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What is SnowGem?

SnowGem is a new cryptocurrency based on Zcash. We believe that there are already many great ideas and teams in the field, and therefore we should try to improve upon these "great ideas of other cryptocurrencies”, rather than try to reinvent the wheel and start from scratch. There will be similarities between SnowGem and other cryptocurrencies where we find that the existing solutions are sufficient, but there will also be differences in philosophy, direction, as well as execution where we believe we can improve upon these existing solutions.

Whitepaper

Profitability

SnowGem will be implemented with incentive programs that will bring you profit by owning SnowGem. We value our community and your participation will not only be appreciated, but also rewarded.

Privacy

SnowGem solves the problem of privacy by using shielded transactions, enabled by zkSNARKs, to hide information about the sender, the recipient, as well as the value on each transaction. You can now be assured that your financial information is private.

Longevity

There is no project that can be perfect from the start. The SnowGem team promises that we will always be listening to feedback and making changes so that SnowGem will always be relevant and valuable even in the far future.

Availability

You can send SnowGem to anyone, from anywhere, and at anytime. Fast transaction time guarantees that your money will be at the right place at the right time.

SnowGem Technical Specification

Algorithm: Equihash
Block time: 1 minute
Block reward: 20 XSG
Reward halving: 2102400 blocks
Difficulty adjustment: every block
Total coin supply: 84,096,000 XSG
Masternode collateral: 10,000 XSG
Premine: Zero
ICO: No
Founder’s reward: 5% of first 2102400 blocks
P2P port: 16113
RPC port: 16112

Actual rewards scheme

5% development fund - 1 XSG
50 % masternode payment - 10 XSG
45% miner reward - 9 XSG

Masternodes

SnowGem is the first EquihashzkSNARKsMasternode system. zkSNARKs shields your SnowGem transaction which is fully encrypted on the blockchain. Masternodes help us to achieve faster and more private transactions. To run a SnowGem Masternode you will need 10.000 XSG in your SnowGem wallet as collateral. Masternode rewards happen daily.

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Roadmap

Fall in love with our coming features.

Q4 2017

Create SnowGem Website  
SnowGem Official Launch  
SnowGem Mining Pools  

Q4 2017

Q1 2018

Q1 2018

 More Mining Pools
 Official Iquidus Block Explorer
 Release Snowgem Simple Wallet
 Rich List Published
 List on Stocks Exchange
 List on Southxchange
 List on Graviex
 Beta Masternode Testing

Q2 2018

Official Insight Block Explorer
Release MAC Wallet
Release Masternode
Masternode First Payment
Release SnowGem Electrum Wallet
List on Masternode Websites
List on Coinmarketcap
Release Android Wallet
Release iOS Wallet
Release White Paper
List on Larger Exchanges
SnowGem Mining Tool

Q2 2018

Q3 2018

Q3 2018

Payment Processing System
Modern Wallet
SnowExchange (beta)
One-click Masternode Setup
MasternodeApp Integration
Open SnowGem Forums
Add Overwinter Fork (from zcash)

2019

SnowGem Ecosystem

2019

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snowgem footersm2

SnowGem maintains that there is no central authority, the system’s decisions will be controlled by nodes in the network. The network is open to anyone, anywhere in the world. We are looking forward to a future where transferring money is no longer complicated and troublesome. 

Recent Posts

Sep 06, 2018 Modern Wallet released!
Jul 10, 2018 We are on CMC!
Jul 07, 2018 Security update
SnowGem © 2018. All Rights Reserved.