Generasi Micin: LELE-Lite Eco Ledger Elements

What is LELE?

LELE is Lite Eco Ledger Elements. Our project are make more trade tools and develop improves features for Telegram user with LELE blockchain. LELE is an altcoin such as litecoin, peercoin, and many others. In the world where Bitcoin is king, altcoins only change parameters of the original Bitcoin code such as the hashing mechanism, the time between blocks, the starting difficulty, and so on. We developed our’s based on NXT source code. LELE develop anything as simple as can be even it’s not a simple coin. This scalable cryptocurrency offering a eco-friendly mining called forging.

LELE is Combo

(PoS and Transparent Forging)

Proof-of-Stake and Transparent Forging form are a powerful combination with substantial benefits over all other methods of coin verifying transactions:

The system is highly efficient and far less wasteful of resources. There is less incentive for centralised mining, as there is with PoW.
Forging can be carried out by anyone, and on the most low-powered computers (such as Android devices or a Raspberry Pi).
The currency is more stable, as there is no inflation. Coins are earned through transaction fees alone.
Transactions can be both fast and secure.

Full Pure POS

LELE is the 100% Proof-of-Stake (PoS) currency. Consensus in a decentralized digital currency like Bitcoin is achieved by requiring generated blocks to contain a proof that the node which generated the block solved a computational hard task. Unfortunately the concept of the Proof-of-Work (PoW) based system tends to lean towards eventual selfdestruction.

Proof-of-stake (PoS) aims to replace the way of achieving consensus in a distributed system; instead of solving the Proof-of-Work, transactions can be added to the blockchain or ‘forged’ by any member of the network.

Green Concept

LELE is "green" it's protocol in power consumption, since 100% PoS mechanisms don’t require massive amounts of electricity power like POW mechanisms do.

Many coins is based on Proof of Work where there are thousands of miners around the world crunching away at hashes and gobbling up TONS of power.

Proof of Stake doesn’t like that, so it’s important to realize that sometime at anytime any POW coins will exist when all of it is mined, all LELE that will ever exist already exists, so client wallets now forge (in LELE the term 'mining' is replaced with 'forging') for transaction fees.

Scalable

LELE can scale high; this is possible with LELE because the transparency provided in the protocol will allow each user's client to determine which node will generate the next block. Other nodes can then send their transactions directly to that node. This also allows additional fees to be realized for immediate, priority transactions.

Pool Forging

LELE implements a pool forging feature. Whenever u not have enough amount of LELE to do solo forging, or have not any device to do this, u still could join at pool forging as like as POW pool mining, just swap your LELE coins to FORGE Token as an option.

Transparent Forging

PoS is theoretically vulnerable to attacks, because anyone with a large enough stake can rewrite the blockchain for their own benefit. Transparent forging is an ingenious answer to this problem.

Although the node which forges a block is random in the long term, in the immediate future it is highly predictable. This means the network knows where the next block should be forged.

Coin Inflation

Only 300 Million (Maximum - all included Airdrop) will spread to community & public at ICO phase. The Rest 700 Million will lock-in and only released 0,1% each time the price goes up 10% of the ICO price.

Earn Coin for Free

Just hold IGNIS coin at your own wallet, and got Airdrop 1:10, 1 LELE for 10 IGNIS

Doing Green Mining (aka Forging)

U will need “a mining rig” for mining Bitcoin and any other POW type coin. For the lowest Hash mining rig type at least u need for about $1.125. Exclude setup, electricity and maintenance. Your mining rig can be brick any time. When hashrate rally up, your waste the investation. That’s not happen with LELE. Only need one time investation, u can compound any time u want, or change to fiat and any coin. LELE implement Forging, the best and green method for mining. U can use any type of PC, Tablet, Handphone to do this. No need setup and huge electricity.

70% of Total Supply are for Miner / Forger

Compare BTC and LELE Mining (Forging) Hashrate.Its about to compare mining profit between both method Hashrate. BTC and PoW always being lovely mining system. i.e BTC just start with 1% and the rest are belonging of community till the ASIC appears. When ASIC appears it’s belonging of Mining Industries.

BTC mining system (include all POW) more mining rig means more hashrate, meant less profit. When the price go up usually the miner will be rise-up too.

Lock-in and Release at Price-up (LRP)

We want to introduce the LRP system. This system would harmonized between supply and demand, till all total supply forged (mined). This system can reduce (hopely) the high volatility at cryptocurrencies.

When price up, hashrate up cause more miner (forger) joined. Then 0,1% of the lock-in supply will release each time the price goes up 10% of the ICO price to make correction and try stabilized price,
The lock-in coin will released to the forger (miner) as a part of fee award by LRP-bot about 70%, so they have change to make more investing to mine (forge) who will make price-up. The rest would be shared as
Research Subvention (10%),
Education Booster (10%)
Re-Fuel LRP (10%). Then cycle go through till the all locked-in coin released.
So with rough calculate we need about 70% / 0,1% = 700% price up. Is easy to Pump and Dump and make a chaos just for 700% price up base-on ICO price. The 0,1% of the lock-in supply will release to forger is need to have term and condition.

The Harmonized Rule.

LRP-bot setup and reset are arrange by price-up and price-drop. Gradually setup and reset will be at 10% base. For every price up (rise-up 10%) LRP-bot will setup and when price-drop LRP-bot will reset the base price to count/calculate next LRP.
The coin (0,1% of the rest locked-in) when setup by LRP-bot will release gradually for days and will drop as fee award by LRP-bot every 5 minutes (randomized between 1- to prevent misuse), and will be stop and reset if the price drop again.
The market price will be take at every 1^st sec ticks of hours (+7 UTC). Source market API tolerance about 5-30 minutes, to set the up and drop price.
The last drop price when LRP-bot reset, count base on price when last compound LRP adding/setup, would replace ICO price as base price to count/calculate next LRP.
Maximum 1 LRP allowed in a day. 3 compound LRP in a week. 7 compound LRP in a month. 50 compound LRP in a year.
Every year LRP would have “Halving” like as POW mining system. But not like PoW halving doing at percentage. Halving will adding 90 days of release gradually, i.e: If before are 365, would be 365 + 90 = 455 days. And so on.
LRP are new method for POS type, found by Alva Mantiri to boosting PoS price and coin distribute, to make PoS real desentralisation. In developing to got the best result.

Basic Parameters

Coin Type : Full Pure POS Hashing Algorithm :

Cryptograph Curve25519 provide the required security and processing balance, along with the more commonly used SHA256 hashing algorithm Diff Retargetting Algorithm : Simple

Time Between Block (Block Time) : 60 Seconds Blockchain Size : Less than 3GB

Proof-of-stake Parameters :

Coin reward through transaction fees

Mature Coins : 1440+ Confirmation (24 Hours) need before Forging Forging (aka Mining) :

1000 LELE (Minimum amount for Solo Forging)

1 LELE (Minimum amount for Pool Forging use FORGE Token)

Total Coin : 1.000.000.000 (1 billion)

SPECIFICATIONS

Name Coin: LeleCoin

Coin Symbol: LELE

Total Supply: 1,000.000.000 (1 miliar)

Basis Koin: Ardor (ARDR) Pencatatan