ChainZilla Pulse December 18'
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December 18'
Ask me Anything: The Chainzilla team answers questions placed by the community
On November 23, The Chainzilla team uploaded a video to it’s YouTube Channel in which the Chainzilla’s CEO (Charles Gonzales) answered a series of questions made by the community via Twitter.
The questions ranged in different topics such as: Cost of Chainzilla’s services, Project marketing, Services availability by country and more.
You can watch the full AMA in the following link: https://youtu.be/Dx5DEtcWMik
Chainzilla is now available in Magnum wallet: Now you can store and use your Chainzilla and Komodo coins in the Magnum wallet.
The Magnum team has developed a multicoin web wallet called Magnum Wallet. ChainZilla struck a partnership with Magum in order to add Komodo (and it’s 5% Stake/Reward for Komodo holders to their wallet) and also the addition of the ZILLA coin. ChainZilla will become a preferred onboarding partner for Magnum products such as whitelabel wallets.
Do you want to be added to Magnum or know a project that does? Contact us right at hello@chainzilla.io and win a referral bonus!
How to create a wallet: https://youtu.be/Lvch2lFNCpI
Komodo Platform Upgrade Announcement
ChainZilla uses the technology stack developed by Komodo Platform. It is also one of the platforms that we promote and offer our clients. On november 27, the Komodo team announced a major upgradeto the entire Komodo ecosystem that requires a fork . Some of the characteristics of this upgrade are:
-Sapling Upgrade
-VerusHash algorithm, bringing near-equality between CPUs and GPUs with the fastest CPU mining algorithm in the world
-VerusPoS algorithm, allowing for a 50/50 hybrid blockchain, which can be combined with either 50% VerusHash or 50% Equihash for the proof of work component.
-Time Locking, which allows mined rewards to be time-locked for random release, within a set of parameters.
-The “Eras” parameter (ac_eras), allowing 3 eras of different coin emission schedules to be defined which alter emission, including slow start options, and linear exponential decay at specific, predetermined block height schedules.
Chainzilla’s PRE-ICO Update
Due to current market conditions we made the decision to reduce the amount of tokens that will be sold during the ICO and also reduce the amount of time of the sale. The total amount of coins that will be sold will be 1 Million ZILLA. The remaining coins will be kept in a time-locked address for 1 year. Our team will reassess market conditions. We strongly believe that ChainZilla will make enough revenue that a secondary sale will not be needed. In such case the coins that were allocated for the ICO will be locked perpetually.
This reduces the total amount that we will raise from 2,250,000 USD, to 350,000 USD. There will be 2,500,000 ZILLA in circulation. Investors that participate during our sale in January will also receive a 15% discount from the original price of $0.45.
Video Update: https://www.youtube.com/watch?v=GtQ074CQ4_0
ZILLA Blockchain Overview
Coins emitted: 11,000,000
First airdrop (took place already): 1,000,000
Second airdrop (date tbd): 1,000,000
Pre-ICO (February 1–30, 2019): 1,000,000
Coins locked for one year (ICO): 4,000,000
ChainZilla Fund locked for one year: 4,000,000 (500,000 released)
Total coins in cicrulation (after ICO): 2,500,000
January Token Sale Overview
Softcap: $100,000
Hardcap: $350,000
Tokens for sale: 1,000,000
