Fedora Gold is launching in late September. We will officially join the CryptoNote family, with the creation of the Fedora Gold - the FED coin. Fedora Gold will be based on the CryptoNote protocol and use a highly customised CryptoNight V7 mining algorithm. This is key to our goals of increasing the value and reach of Fedora, enhancing the tech fundamentals and providing a foundation for future development. Existing Tips holders will be AirDropped Fedora Gold at Altilly, Coinexchange and Novaexchange. The new FED coin tech supports the Fedora roadmap use cases that are essential for a state of the art crypto-currency:
Before the launch, the project team will premine 20% of the maximum possible supply, or 20 billion Fedora Gold FED coins. This premined amount will be used for a several purposes, to support both the AirDrop and ongoing work:
This leaves 80 billion FED coins un-mined and available to the Fedora community for PC based mining . It is planned that the unused coins that do not get AirDropped be burned one month after the relaunch is complete.
*The 10B coins allocated to the project are broken down by:
The Development funds are to support the current and future costs of building the Fedora roadmap, which up until now have been carried out on a voluntary basis. 80% of the development funds will be placed in ESCROW and will begin to vest Apr 2019, completing this process in Oct 2019.
© The Fedora Tips Project Team