Introducing the Quintessence System,
the upcoming decentralized online network of currencies. With a new approach on tokens, this network will function with Spark Token, a multi blockchain token that will simplify and improve the current 2.0 tokens by bringing to the world a system that includes today's important features. All in one single token. Sidechain, Smart Contracts: with Quintessence, it's your choice how you develop your project, now as a developer you will have the option to take the path that suits you best.
It is expected that such a large-scale project as Quintessence requires a certain amount of resources to make it happen; crowdfunding also allows people to take part in the action at a low price early on. For these reasons, this System starts with a crowdfunding effort. The ICO starts on September the 12th; the tickets to participate in this project are the Crypto Bullion (CBX) coins, which you can purchase from https://www.cryptopia.co.nz/Exchange/?market=CBX_BTC]Cryptopia or https://yobit.net/en/trade/CBX/BTC]Yobit.
We have created a website which informs you better about this project, and where you can make your CBX contribution:
http://cryptotokensico.com/]http://cryptotokensico.com
More importantly, here is a link towards: http://cryptotokensico.com/QuintessenceWP.pdf]our Quintessence Project White Paper
A new token, Spark, will be created to make the Quintessence System turn. One difference with other crowdfunded coins is that the devs don't get any Sparks for free, we have to buy them with CBX just like everybody else. We cannot be certain of the outcome of this crowdfunding ICO, but we expect there will be around 1 billion Sparks (SPK) at launch. After this however, the money offer won't grow too fast as we will maintain a 1% money supply growth for the rest of this token's existence.
The crowdfunding schedule will operate with bonuses, where the earliest contributors will earn the most Spark tokens once the blockchain is ready. The basis for your CBX contributions is 1 CBX gets 4000 Sparks, once the blockchain is ready. As mentioned earlier, Day One is September 12th
Day one: 30% bonus
First week: 17% bonus
2nd week: 10% bonus
3rd week: 5% bonus
4th week: no bonus
The Crypto Bullion coin, a veteran in the altcoin scene, not only will be useful as the ticket to this crowdfunding ICO, it will also be part of the Quintessence network as the investment counterpart. While Spark (SPK) will be the workhorse, Crypto Bullion was designed as the investor's coin. CBX has a small money supply: there are only 1 million Crypto Bullions in circulation, with a low inflation of 2%. This 2% is awarded to people who are securing the CBX network through CBX's PoSP algorithm, which translates to much higher gains for stakers.
We think that this crowdfunding that requires many CBX could have a positive effect on the value of CBX while it is taking place, and after; this is part of the plan, as we want to build value for the Quintessence System. Depending on how CBX's value evolves, it is possible we could accept as many as 250 000 CBX in this program, so we gather the resources necessary to make this project happen.
Here are the places where you can get more information about CBX, and install your personal Vault to your computer:
https://bitcointalk.org/index.php?topic=951753.0]Bitcointalk CBX thread
http://cryptobullion.io/]Main website is CryptoBullion.io
You can buy CBX to participate to this crowdfunding at:
https://www.cryptopia.co.nz/Exchange/?market=CBX_BTC]Cryptopia and https://yobit.net/en/trade/CBX/BTC]Yobit
https://bitcointalk.org/index.php?topic=1600523.msg16077294#msg16077294]Quintessence Russian thread https://bitcointalk.org/index.php?topic=1600393.0]Spanish Quintessence thread
https://bitcointalk.org/index.php?topic=1600699.0]Quintessence German thread
https://bitcointalk.org/index.php?topic=1600471.new#new]Indonesian Bahasa thread
https://bitcointalk.org/index.php?topic=1600864.msg16081205#msg16081205]Quintessence Dutch thread https://bitcointalk.org/index.php?topic=1602158.new#new] Quintessence Italian thread
https://bitcointalk.org/index.php?topic=1600340]Hindi Thread for Quintessence
https://bitcointalk.org/index.php?topic=1600344.0]Quintessence Portuguese Thread
Thank you for reading this information OP; we will post more information regarding this exciting project on a regular basis.
Please feel free to post any questions you might have regarding Quintessence on this thread
The Quintessence crowdfunding effort is featured in:
Earn some easy CBX for posting around in Bitcointalk! https://bitcointalk.org/index.php?topic=1601270.msg16085647#msg16085647] Quintessence Signature Campaign
