MemoryCoin’s mining period will release 10 Million coins into circulation over the first 2 years and has a steady 2% inflation thereafter. The mining reward is reduced by 5% weekly.
Anyone can start mining by downloading the official wallet with the integrated miner. Unlike other coins, you don’t need any special hardware or top-notch video cards.
The MemoryCoin blockchain hires 5 officers by election to deal with different aspects of the maintenance and expansion of the coin. Winners receive 1% of all mining rewards for their duration in office. Officers can change any time with enough support from MemoryCoin owners.
Coin owners vote by sending satoshi to specially formatted MemoryCoin addresses to indicate their vote. Voting weight is proportional to the number of coins owned.