Starts 20.10.2018
Ends 20.12.2018
Ends in:
Translateme rating

TranslateMe uses Blockchain and cryptocurrency to allow for fair transfer of value between the end user and the nodes. Key contributions to the network will require resources that will fluctuate in value. Nodes and master nodes will perform the bulk of the computation required to complete a translation request. These nodes will incur costs that must be overcome by the value of services on offer to ensure profit. A master node will contribute computation, internet bandwidth, disk space and other resources to complete the task.

For the first 10 years the mining algorithm will mint tokens based on the various services that these nodes provide. This will be influenced by many factors, but will be adjusted by a difficulty method to ensure equal and fair distribution. The mining algorithm will subsidise the costs at 100% in year one 90% in year two and 80% in year three. This rate will continue as the project grows and is adopted by users that are prepared to pay for the innovative services.

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