EtherGem [EGEM] is a stable POW pure community-based coin with no premine / no ICO with applied technologies peernet, per block endowment and 3 Eras of reward reduction.
The EtherGEM blockchain is an ethereum network, meaning it starts with the tested and proven ethereum (as in ETH) core technologies and builds from there. Technically EGEM is a Ethereum chain as described in the yellow paper, with EIP150, EIP155, EIP158 applied from block 0. Block Rewards have 3 Eras of reduction, including a dev reward enabled after block 5000. Developers and Community Managers are bound by a continuity agreement to maintain the network, community, and coin. There is no cap to EGEM at the moment. a monetary cap will be put in place when the community determines that a logical progression would be to cap the coin.
Blocktime: 13sec target (depends on Diff ALGO.)
Custom Difficulty Algo.
Algorithm: PoW Dagger Hashimoto
An “applied technologies peernet” is where the EtherGem blockchain grows on a mineable token sidechain. Dual mining ethergem and a token on claymore is something new. The EGEM sidechain is designed to be very much an integral part of ongoing mainchain development where peers can implement new technology while continuing to reply on a solid foundation. The sidechain and token will be available shortly after the mainnet release.
Rewards Pass in what we call Eras, there are 3 of them that span close to 10 years and taper the rewards along the way so there is no max supply and the dev reward that’s included in each block is reduced to make sure its fair as possible for everyone,
and also keeps development moving and not going stale.
MINER REWARD ERAS
Block 0 – 5000 is the fair launch period with a very aggressive difficulty adjustment. (8 block reward)
Era0 5001 – 10,000,000 (Block reward of 8 to miner, dev reward eras start.)
Era1 10,000,000 – 20,000,000 (Block reward of 4 to miner)
Era2 20,000,000+ (Block reward of 2 to miner)
DEV REWARD ERAS
Block 0 – 5000 (no dev fee.)
5001 – 5,000,000 (1 to dev fund)
5,000,001 – 10,000,000 (0.75 to dev fund)
10,000,001 – 15,000,000 (0.5 to dev fund)
15,000,001 – 20,000,000 (0.25 to dev fund)
20,000,000+ (0.1 to dev fund)
OPAL (This is our custom made light/fullnode wallet that will be released at launch with the coin.)
Metamask (Popular chrome extension wallet.)
JSONRPC: https://jsonrpc.egem.io/custom (For use with meta mask and for developers to design dApps with.)
https://vicex.io/ (COMING AFTER LAUNCH)
TeamEgem Exchange – ex.egem.io
EGEM is not on whattomine yet and as of today you can make (x – unreleased) coins with 100 MH/s.