Colossuscoin was founded on 22 August 2013 and is a decentralized, open-source peer-to-peer (P2P) energy-efficient Internet currency that enables fast instant payments to anyone in the world with almost no fees. Its design is public, nobody owns or controls Colossuscoin and everyone can take part.
Colossuscoin was founded as a energy-efficient Internet currency and we want to continue our concept to be a long-term energy-efficient/ Evironmentally friendly Crypto-Currency.
ColossusCoinXT is an open source, peer-to-peer, energy-saving, community driven, decentralized and modern POS3.0 Masternode-Cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency.
The new ColossusCoinXT (COLX) is based on the popular PIVX Source Code with a fixed PoS block reward and we will do a full Swap from ColossusCoin2 CV2 (2:1 exchange rate) on NovaExchange.com https://novaexchange.com/coinswap/ .
For 2 ColossusCoin2 (CV2) you will get 1 ColossusCoinXT (COLX).
The Total Circulating Money Supply will get halved to 12.0 Billion COLX Coins.
The PIVX Features are very innovative (for instance: improved Proof of Stake 3.0 protocol, Masternodes, SwiftTX Instant Transactions, Private Instant Verified Transactions /full-time private transactions, Obfuscation Mixing Mechanism, innovative variable seesaw reward mechanism, Coin Control)
The Swap to the new ColossusCoinXT COLX Blockchain has been started on 28th September 2017.
The only place you can swap your CV2 for COLX will be on https://novaexchange.com/coinswap
ColossusCoinXT (COLX) Specifications
Block 1: 12 Billions COLX pre-mined [reserved for a full swap over (reverse 1-for-2 coin split)]
Reverse Coin split of 1:2 means investors will receive one ColossusCoinXT (COLX) for every two ColossusCoin2 (CV2) they own.
In other words, ColossusCoinXT Money Supply will be reduced to max. 12 billion after the split.
PoS Rewards Breakdown
PoS Block Reward:
Blocks 10,125 – 151,200: 2500 COLX
Blocks 151,201 – 302,399: 1250 COLX
Blocks 302,400 – Infinite: 1000 COLX
Proof of Stake Schedule: 5% to proposals for all phases
95% distributed to stake wallet and master node
Stake min age is 7 days
Proof of Work Schedule
Algo: PoW Algorithm: Quark
Proof of Work/Proof of Stake Hybrid transitioning into Proof of Stake only
Block 1 12 Billions COLX pre-mined for the Swap-over*
*: 40,000,000 COLX of the Premine which were used for run initial Masternodes have been destroyed and
never to be retrieved to COLX Burn Address: DCoLossusCoinXTBurnAddressxxzzRhgy (do not send coins to this address!)
Blocks 2 – 10,124: PoW 2500 Coins per Block for 10,124 Blocks
Block Time: 60 seconds with re-targeting after every block / Stake min age is 7 days
10 COLX Coin Fee on transactions is also part of the Block reward on top of the 2500 Coins per Block
Minted Confirmations: 90
Transactions Confirmations: 6
Masternodes 10,000,000 COLX per Masternode
(Multiple masternodes per wallet, requires a VPS)