What is SUB1X?
SUB1X is an ultra low supply, community driven cryptocurrency. It started off as an ERC-20 token with over 80% of the supply being distributed in the form of an airdrop. In order to achieve its long term ambitions, the development team decided that creating a dedicated masternode compatible SUB1X chain was the best method forward.
Why invest in SUB1X?
Scarcity- A supply of just 10,000 means SUB1X will be the lowest supply masternode coin to date
Masternodes- The implementation of high reward MNs with annual returns of 1000%+ whilst maintaining modest inflation.
Anonymous Tech- The integration of zerocoin protocol will allow users to remain completely anonymous whilst making transactions. As a result, payments can be made across the chain with complete privacy.
Community Governance- SUB1X is decentralised at heart, sticking to the core principles that make crypto appealing. Once additional roadmap goals have been satisfied, decisions will be made by node holders via governance masternode voting.
Fair Distribution- SUB1X has an extremely fair distribution process because of its origin as an airdropped ERC-20 token. Consequently, no one user holds a monopoly over the supply.
Instant Transactions- SUB1X has 6 second block times - the lowest of any coin, making transfers across the chain instantaneous.
- 100% PoS
- Annual Inflation
- Block Target
- 6 seconds
- Transaction Fee
- 0.0001 SUB1X
- Block Maturity
- Masternode Collateral
- 20 SUB1X
- Masternode APR
- Min Stake Age
- 3 hours
Official block explorer: SUB1X Block Explorer
Source code: GitHub
- MN Rank
- Coming soon
- Coming soon
- Masternodes Pro
- Coming soon
Masternode Reservation Program
All nodes were reserved on a first come, first served basis. In the situation that one node is sold, an opportunity will arise for another user to reserve that spot.
What is the purpose of SUB1X?
The advantages of anonymity, fast transfer speeds and extremely low transaction fees will make SUB1X an attractive alternative for merchants. By Q4 2018, SUB1X will fulfill its purpose as a payment method for multiple online vendors.
What are the long term ambitions for SUB1X?
The main aspiration of SUB1X is to be used as a means of exchange for online businesses. SUB1X boasts features that make it an ideal currency:
- Convenience: The fastest transaction times of any coin (6 second blocks)
- Fungibility: Ultra anonymous tech (zerocoin)
- Affordability: Virtually non-existent transaction fees (0.0001SUB1X)
What blockchain is SUB1X running on?
The intentions of this project have always been community oriented. It started out as an airdropped ERC-20 Ethereum token, but to satisfy longer term goals, a swap to a dedicated SUB1X chain (based on PIVX technology) was necessary.
How do I start staking coins?
To stake coins, you must transfer them into your wallet and wait 3 days for the minting process to be finished. For the staking process to work, you must leave your wallet running on your computer/virtual machine 24/7.
How do I setup nodes?
The requirements to set-up a Masternode are:
- The official SUB1X wallet,
- 20 SUB1X
- VPS server (Recommended requirements - 512MB+ RAM)
What exchanges are planned for the future?
SUB1X will be listed to Coinsmarkets and Stocks.exchange by the end of December 2017. There are also plans for getting listed on Cryptopia in the near future.
Once the first phases of merchant integration have been rolled out, we will aim to list SUB1X on more reputable exchanges.
Roadmap 2017 - 2018
Swap from ERC-20 tokens to a dedicated SUB1X blockchain
Public Masternode Release
Public Masternode release
Listing to exchanges: CryptoBridge, Coinsmarkets and Stocks.Exchange
Listing to Masternodes.pro + MnRank.com
Implementation of Zerocoin protocol
Overlaying Tor on the SUB1X chain
Getting SUB1X added as a viable means of payment for businesses