The Pennykoin Network is an encrypted blockchain that masks all transactions. It is designed to run well on lower spec devices such as old computers, raspberry pis, or mobile phones.
Pennykoin is a private, secure, cryptocurrency that focuses on preserving your privacy, and being easy to use.
In out GUI wallet, you have the option of depositing your Pennykoin. The amount must be over 25,000 and you may not spend until the funds are released, which takes roughly 3 months.
Once a deposit has been made, the funds are locked for 43200 blocks, or roughly 3 months. When the funds unock you receive an additonal 1% of the funds deposited. If you redeposit every 3 months you will earn 4.4% annually.
You don't have to take any additional steps to make a private transaction. You may not send a transaction that is not anonymoud through any of the wallets.
Keeping your account private is as simple as not giving out your address, so that it isn't linked to you.
Safety of user funds is one of our core values. In the year Pennykoin has been running, there have been no rollbacks or loss of user funds.
Keeping your personal finances safe and secure is part of our mission.
Mining is how the majority of Pennykoin is created. All Pennykoins are either mined, or awarded as interest.
There was no premine, and developers have no advantage, we must mine like everyone else.
Sending ANY amount of Pennykoin costs .01 PK. We will be raising the fee to a flat fee of 1 PK later this year.
Pennykoin allows you to send an encrypted message through our blockchain. Your data is protected by the cryptonote protocol, the industry standard for blockchain privacy.
Messages can be set to self-destruct, so it can be even more secure.
You send a message the same way you send Pennykoin, to someone's public address.
There is a maximum of 10 billion pennykoin that will ever be emitted.
We distribute coins much slower than many currencies, this is to leep it profittable for miners for many years to come.
The first year 20% of maximum supply(2Bn) was emitted, the second year will be 10%(1Bn), then we will freeze at 5%(500M) for at least 5 years.
There will be a decision to be made at that point.
We are available at several exchanges. The reccomended ones are:
You can view the roadmap at https://pennykoin.com/wp-content/uploads/2019/03/roadmap2-1.pdf . As it changes we will update.
Pennykoin is not a business, company, or organization. Pennykoin is an opensource project with volunteers all over the world.
Nobody is in charg of Pennykoin, Jerry Howell runs the github for the main implementation of the CLI and GUI tools.
Pennykoin is intended to be used as a currency, nothing else. owning Pennykoin simply means you posess Pennykoin currency.
A proper blockchain is immutable, or permanent. Once a transaction is written to the chain, there is no reversing the payment.
This is security for vendors.
The GUI wallet for windows, arm processors, and mac ( working on it) Can always be found at https://github.com/Pennykoin-Dev-Team/pkgui/releases .
You can generate a paper wallet at https://pennykoin.com/wp-content/uploads/2019/03/Pennywallet.html . For extra security you can download the HTML file and run it on a computer not connected to the internet.
The best bet is discord : https://discord.gg/Yk3yRJh
You can also leave a message on Jerry's twitter : https://twitter.com/pennykoin1