New cryptocurrency - UseCoin [USE]

Official Launch Date: August 19th @ 6PM EST



A secure crypto that you can use to purchase goods and services anonymously! (UseMarket Coming Soon)




UseCoin is a cryptocurrency that encourages and empowers users to be able to use and spend their coins. We will be releasing our own "UseMarket" which is a decentralized marketplace platform based on OpenBazaar. The UseMarket has been underdevelopment for the past few weeks since July 28th and we anticipate it's public launch by September 9th next month.

UseCoin will have a IPCO/Pre-sale distribution as well as a PoW Distribution divided 50/50. PoW will begin once the coin has been officially launched on August 19th at 12 PM EST. A small portion of the premine will be set aside for community bounties.







To create a cryptocurrency that encourages usage and spending, not just holding and trading. The current altcoin market has been flooded with pump and dump coins that don't last for longer than a couple months, due to scams, market manipulation, huge mining farms dumping coins, etc. UseCoin aims to fight against that by defining ourselves as a coin that can be USED for real world goods and services.

We will accomplish this with our in-house developed "UseMarket" based on the OpenBazaar code, a 100% decentralized and anonymous marketplace platform where anyone can buy/sell goods and services using UseCoin. Along with this, we will be partnering with as many merchants and services providers as we can to increase UseCoin adoption worldwide.



UseMarket due for public launch September 9th, 2014




Below is a rough outline of what we are currently developing and what we have planned for future releases.

UseMarket (Decentralized Marketplace) - In Development: Launch Date Set on September 7, 2014
The UseMarket is a decentralized marketplace based on the OpenBazaar code. We have used OpenBazaar's code as a baseline to develop a truly decentralized and anonymous marketplace that cannot be censored or blocked. UseCoin will be fully and exclusively integrated in the marketplace allowing users to buy and sell real world goods and services using Usecoins! This is easily one of our most prominent features as it will allow users to USE their coins! This will add tremendous value to our coin. A fully encrypted messaging system will be integrated into the UseMarket. We will keeping everyone updated with our progress with UseMarket. Launch day is not far away as this has been under development since July this year and are nearing completion for public launch.

Stealth Addresses - In Development: ETA End of September
To further increase anonymity we will be implementing stealth addresses based on Vertcoin's code. Stealth addresses will be an optional feature for those who wish to use it to retain high anonymity.

Encrypted E-mail Service IN Wallet: (Planned, no ETA)
We have planned to release an encrypted e-mail messaging system that will be integrated into the UseCoin wallet. We have not yet started development on this but it is something that we believe we can integrate into the UseCoin code and provide an additional service straight from your wallet client. So far we only have plans on developing this feature for our Windows wallet.

Community Driven Development:
A large portion of the IPCO funds will be used towards community driven developments. We will ask YOU, the community, to request features you'd like to see on UseCoin. We believe very strongly that a successful crypto's foundation is a strong community. We will be empowering our community to help build UseCoin to something that is truly revolutionary that can be used in the real-world. Community feature voting will commence shortly after the coin's official launch on August 19th, the same day PoW phase begins.




Max. Total Coins: 12,540,000* (~12.5 Million)
(5,000,000 IPCO/Bounty Coins + 4,540,000 PoW Coins + 500,000 Free Distribution Coins + 2,500,000 PoS Coins after 5 years)
Algorithm: X13 PoW + PoS
Total PoW Blocks: 43,829
PoW Block Rewards:
Block 1 - 5,500,000 USE (IPO Coins and Free Distribution Coins) Any unsold/undistributed coins will be destroyed
Blocks 2 to 129 - 0.02 USE (to prevent instamine)
Blocks 130 to 43829 - 100 USE

PoW Period: ~30 days
Block Time: 60 Seconds
POS Interest: 5% Annually for 5 Years
Coins Available for IPCO: 4,900,000 USE (4.9 Million)*
Coins Available for Bounty: 100,000 USE

*Left over unsold coins from IPCO will be destroyed permanently once 2 week pre-sale period is over.


Pools

http://use.minerpools.com - SSO Enabled, PPLNS 1% fees
http://use.hashhot.com
https://use.suprnova.cc


Twitter: http://www.twitter.com/UseCoin

To learn more about USEcoin and IPCO/presale, please check the Official Bitcointalk thread:
https://bitcointalk.org/index.php?topic=735355