More about foundatioN
The defining characteristic of Einsteinium is its purported charitable mission.
Einsteinium the coin is connected to the Einsteinium foundation.
A Bitcoin-like currency with a philanthropic side goal of funding scientific research let community members vote on which worthwhile scientific research projects the proceeds should be awarded too.
Scientific research it is [sic] a long-term investment in our future, and the future of our planet.
Funding around the world for the ‘big ideas’ has fallen dramatically in recent years.
There is no restriction on eligible projects other than that the science involved is pushing our understanding forward and could build us a better, safer future.
To reach a wider audience than just the mining community it is essential that Einsteinium is freely traded on the exchanges and used for purchasing goods and services.
Einsteinium should be as available as possible to as many people as possible to enable that trading.
The Einsteinium Foundation (EMC2 ) is embarking on a truly ambitious project that will likely change how cryptocurrency (CC) is viewed outside of the CC universe.
EMC2 automatically donates 2% of every block mined to the Foundation Fund to be used for donations. The mining of Einsteinium is divided into Epochs: each Epoch mines 36000 blocks of coins and is targeted to last approximately 25 days. Every 25 days, at the end of each Epoch, a new ground breaking scientific cause is selected to receive Einsteinium Foundation funding.
Like Bitcoin, Litecoin and Dogecoin, Einsteinium is a distributed peer-2-peer digital currency released without any premine. EMC2 implements the primary innovation of Wormhole Mechanics. To reward long term miners each Wormhole Event occurs randomly during each epoch and is 180 blocks long; with a reward of 2970 EMC2 per block.
The Einsteiniumcoin is released by the Einsteinium Foundation. The Einsteinium Foundation exists to raise money to help fund cutting edge scientific projects. They launched Einsteinium, March 1st, to help them realize their goal of funding cutting edge science.
Einsteiniumcoin uses a POW scrypt algorithm and will have a total of 299 million coins . 2.5% of each block will go to the Einsteinium Foundation with 2% to be given to science projects and .5% going towards faucets, give-aways. and marketing. Einsteinium had a good launch and there was no premine.