24hrs After Launch

gdn

We are very pleased with our launch day so far 24hrs hours in and we have 4 pools, and Exchange and we reached a network hashrate of 2GH/s.

We are in talks with more exchanges and we will be updating our bounty list in due course with the next stage of our development plans.

We need all of our miners to assist us in promoting GDN during our launch period and help us spread the word of Global Denomination. Facebook, Twitter and reddit posts will be tipped. Just let us know in gdtalk.org of the work you have been doing and a tip will follow shortly(leave your wallet address).

During the next 5 days, we will be stepping up our marketing and development of currency. Our aim is to create a currency that has rapid developemnts and we want to provide as many services as possible for your GDN.

Calling all Developers, we need you!. We are looking for dedicated inviduals with experience in the crypto currency scene to join us in creating service for Global Denomination.

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Official Launch Announcement Update

gdn

This is the official announcement for Global Denomination, A Global Crypto-currency. We are based on the Bitcoin and Litecoin Networks but with several important improvements that we wanted to implement such as the X11 Hashing Algorithm and faster transactions [1 Min Blocks]. We also wanted our crypto-currency to have a fair Launch when we announced it but we now are planning on pre-mining [0.05%](28,000 GDN) To help us create a funtioning community upon launch day.

We decided this based our experiences prior to launch that we needed to be able to offer Denominations as an incentives to our users to interact with each other on the forum and to help build our community. Such as, Denominations for the official faucet, tips for posts in the forum, bountys for services and much more.

We are not a scamcoin that is made just to pump and dump, this decision was made to benifit the currency not the dev team.

We have target block times of 1 minute, a starting block reward of 40 GDN, rewards mature after 5 Blocks, Rewards halve after 700k Blocks. A total of 56 million GDN to be mined

The 28,000 GDN Pre-mine will be used in the following way

Total of 8,000 GDN will be used in public bounty's for services and rewards for a period of 6 months - listed in public on gdtalk.org from launch

Total of 2,000 GDN will be made availble to and then given away in the Official GDN Faucet this will be refilled from the kitty if needed

Total of 5,000 GDN will be used over 6 months for marketing, development and gaining exposure for Global Denomination - This will all be documented in the forum

This will leave 13,000 GDN in the dev kitty for forum tips, future development costs, bounty's etc - For the Dev Team to use for the long term benefit of the currency. Any allocated funds that are unused will return to the dev kitty

We are not looking to profit from the tiny pre-mine [0.05%] , we merely want to be able to offer incentives to our users / miners during the the launch period and to aid us in the launch of Global Denomination.

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