RESQ is an open source crypto-currency
RESQ chain was born from seeing a multitude of Dev abandoned projects where communities were trying to take over to regain some value to their investments.
Dev abandoned projects are common occurrence in the blockchain space and can happen for multiple reasons (lack of funding, exit scams, personal issues or commitments). While a large majority of coins have no real use case, some of these coins have an underlying potential to succeed with the correct team and funding. RESQ aims to assist by providing funding viable, abandoned projects that show a strong community support in hope that the project can reach its true potential as well as return some value to initial project investors.
RESQ Chain’s primary focus is to build and keep communities together to help them succeed, we believe that the value of blockchain technology is derived from the community that is willing to support it.
The goal of RESQ is to achieve a decentralized sustainable crypto currency with near instant full-time transactions, fair governance and community intelligence.
- Fast transactions featuring guaranteed zero confirmation transactions, we call it SwiftX.
- Decentralized blockchain voting utilizing Masternode technology to form a DAO. The blockchain will distribute monthly treasury funds based on successful proposals submitted by the community and voted on by the DAO.
More information at resqchain.org Visit our ANN thread at BitcoinTalk
| Algo | Quark |
| Block Time | 150 Seconds |
| Difficulty Retargeting | Every Block |
| Max Coin Supply | 535000000 |
| Premine | 144 762 450 RESQ* |
| Genesis Block | |||
|---|---|---|---|
| Block Height | Reward Amount | Notes | |
| 1 | 144,762,450 RESQ | Initial Pre-mine, used to swap on RESQ coin supply to new chain | |
| Phase | Block Height | Masternodes | Miner | Budget |
|---|---|---|---|---|
| Phase 1 | ||||
| 2-250 | 0% (0 RESQ) | 100% (1 RESQ) | N/A |
| Phase | Block Height | Reward | Masternodes & Stakers | Budget |
|---|---|---|---|---|
| Phase 2 | 250-500 | 10 RESQ | 0% (10 RESQ) | 100% (0 RESQ) |
| Phase 3 | 501-275000 | 800 RESQ | 90% (720 RESQ) | 10% (80 RESQ) |
| Phase 4 | 275001-375000 | 600 RESQ | 90% (540 RESQ) | 10% (60 RESQ) |
| Phase 5 | 375001-575000 | 400 RESQ | 90% (360 RESQ) | 10% (40 RESQ) |
| Phase 6 | 575001-775000 | 200 RESQ | 90% (180 RESQ) | 10% (20 RESQ) |
| Phase 7 | 775001-975000 | 100 RESQ | 90% (90 RESQ) | 10% (10 RESQ) |