Friday, March 02, 2018

Uber co-founder Garrett Camp is creating a new cryptocurrency | TechCrunch

See The ECO coin: A sustainable currency for planet Earth for more details; I think I'll hold out for a multi-planetary sustainable cryptocurrency, however...

"Garrett Camp, best known for being a co-founder of Uber and founder of the accelerator/venture fund Expa, is launching his own cryptocurrency.

The currency is called Eco, and Camp wants it to be a digital global currency that can be used as a payment tool around the world for daily-use transactions.

There will be one trillion tokens issued initially, of which 50% will be given away to the first one billion verified humans that sign up. 20% will go to the universities running trusted nodes, 10% will go to advisors, 10% will go to strategic partners, and 10% will go to a newly formed Eco Foundation which will be responsible for creating and maintaining the network. Camp as well as a small number of partners affiliated with Expa will also donate $10M to seed the foundation with an operating budget."
Uber co-founder Garrett Camp is creating a new cryptocurrency | TechCrunch
Post a Comment