About Smart Green Coin

The thesis which kicked off studies of this project was based on the creation of a decentralized payment network with energy efficiency and sustainability. Studies by the University of Hawaii in partnership with UNESCO, have an argument, which warns about global warming, and how bitcoin and decentralized payment networks may have influenced this process over the past ten years. Previous researches have already raised some catastrophic effects by rising 2°C on our planet such as sea levels rise and loss of biodiversity. Considering those type of Cryptocurrencies uses the POW (Proof-of-Work) belong to one of the many classes of virtual currencies, are constantly being processed by computers a servers around the world, scientists are worried about how much this virtual decentralized network system can cost to the environment. We should also consider, the increasing hashing power demanded by cryptocurrencies, according to statistics, in the next 15 years the world can enter an energy "crisis" unprecedented in history. Taking all that study and research into account, Smart Green adapts the idea of POS (Proof-Of-Stake) mining, not only validating and participating in the transaction authentication process through Masternode, but also PRODUCING coin blocks along the way. Furthermore, in addition to optimizing processes, we have reduced the need to use so much computing power therefore reducing energy, since PoS mining, can be done through a simple computer, which is already being used for several other day-by-day functions, with no need for complementary hardware solution or special computing power, thus becoming a sustainable and technologically revolutionary way in the decentralized payment network market SmartGreen, through its user network, who are concerned about the future technologies and the environment, will reserve 8 billion SMGR units to be used in social projects, sustainability and propositional actions for a fairer universe, where technology and sustainability play on the same side not against each other. Our actions aim to insert a regular individual into the Crypto-active world, with a "clean" and sustainable crypto-active. By this thesis, we will mobilize largest number of people including famous and notable that will be part of this stream INTELLIGENT GREEN. We give you, "SMART GREEN"! .

Problem & Solution

In few words we'd like to give you an idea on how our platform will fix environmental issues.

Problem

Proof of Work
  • Power hungry, enough engery to power a small country.
  • Incentivizes centralized mining farms
  • Advanced technical knowledge required

Solution

Proof of Stake
  • ECO friendly, minimal resources reuired.
  • Truly decentralized staking (mining)
  • Very little technical knowledge needed

Problem

Single Tier Masternodes
  • As the network grows, rewards takes time.
  • One masternode could become expensive
  • Reward split between stake/masternode/budget

Solution

Multi-tier Masternodes
  • Affortable masternodes by tier.
  • Each tier will receive rewards for each block
  • All block reward goes to masternodes
graph

Multi-tiered Masternodes

Relying only on the most advanced aspects of the world leading cryptocurrencies, we propose to use masternodes to ensure network stability.

A common self-budgeted crypto projects (DASH and related) the coinbase has three outputs. The first one is for miners, the second for the masternodes, and the third for the budget system. If there are several tiers of MNs, there still is only one coinbase output, regardless of how many tiers does the project have.

In the case of SmartGreenCoin, we use the technology developed by XDNA team that consists in a unique system with six coinbase outputs. Thanks to that, masternodes belonging to all three tier receive reward for each block.

Following figure presents the comparison of the common MN reward system and our T.N.T.

Coin Specification

Max Supply
100 billion
Blocktime average
1 minute
Block Reward
9560
Hashing Algorithm
Keccak
Collateral Level 1 450,000 SMGR
Collateral Level 2 550,000 SMGR
Collateral Level 3 650,000 SMGR
Reward Level 1 15% of the block
Reward Level 2 30% of the block
Reward Level 3 55% of the block
Token Sale III March 25- April 15
20% Bonus $0.354344/token
PoW Phase duration 500
PoS starting block 501
PoS Phase duration Unlimited
# transactions duration 6
Blocksize 1MB
Maturity 100

Premine Allocation Forecast

chart
  • 15 BTotal premine (15 %)
  • 8 BPhilanthropy (53.33% of Premine)
  • 5 BAirdrop/ICO (33.33% of Premine)
  • 2 BTeam and Founders (13.33% of Premine)
chart
  • 8 BTotal (8 B)
  • 3 BNext year to 2023 (37.50% of Philanthropy budget)
  • 3 BFrom 2023 to 2028 (37.50% of Philanthropy budget)
  • 2 BFrom 2028 to 2038 (25% of Philanthropy budget)
documents

Read Our Documents

Here is our full documents that help you to understand about us. And lorem ipsum dolor sit amet, consectetur adipiscing elit.

Download Wallets

We love open source! You can check out our Github account and download our wallets.

Roadmap

Our team works hard everyday to build an awesome product and invision the future always keeping an eye on the environment, here's we've been planning.

Q3 2018
Inception
  • Brainstorm and Kickoff
  • Roadmap creation
  • Whitepaper creation
Q3 2018
Development
  • Visual identify development
  • SMGR core development
  • Explorer and website development
Q4 2018
Prepare / Release
  • Premine
  • PoW phase
  • Setup wallets for PoS
  • First Masternodes
  • Public Release
Q4 2018
Listing / ICO
  • Bitcointalk Announcement
  • Listing on websites
  • Listing on Exchange #1
  • Lisitng on MN monitoring services
Q1-2/2019
Philanthropy
  • Form / Website development
  • Launch project acceptance
  • Consolidate and select first 3 projects
  • Launch platform for voting
Q3-4/2019
Stability
  • Focus on improving
  • Improve Philanthropy platform
  • Improve wallet coinbase code
  • Create mobile app projects mgmt
Q1-4/2020
Partnerships
  • Partner with crowdfunding sites
  • Partner with well known philanthropes

Exchanges

partner
partner
partner
partner
partner
partner
partner
partner
partner
partner

Listing

partner
partner
partner
partner
partner
partner
partner
partner
partner
partner

Portfolio

partner
partner
partner
partner
partner
partner
partner
partner
partner
partner

Contact Smart Green Coin team

Any question? Reach out to us and we’ll get back to you shortly.

  • contact@smartgreencoin.com