The Skorch Token (SKO) smart contract was deployed and released to the public to allow everyone to begin at the same hash rate.
ICOs do not support the purpose of what cryptocurrency is meant to be, DECENTRALIZED. They require over head and central figures which tends to lead to centralized problems.
PoW + PoS
Skorch Token is the first Proof of Work / Proof of Stake-mineable ERC-20 token on the Ethereum network. The PoW attributes share the same halvings, total mineable supply, eras and algorithm of Bitcoin.
Staking Skorch Token
Skorch allows tokens holders to receive 1.3x (30%) their token balance from automatic staking of 21,000 SKO in the first year. Each year after the Proof of Stake requirement and rewards decrease until both reach ZERO.
Decentralized & Peer-to-Peer
There is no middle man! Just you and the code (smart contract). Even when transactions occur between two parties, you are in control. Skorch Token remains true to decentralization.
Unlike Ethereum, which needs to be wrapped (wETH) to function like a token, Skorch works from the start with smart contracts just as any ERC-20 token would.
- Token mining software such as: COSMiC or MVis Token Miner
- A computer or mining rig capable of running the above software.
- An Ethereum (ERC-20) Compatible wallet with an ETH balance.
- An Infura.io API Key (http://infura.io/signup)
The Skorch Token PoW+PoS smart contract was developed, audited and tested to ensure quality before launching on Main Net.
SMART CONTRACT DEPLOYED
Skorch Token PoW+PoS smart contract is deployed to the Ethereum network mainnet
Our official whitepaper will be released detailing what our project focus is as well as future implementations of Skorch Token, including Draken Protocol.
DRAKEN Protocol will be a series of Ethereum Dapps in which the core functionality will utilize Skorch Token.