/ COLX Blog

Everything you need to know about COLX

History

Colossuscoin was founded on 22 August 2013 and is a decentralized, open-source peer-to-peer (P2P) energy-efficient Internet currency that enables fast instant payments to anyone in the world with almost no fees. Its design is public, nobody owns or controls Colossuscoin and everyone can take part.

Colossuscoin was founded as a energy-efficient Internet currency and we want to continue our concept to be a long-term energy-efficient/ Evironmentally friendly Crypto-Currency.

ColossusCoinXT is an open source, peer-to-peer, energy-saving, community driven, decentralized and modern POS 3.0 Masternode-Cryptocurrency that allow people to store and invest their wealth in a non-government controlled currency.

The new ColossusCoinXT (COLX) is based on the popular PIVX Source Code with a fixed PoS block reward and we will do a full Swap from ColossusCoin2 CV2 (2:1 exchange rate) on NovaExchange.com

Features

  • Instant Send allows to confirm the payment in seconds with low Fees.
  • Privat Send allows you to send a payment anonymously. Read more about this Feature: https://en.wikipedia.org/wiki/CoinJoin
  • Decentral Goverment (Masternode Vote)
  • Snapshotting for quick syncing of nodes
  • Staking

ROADMAP

Development Milestone September 2017-Early 2018

COLX_Roadmap-1

Released Wallets: Windows, Linux and Mac (Download), Paper Wallet

Planned Wallets: Android and iOS Wallets

Masternodes

Masternodes are the backbone of COLX Technology. Masternodes present a great opportunity of passive income as well as helping to stabilize the network.

  • Consensus Algo: Proof of Stake (PoS 3.0)
  • Hashing Algo: Quark
  • Block-Time: 120 seconds
  • Max Supply: 12 Billion COLX

Masternotes Awards

Requirement to setup a masternode: 10 million COLX (cost late dec. 2017: 2400 USD).
Masternode Gains late dec 2017 (Payout in COLX-COINS):

  • ROI: 87%
  • Per hour: 1090 COLX = 0.26 USD
  • Per day: 24216 COLX = 6.20 USD
  • Per week: 169512 COLX = 43,37 USD
  • Per month: 726480 COLX = 200 USD
  • Per Year: 8,7 million COLX = 2400 USD

So as you see, right now you would get your investment back in one Year. If the coin increases, it will be even more!