HiGold Miner - a mining system of the company of the same name. The HiGold community plans to build an entirely new ecosystem with blockchain fans. It is dedicated to the development of a cryptocurrency community, focused on decentralized applications. It will also serve as an incubator to help community members promote their blockchain projects.
Contents:
Target of the HiGold Miner
HiGold Miner - a developed token mining program for the HiGold Community Token (HIG) platform. It works with a POS tool. Mining profits are directly related to the number of shares you hold. And the price of the bet is calculated, using the Bancor protocol. The more HIG Share you have, the more HIG tokens you can mine every 24 hours. If you keep the token for 24 hours, you can get a 1 day age rate. When your mining period is 7 days or more, you can sell your HIG stake by using "Unstake". BancorPool will charge a 1% fee to stabilize the share price. It is worth noting that the service does not have a WhitePaper, but you can find more detailed information on the official website or on the pages of the social networks: Twitter or Telegram.
Distribution of the HIG token
As mentioned above, the community-issued token - HiGold (HIG). It depends on the EOS blockchain. HiGold will serve as credit for use in the HiGold community with all apps, games and services, provided by HIG for the price. The maximum token supply - 21 billion. You can get a token in several ways, which you can consider below:
| 50%: mining | Proof of Stake was chosen as the mining mechanism for the new mint. And the Bancor algorithm helps to balance mining costs and profits. Half of the token is reserved for mining. Community members can mine a new token, using the Mining smart contract on any device. |
| 25%: “Give and take” Plan | The work of the HiGold community runs on donations from community members. From time to time, we implement a “Give and Take” plan and reward our community token donors. |
| 10%: community | 10% of the token - community work. HiGold (HIG) will serve as credit for use in the HiGold community and we use it to reward community members. Community members can obtain a certain amount of HIG through community service and / or community events. |
| 15%: command | The remaining 15% goes to the core HiGold team with a 5 year lockout period. |
As you can see, mining a token - the main way to mine it. However, everyone can use the charity program to purchase it.
Why EOS?
After much deliberation between Bitcoin, Ethereum and EOS, it became apparent that the best way forward for our community - to leverage the EOS network and the ecosystem around it. Therefore, we deployed the HiGold token on this blockchain. Among all advantages of this network, the most important:
- Speed: EOS is one of the fastest blockchains.
- No fees: EOS is one blockchain that does not charge any transaction fees and transactions are almost free for users.
- Simplicity: EOS smart contracts are written in C++ and a strongly typed language with an already rich community. This allows the team to quickly determine if the problem is due to misuse of the language itself or more like a smart contract problem.
These are some of the advantages that have played a key role in the choice of the blockchain network. The team's decision to build an ecosystem on this blockchain was final.
The user can choose the wallet that supports the HiGold (HIG) token from the available options. At the moment, this opportunity is available by the Bitpie wallet, Token Pocket, Math Wallet.