• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: SEC Strikes: Seeks Temporary Restraining Order To Freeze Binance.US Assets
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: SEC Strikes: Seeks Temporary Restraining Order To Freeze Binance.US Assets
AXEL: The Revolutionary Blockchain-based Digital Asset Marketplace

Crypto-Startup Hubcoin Announces Distribution of Pre-Mined HUB to Altcoin Developers

Bitcoin PR Buzz by Bitcoin PR Buzz
6 years ago
in Bitcoin PR Buzz, Press releases
0

Belarus-based blockchain company Hubcoin has announced that it has distributed 300,000 (10%) of the total pre-mined HUB tokens to a chosen group of different altcoin developers. The promotion took place alongside the live Hubcoin ICO.

[Note: This is a press release.]


Hubcoin logo

Hubcoin believes that the launches of fair coins have been successful but that there is still a lot of potential to get more out of their protocol. Influenced by successful premine distribution projects such as NEM and Auroracoin, Hubcoin chose to give away 10% of the platform’s HUB tokens to leading blockchain developers of previously established cryptocurrency projects. The company thinks that it would be beneficial for the company in the long run as it would stimulate interest amongst the community.

From the 10% of HUB tokens distributed, 7% was given to the developers of various altcoins that are already in the market. The distribution of HUB tokens was organized in proportion to the respective coin’s total market capitalization. 2% of the coins were equally distributed between all the altcoin developers currently holding a wallet, block explorer, or topic on the Hubcoin website and 1% is held by the project’s lead developer.

Hubcoin has implemented a unique technical code that limits the premine spending for the first year. The use of the allocated Hubcoins by developers is designed to provide sustained motivation for all of the development teams and mitigate against early token dumps.

Project Targets

The project has outlined a number of different milestones from its roadmap that are listed in order of cost:

2 BTC: A coin tracking service like Coinmarketcap or Coinwarz capable of sorting coins by an algorithm and will list new coins much faster.

4 BTC: Hosting for interested altcoin developers for free (limited slots). The service will be extended to non-developers as well, for a small charge. Additional services like website creation, DDOS defense and more will also be provided. Block explorer for coins will be created for those needing it. Premium features and priority coin listing will be available for a fixed Hubcoin payment.

6 BTC: Create Block Explorers for altcoins that don’t have one. Coin creators would be able to add their own coins to the service for free. It will support urgent coin additions for a small charge.

 8 BTC: Pool creation for all coins requiring the feature. The coin creators will be allowed to add their coins to Hubcoin’s aforementioned services at no cost (free slots will be limited). Premium features and priority coin listing will be available for fixed HUB payment.

12 BTC: Node maintenance service will be created at this stage. The first three altcoin developers will get this service for free while others who follow will be charged a small HUB token payment.

20 BTC: Desktop and web wallet service will be provided. It will be free for altcoin developers. Premium features will be available for a fixed HUB payment.

30 BTC: Android wallet creation service will be made available for free to altcoin developers. The platform will offer premium features for a fixed HUB payment.

50 BTC: Hubcoin will start offering its own coin creation service, which will be free of charges with a 10% premine share. Those opting coins without premine or custom premine can avail the service by making a fixed HUB payment.

100 BTC: Promotional services for coins will be created enabling facilities like voting to secure more recognition. Other promotional services such as press releases, social media, signature campaigns, advertisement, fakeouts search for investors, etc. will be provided.

200+ BTC: Reviving support for unsuccessful coins will be provided by repairing stuck block chains, connection issues, hard forks, creating websites, adding block-explorers and services, and a full work on the coin. Hubcoin owners will be able to vote by paying Hubcoin and choose coin for reviving.

Developer HUB Token Recipients (summary capitalization is more than 10.000.000$)

Saracenis (Topaz coin), Belligerent Fool (BenjiRolls), UsuallyHappens (PartyCoin), PhoenixWarrior333 (FidgetCoin), CryptoWiz420 (Turbostake), findblocks.com(findblocks.com), AtomicProject (Atomic Coin), mbmagnat (Evotion), bumbacoin (BumbaCoin), victoriouscoin(Victoriouscoin), Bzzzum (Deutsche eMark), TrollCoins (TrollCoins), Whitey92d15b7 (GPU Coin), ACP (AnarchistsPrime), OBAViJEST (Doubloon) , soulgate (Virtacoinplus), joshafest (B3Coin), LiftOff1969 (UDOWNcoin), pallas (Cryptonite), vashshawn (corgicoinV2), DreamCrusherFTW (MOZZI), notnormals (InsaneCoin).


Images courtesy of Hubcoin, Shutterstock

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoin PR Buzz

Bitcoin PR Buzz

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

Related Posts

Ripple IPO Could Break Every Record, Learn How You Can Seize Trading Opportunities with AI Crypto

Ripple IPO Could Break Every Record, Learn How You Can Seize Trading Opportunities with AI Crypto

42 mins ago
Axie Infinity (AXS) Price Prediction: Can AXS Bounce Back? Uwerx (WERX) Nears Alpha Platform Launch

Axie Infinity (AXS) Price Prediction: Can AXS Bounce Back? Uwerx (WERX) Nears Alpha Platform Launch

2 hours ago
Top Cryptos to buy today: TOADS, ADA, RNDR, SOL

Top Cryptos to buy today: TOADS, ADA, RNDR, SOL

3 hours ago
Is PEPE’s hype over? A look at the Next 5 Big Cryptocurrencies To buy

Is PEPE’s hype over? A look at the Next 5 Big Cryptocurrencies To buy

3 hours ago
3 Top DeFi Cryptocurrencies for June 2023: Solana, Cardano, and Tradecurve

3 Top DeFi Cryptocurrencies for June 2023: Solana, Cardano, and Tradecurve

7 hours ago
TMS Network (TMSN) Illuminates The Crypto Scene, Outshining The Graph (GRT) and Polkadot (DOT)

TMS Network (TMSN) Illuminates The Crypto Scene, Outshining The Graph (GRT) and Polkadot (DOT)

7 hours ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    6 days ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    6 days ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    6 days ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • Ripple IPO Could Break Every Record, Learn How You Can...

    42 mins ago
  • Axie Infinity (AXS) Price Prediction: Can AXS Bounce Back?...

    2 hours ago
  • Top Cryptos to buy today: TOADS, ADA, RNDR, SOL

    3 hours ago
  • Is PEPE’s hype over? A look at the Next 5 Big...

    3 hours ago
  • 3 Top DeFi Cryptocurrencies for June 2023: Solana, Cardano...

    7 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.