Our Goal

Enable wide-acceptance of alt coins for everyday purchases

Curve's goal is to contribute to the acceptance of alt coins from merchants. Not just CURV coins, but all alt coins. Though possible today, "spending" an alt coin requires many steps and isn't a user friendly process. Let's imagine that Sam wants to buy a book from an online merchant using his favorite alt coin. Here are the steps Sam must take to purchase the book today:


Curve's goal is to reduce this process into a simplified user experience:


Regardless of what it takes to pull this off in the background, from the user's perspective, the coins just became more real, with real spending power.

Here is our plan to make it possible:

We will build a service that opens up the possibility for independent nodes to become independent coin swapping services. This is what will happen in the background:

  1. A Swapper must deposit into escrow the total amount they want to swap from users at any given time
  2. User wants to make purchase with merchant. Merchant communicates with Curve API and Curve finds a compatible swapper at the best rate
  3. Curve pays merchant using escrow previously paid by swapper
  4. Merchant delivers product/service to user
  5. Swapper exchanges the alt coin and reloads escrow to continue swapping

About

Designed for Sustainability

Our team has built wallets for blockchain companies in the top 100 and have consulted companies in the top 10. In doing so, we have taken note of plenty of mistakes they are making. Since September of 2017 we have been gathering data on many coins, from the most popular to the up-and-coming, and have modeled data sets to determine the best parameters for launching a coin that has the greatest chance of long-term success. We intend to translate this into not only the parameters of our own Curve Coin, but also into the decision making process that paves the way forward. That said, we also believe in democracy. So with every crucial decision that we need to make, we will first present our position to the community and open up voting to hear the arguments of the many before finalizing.

Based on the analysis that we have conducted, here are some of our notable conclusions:

Masternodes

The Problem:

The way masternode auctions are conducted for the majority of new coins is NOT optimal. Most new coins will auction off 10 or 20 masternodes at a very high amount (2-3BTC), some with low collateral pricing the coin at upwards of $20-40 each. We believe this increases the price of the coin too quickly verses the rate of adoption, isolates masternode spots (limiting network scalability), and ultimately crashes the price when adoption begins correcting for the over-inflated initial offering price and initial investors panic sell.

Our Solution:
  • Sell more masternodes to increase initial adoption and to stabilize holdings.
  • Require more collateral per masternode to protect the investment.
  • Lower (or cap) the initial price of masternodes so early adopters get in at a fair rate that has plenty of headroom to scale.

Curve Coin will auction 50 masternodes, at 25,000 collateral, at a capped rate of 1 BTC per masternode (limiting coins to $0.43ea at the time of writing this). This will represent 5% of the network. We will encourage masternode holders to host their nodes in various parts of the planet (some coins recommend a single VPS, creating a single point of failure).

Exchanges

The Problem:

Many new coins are rushing to exchanges after selling masternodes at a very high price and the volume isn't there to support it, which often leads to price decline. This appears especially true on exchanges that possess less market share. We understand that it's important to ensure the coins have tangible value, and exchanges are the only real way to do this, but we believe there are ways to be more cautious about the approach.

Our Solution:

Early adopters, especially masternode holders who get in at a fair price, stand to benefit the most from a successful coin. However, we can't expect regular traders coming to the exchange, who haven't followed the progress of the coin, to just buy in at a high price and hand us the rewards we seek. So it's important to meet a minimum threshold of publicly available content before we can expect the general public to become excited about what we're doing. As mentioned above, we've found that this effect only compounds on exchanges that have low volume/low market share in general.

Because it is becoming ever more difficult and expensive to get listed on an exchange, Curve Coin will rush the effort to become listed on an exchange as a reservation, however we will schedule the actual listing date with the exchanges to ensure that we have met the threshold of publicly available content and user traction before it goes live. We will have our position of what we consider that threshold to be, but we will open up to community vote for actual exchange launch date. See the schedule below for a brief rundown. In addition, we want to run multiple phases of exchange launches, progressively listing on exchanges of higher volume, because higher volume exchanges enforce an equilibrium with those of less volume.

Use Cases

The Problem:

Most new coins launch today without a differentiating purpose. This makes it difficult to get the general public behind it after being listed.

Our Solution:

There are two phases involved in the creation of this coin. 1.) The appeal to early masternode investors so that the project can start at all. 2.) The appeal to the masses so that the project can go to the next level (thereby benefiting the devs and masternode holders). We are obviously in the phase I (getting off the ground phase). As that happens, we will work with and communicate with our early advocates (via discussion and open voting) to work out the specifics of executing phase II. For now, here is a synopsis of where we think the next level is for this coin:

We believe that widespread adoption and actual usage of cryptocurrencies will be the next transformation of the economy. So we've invented a practical methodology for allowing merchant payment processing with *any* coin, working in conjunction with a "three party" exchange for fulfillment.

Roadmap

  • Wallet release (Linux, Windows), Initial website (basic), ANN on bitcointalk
  • (Starting 2PM UTC) MN auctions, with first-come-first-serve 1BTC cap. These may be split up over multiple days, tbd
  • Finalize website with threshold content release, social networks, create guides, listing on exchange, listing masternodes.online
  • Expand wallet support to Mac, web, Android, iOS. Top tier exchange listing.
  • Develop and release technology allowing three party merchant processing for all coins to drive mass adoption in the form of everyday use.
  • Scale merchant adoption.

Coin Stats

Symbol:
CURV
Max Supply:
25,000,000 CURV
Hash:
Skein
Difficulty:
DGW, 4 hour
Type:
PoW
Blocks:
1.5min release, 50 CURV reducing to 1 CURV over 500K blocks. Currently revising step schedule, will update
Masternodes:
25,000 CURV collateral, rewards starting 50% at block 1500 increasing to 75%. Will update specifics
Pre-mine:
5% (50 masternodes for sale at low capped rate -- funds development, exchanges, advertising, etc) + 1.25% future expenses, continued interest

Credit to Bitcoin, Dash, Verge, Cerberus and Argo for bits and pieces of code we're using


Mining Pools

DataPaw

DataPaw

-a skein -o stratum+tcp://us-west.datapaw.net:4933 -u [wallet] -p c=CURV, [OptionalRigName]

ProtoPool

ProtoPool

-a skein -o stratum+tcp://eu1.protopool.net:4913 -u [wallet] -p c=CURV

AltMiner

AltMiner

-a skein -o stratum+tcp://eu.altminer.net:1106 -u [wallet] -p c=CURV

HashFaster

HashFaster

-a skein -o stratum+tcp://hashfaster.com:20006 -u [wallet] -p c=CURV

Tiny-Pool

Tiny-Pool

-a skein -o stratum+tcp://tiny-pool.com:4934 -u [wallet] -p c=CURV

gos.cx

gos.cx

-a skein -o stratum+tcp://yiimp.gos.cx:4934 -u [wallet]-p c=CURV

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