A new advanced cryptocurrency by GryfenCrypto that seeks to solve many ills that are currently found in the cryptocurrency economy.
GryfenCoin does not have many of the same limitations that are found in the Bitcoin & Litecoin economies and takes lessons learned from hundreds of failed altcoins.
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GryfenCoin PitchDeck
1. In nobis: confidum
“In us we trust”
PreOrder Almost Finished
Launching August 20th, 2014
GryfenCoin
2. Introduction to GryfenCoin
Official Website: http://www.GryfenCoin.com , http://www.GryfenCo.in , http://www.GryfenCryp.to
Earn Gryfencoin by mining, using the
GryfenCoin network, Gaining Interest, Playing
the GryfX Crypto Options Market and for
completing simple offers.
9. Blake 415 Algorithm
Our algorithm is a modification of the X-15 Algorithm that has become
extremely popular lately. Even though the X series algorithms have a reduction
in energy used we felt we could reduce the energy and lose next to nothing in
security - all while securing the blockchain and adding new blocks.
The first pass of hashing is Blake - then there are 4 Algorithms picked from the
X15 set picked at random that are run. GryfenCoin has ⅓ the hashing rounds
but nearly the same level of security.
Sensible & environmental: Invented by Stefano Frangella, CTO GryfenCrypto.
10. Proof of Work continued..
★ 2.5Billion Coin Premine(0.25%) -> will attract lots of traders with a good early
adopter bonus - Premine Reduction target of 250 million GryfenCoin (0.025%)
★ 2.5 Billion Premine reduces to maximum of 500 Million.
★ 500 Million Maximum Limit of total supply of coins held by House Options Market,
any surplus automatically sent to the super faucet- this is to create a flow in the coin
supply to bring balance - bringing inflationary and deflationary pressures equally at
force to stabilize with market forces.
★ GryfenCrypto can also optionally burn off coins in our supply regardless of the total
control.
12. GryfenCoin Mining Fees
50% of Mining Transaction
Fees go to house:
● ¼ used for a
Superfaucet (only wallet
users)
● ¼ to the GryfenCrypto
House account
● ½ to go to the miners
17. Buying GryfenCoin
Distribution Outline:
● Premine Backs options market
● Selling 5,000 Shares Every Week of weekly stake(2.5%) on the Premine Account
● All Funds will be held in public wallets with transactions obvious and public with transaction
records
● House 0.25% premine & subsequent house account holdings 0.025% are used ONLY to
back the options market and all transactions are kept public.
● Any coins sold directly from premine account will be accounted for and only used to add
physical backing to
● Brokered Coins also sold
18.
19. What we’re working on.
Web Trading App, Android App
● Working on Right now
● Trading app/HTML app(gryfX)
● Android App(gryfen.co) + GryfenCoin wallet
GryfenMultipool - Web based multipool
● Based on Node.js
● Mines Low/No Value altcoins, trades them for btc, buy gryfencoins
from exchanges
● Secure, Recordless, Instant Transaction through Proprietary Coin
Mixing platform built on GryfenCoin
20. Multipool used either to short crappy altcoins and add to GryfenCoin’s value or to secure our secure
payment network.
21. Intro to GryfenVault
● The purpose of using an actual stored value mechanism that we can insure
means no Mt. Gox incidents, no fractional reserve lending, no losing your
money period.
● We will conduct public monthly audits, and deposits are fueled by grfyX
Daily Exchange Turnover
● Besides the inherent upwards price pressure due to just the mining, the
electricity, the infrastructure used (like in Bitcoin), there will be the added
upwards price pressure of the stored value.
22.
23. Follow GryfenCoin’s Success
Social Media:
Twitter: @GryfenCoin
Facebook:GryfenCoin
Reddit: GryenCoin
IPO, Shares, Coins: gryfX.com or GryfenCo.in/register
Contact: GryfenCoin@Gmail.com
24. Get Involved in GryfenCoin
First month stake sale of 62,500,000 GryfenCoins(4 BTC)
Have GryfenCoin before anyone else.
20,000 Shares for sale @ 0.0002BTC/share or $0.12,5 cents/share.
On Launch, August 20th 2014, 1 Share will be redeemable for:
G3,125 Gryfen Coins
Learn More and Buy GryfenShares
Now taking Bitcoin - Contact Us for USD/EUR/GDP/YEN