VIRIDI was founded and developed during the fall of 2017 and spring of 2018. VIRIDI is a highly focused currency, built on POS, for the Marijuana Industry.
VIRIDI was in the beginning the only cryptocurrency allowing investments in marijuana plants. The marijuana industry is lucrative business with a billion-dollar value worldwide. The industry is constantly growing as new countries legalizes the use of marijuana. The foremost use of VIRIDI is to get access in the investment opportunity, which enables investors to get a high return. The company have large-scale marijuana plantations in Switzerland and the profit of those are the underlying value of VIRIDI. This value and product are what enables the company to give the investors their return on investments. Simply stated, to be able to get access to the investment opportunity and thereby invest in plants, it is required to own VIRIDI. The demand after VIRIDI is the main driver of the coin value. The vision is to facilitate the growing and distribution of marijuana worldwide through investments with an attractive return policy, which will create a stable and high value of the VIRIDI coin.
In the 4th quarter of 2017, VIRIDI made steps towards expanding brand awareness and utility of the cryptocurrency. In the 1st quarter of 2018, the plans of 2017 came to fruition. With a variety of payment solutions designed for mainstream adoption and increased usability, VIRIDI has a very promising and ambitious future ahead
| Name | VIRIDI |
| Ticker | VIC |
| Consensus algorithm | POW/POS |
| Instamine protection | First 100 blocks |
| Hashing algorithm | HEX |
| POS starting block | 120 |
| POS block reward(per year) | 3.000.000 VIC |
| POS block reward(per month) | 246.570 VIC |
| POS block reward(per day) | 8219 VIC |
| POS block reward distribution | SeeSaw |
| Estimated VIC supply during 15 years of POS | 45.000.000 |
| Blocksize | 1 MB |
| Blocktime average | 1 min (DGW3) |
| Number of transaction confirmations | 6 |
| Maturity | 60 confirmations |
Triple Security Node
Relying only on the most advanced aspects of the world leading cryptocurrencies, we propose to use Masternodes to ensure network stability. To make it possible for everyone to setup a Masternode, we have developed three types of them. Each type takes a different amount of VIRIDI and brings a variety of income. This system is called Triple Security Node.
- Light Node requires 5.000 VIC.
- Medium Node requires 15.000 VIC.
- Full Node requires 25.000 VIC.
During POS Masternodes will receive the following reward (different for each type) for maintaining network stability and performing additional functions:
| Masternode | Block reward |
|---|---|
| Light Node | 7% from total block reward |
| Medium Node | 30% from total block reward |
| Full Node | 60% from total block reward |
| Duration | Block reward |
|---|---|
| Year | 3.000.000 VIC + transaction fees |
| Month | 30% from total block reward + transaction fees |
| Day | 8219 VIC + transaction fees |
| Hour | 342 VIC + transaction fees |
| Minute | 5 VIC + transaction fees |