LELE is developed our’s based on NXT source code. LELE develop anything as simple as can be even it’s not a simple coin. This scalable cryptocurrency offering a eco-friendly mining called forging. We will continue to developed features are outside the scope of regular altcoins.
Here are some features of LELE to be considered
Proof-of-stake (PoS) aims to replace the way of achieving consensus in a distributed system; instead of solving the Proof-of-Work, transactions can be added to the blockchain or ‘forged’ by any member of the network. The node chosen to forge a block is random, but the odds of forging a block are proportional to their stake in the network (the number of coins they hold).
Green Concept
LELE is "green" it's protocol in power consumption, since 100% PoS mechanisms don’t require massive amounts of electricity power like POW mechanisms do.
Pool Forging
LELE implements a pool forging feature. Whenever you not have enough amount of LELE to do solo forging, or have not any device to do this, you still could join at pool forging as like as POW pool mining, just swap your LELE coins to FORGE Token as an option.
Forging (Solo Forging)
It is elegantly simple, block generations with their transaction fees are competed for proportionally to all active forging wallets based on the amount of LELE a wallet has. So if a wallet has 1 million LELE, then they have 1/1000 of a chance of forging any block and receiving any transaction fees in that block. The math here is 1 million (amount the client has) divided by 1 billion (total LELE in existence) is 1000, so that is 1/1000 of a chance.
Lock-in and Release at Price-up (LRP)
We want to introduce the LRP system. This system would harmonized between supply and demand, till all total supply forged (mined). This system can reduce (hopely) the high volatility at cryptocurrencies.
Doing Green Mining (aka Forging)
You will need “a mining rig” for mining Bitcoin and any other POW type coin. For the lowest Hash mining rig type at least u need for about $1.125. Exclude setup, electricity and maintenance. Your mining rig can be brick any time. When hashrate rally up, your waste the investation. That’s not happen with LELE. Only need one time investation, u can compound any time you want, or change to fiat and any coin. LELE implement Forging, the best and green method for mining. You can use any type of PC, Tablet, Handphone to do this. No need setup and huge electricity.
The total amount of LELE is 1 billion. Coins are earned solely by charging transaction fees and by LRP System. Unlike other currencies with PoS mining, u don’t need to worry about the amount of coin and the inflation caused LELE forging(mining).
Coin Distribution
Coin Name: LeleCoin
Coin Symbol: LELE
Total Supply: 1,000,000,000 (1 billion)
Coin Base: Ardor (ARDR)
Block of Snapshot Announcement: 26th 2018
Airdrop Date: February 28th 2018
Airdrop Distribution: March 1st-3rd 2018 (Maximum)
Airdrop Target: IGNIS Holders
Airdrop Rate: 10 IGNIS - 1 LELE
Total Airdrop: 99,944,969.4 LELE
Tx Process
Tx Fee 1 LELE (Minimum)
Transactions limited to 255 for each block. Transaction sort by fee, then arrival timestamp. Transaction ussualy could read at wallet after 0 Confirmation
Transactions are deemed reliable after 10 confirmations. Transactions is considered irreversible after 721 confirmations.
Transactions that have been confirmed 1440 times are considered permanent.
For a project to be successfully executed, a good timeline is provided. Below is LELE Timeline;
March - 2017
LELE Project Getting Started basic and announcement of LELE launch.
August - 2017
Finishing LELE Token Project With forking NXT, LELE was born as a token.
September - 2017
Sell Pre-ICO Sales Coin for IACTC (Trader Community Alt Coin Indonesia).
November - 2017 Launch
ICO Sale first LELE ICO.
December - 2017 Meeting
Central Bank Meetup with Fintech Directoor Bank Indonesia Indonesia.
January - 2018
Education Project Start our educational project for kriptocurrency lovers.
February - 2018
Mobile Wallet Lauching Mobile Wallet (Android Wallet).
February - 2018
Digital Signature Continue Lauch First Digital Signature.
February - 2018
Fork Ardor 28 February 2018 Forking Ardor based on LELE and trailer holder IGNIS.
March - 2018
LELE Airdrops 1 to 3 March Airdrop holders IGNIS, 10 IGNIS get 1 LELE.
March - 2018
Pass Global LELE Global Market Launch.
April - 2018
Presentation LELE presentation for city companies.
April - 2018
Launch IE Launch LELE internal exchanger.
May - 2018
Lightweight Nodes Lightweight node launch based on ARM devices such as Raspberry Pi.
June - 2018
Student Achievement Prize Distribute gifts to students based on their achievements Sustainable development
Till next time...
For more information visit the link below:
Website: https://e-chain.id/
ANN Thread: https://bitcointalk.org/index.php?topic=2939240.0
Facebook: https://www.facebook.com/LELEcoin1
Telegram: https://t.me/LELE_COIN
Twitter: https://twitter.com/Lelecoin_media
Author: bibie16
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1816840
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