Introduction to CLAMS

WHAT ARE CLAMS?

CLAMS are a form of digital value, or currency, that is transferred, created, and verified by the collective effort of the computers running the CLAMS software. Similar to Bitcoin, the original technology on top of which CLAMS was created, this network follows a rigorous protocol to ensure that consensus and verification is maintained.

WHAT IS THE CLAM NETWORK?

The CLAM Network is a peer-to-peer network of computers running the CLAMS software. To become a part of the CLAMS network, you need only to run the CLAMS software on your home computer. The purpose of this network is to independently and collaboratively verify the transfer and creation of CLAMS.

CLAMs were initially distributed to 3,208,032 addresses.

Each address received 4.60545574 CLAMs.

67,511 addresses have been dug.

310,918 CLAMs have been dug.

297,773 CLAM were staked for a total of 526,512.12

If all the distributed CLAMs were dug up, the total money supply would be 15,009,015.13

No Proof-Of-Work stage

Based on May 12, 2014 “Snapshot” of BTC, LTC and DOGE blockchains

Not cheatable via coin movement or mixing

Block Creation: Proof-Of-Stake

Block Time: 1 Minute

Minimum Stake Age: 500 blocks, or 4 hours. Target 8 hours 20 minutes

Maximum Stake Age: Unlimited

Block Reward: 1 CLAM

Proof-Of-Stake reward is designed to replace coins lost, unclaimed or inaccessible over time. The block reward of 1 CLAM means that 526,000 new CLAMs are created each year. The annual rate of return varies in relation to the current active money supply. Accordingly, the present annual rate of return is 234%, and the daily return is 0.64%

CLAMS REDDIT TIP BOT!

Tipbot is up, needs testing. This bot was not created by the CLAMs development team. Do not deposit large amounts.

source: http://clamclient.com/

Introduction to CLAMS