The Distribution Model and the Technology of Swisscoin

In the last Saturday (03/11/2107), i presented the Swisscoin Economic Model as provided in its whitepaper and where the company is promoting its mix. Its vision is to reach a big number of users, a high number of acceptance places as well as the commodity value in precious metals which will give the SWISSCOIN a value increase potential with an outlook for the next 5 years.

In this section, i’d like to present the Swisscoin distribution model profiting to different categories of businesses, in addition i’d like to give an overview about the technology used by Swisscoin to manage its digital currency.

Distribution Model

SWISSCOIN initial supply will be distributed to several categories of businesses with the following proportion:

- Marketing activity by users takes 1.900M SIC,

- Users worldwide 7.000 M SIC,

- SWISSCOIN Foundation 1.000 SIC

- 100M SIC for the development of products and services to be conducted by the SWISSCOIN team.

Initial owner of coins will be exchanging it to Bitcoin and Fiat currencies at a pre-determined fixed rate. The rate is gradually increased as we get closer to the goal (a number of users in the ecosystem).

Coin owners will have a strong incentive to accumulate coins they hold for reasons of Proof-of- Stake model, giving from 1% to 10% interest per year for holding SIC. This effect will ensure the safety and stability of the whole network by bringing online more full nodes to process transactions and blocks in the system.

Global Payment System

As the number of acceptance points (AP) will continue to grow (currently ~ 500 AP) we expect SWISSCOIN to become a global PS and value transfer instrument. Merchants will integrate SIC to acquire more customers while SIC owners will seek for goods and services to purchase in exchange of coins they hold.

We plan to improve this system by implementing P2P lending capabilities, as well as introducing other financial services on top of it.

Technology

Overview

SWISSCOIN is a peer-to-peer digital currency with a distributed, decentralized public ledger, which unlike those of traditional banks is viewable and easily audited by anyone.

SWISSCOIN uses a Proof-of-Work (PoW) creation cycle followed by transition to full Proof-of-Stake (PoS). Proof-of-Stake is eco-friendly and efficient, and avoids the vast waste of energy and hardware overhead of PoW-based networks. Users who keep their wallet open to secure the network via staking will get from 1% to 10% interest per year.

SIC transactions are extremely fast due to the approach described and get processed within a few minutes. The software (wallet) is open source, so its safety can be audited. Every SWISSCOIN user shares the transaction history, so the ledger is entirely transparent.

From the technological perspective, SWISSCOIN utilizes its own independent blockchain, as opposed to many other cryptocurrencies built on top of existing public blockchains (e.g. Ethereum). SIC uses a pure Proof-of-Stake (PoS) block generation model, ensuring eco-friendly approach to transaction processing. To start deal with the SWISSCOIN, click here. You can contact me on the blog for further information.