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"Magical Internet Money (MIM coin)"

Bold textMagical Internet MoneyBold text or "MIM coin" is a crypto-currency alternative to Bitcoin launched on February 13, 2014. There will be an estimated 14,824,000,000 MIMs to be distributed within its first year. The "MIM coin" developers will implement a "Kimoto Gravity Well" mode of difficulty algorithms for its miners and can be mined using scrypt based proof of work. As claimed by its marketing during its launch. MIM is a true CURRENCY. MIM is similar to traditional fiat currency but differs because there is no central authority, all transactions are transparent, and the rate of inflation cannot be changed without public consensus. MIM is a crypto CURRENCY." https://bitcointalk.org/index.php?topic=464184.0

Here are the stats provided by its development team: Stats Difficulty Algo - Kimoto Gravity Well Block Target - 0.5 minute block targets Proof of Work - Scrypt Coincap - None Steady inflation of 10 billion new coins per year. Premine for IPO - 0.1% fully distributed Longevity - (Estimated)90 years to mine all MIM coins.

Block Rewards

Block 1 gives a 0.1% Premine. Block < 2880 rewards 1000 MIM Block < 86600 reward is 40000 MIM Block < 172800 reward is 20000 MIM Block < 259200 reward is the standard 10000 MIM

Distribution 1st Year: 14,824,000,000 Post 1st Year: 10,512,000,000/yr . The MIM coin is being supported by the Franko Collective, a a high-value decentralized Internet currency that enables anyone in the world to receive instant payment for goods and services based on the "litecoin" protocol.

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