KibiCoin (KIC) - Dead Coins

KibiCoin (KIC) - Abandoned or No Volume | Coinopsy

KibiCoin was founded in 2016, it is not trading on any exchanges. KibiCoin was added to the dead coins list due to being Abandoned or No Volume. Founder/CEO is Unknown.

Summary

  • Main reasons for dead coin listing Abandoned or No Volume.
  • Started 2016, Ended 2018.
  • Social media ended 2017.
  • Trading ticker (KIC).
  • 14,701,000 Coins total.
  • Not available to trade on any exchanges.
  • Was built on standalone blockchain.
  • Website is still up.
  • The Founder/SEO is Unknown.

Further Details

Notes

How much has been premined? Planned premine: 4000000 KibiCoin (1.56% as seen in increased block reward for block #2) Actual premine: 6419200 KibiCoin (2.5%, see explanation below) Why was there more premine than expected? Initial mining difficulty was set to the same value as for litecoin and that is far to low to start with today. To correct this we mined 16128 bocks. Why 16128 blocks and how much more premine did this cause? Difficulty retarget happens every 2016 blocks (3.5 days/retarget times 24 hours/day times 60 minutes/hour divided by 2.5 minutes/block). Every retarget can increase diff with not more than a factor 4. Therefore we had to mine 16128 blocks for 8 retargets to happen to bring difficulty to 16. We had already calculated for a premine of 4 million KibiCoin, all mined in the second block as you can see in the source code. Because of this unplanned additional premining to get a reasonable diff we instead have 4000000 + 2419200 = 6419200 KibiCoin premined.

Links

https://coinmarketcap.com/currencies/kibicoin/ https://bitcointalk.org/index.php?topic=1660419.0

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