/BiblePay/
Twitter: https://twitter.com/BiblePay
Discord: https://discordapp.com/invite/yWgbKdM

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"Love one another, be a good Samaritan,
help those in distress, and spread the gospel"