Dear CITEX users,
CZZ will be launched in CITEX Innovation Board Trade Zone with the opening of CZZ/USDT trade pair.
CZZ Deposit: 14:00 on Nov 9, 2019 (UTC+8)
CZZ Withdrawal: 15:00 on Nov 9, 2019(UTC+8)
CZZ trading time will be notified via announcement.
There are three roadblocks preventing us from reaching mass adoption of a crypto currency based decentralized payment system: user experience, fairness, and lack of an economic model. To combat this issue, we propose a high performant block chain network that leverages on 5G-communication technology. It will have zero pre-mined tokens, and a minimum mining difficulty to completely eliminate the existence of near-zero-cost tokens to guarantee fairness. We have introduced the entanglement exchange for participants to engage in limited arbitrage activities. After each round of arbitrage trade, a certain amount of CZZ is burned, and the exchange rate of each CZZ (with respect to participating currencies) increases by a little. In the long-term equilibrium, the CZZ network will act as a decentralized exchange of major crypto-currencies, which would provide a fundamental demand for the CZZ token.
Consensus: Proof of Work
Mining algorithm: Bora Bora
Block interval: 30s
Max block size: 8m
Min mining difficulty: 1 mh/s
Initial block reward: 1000 CZZ
Quantity of CZZ in total supply:
Circulating Supply: 72,000,000
Official website: http://teyqgzkbgyltkddz.onion/
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Nov 9, 2019