MintCoin is a new Proof of Work (POW) / Proof of Stake (POW) hybrid cryptocurrency coin. It’s objective is to become the next innovative, secure, and energy efficient cryptocoin in the market.
MintCoin is distributed using a fast POW distribution mechanism, and after 5 weeks, it becomes a pure POS coin. This makes the coin completely energy efficient in order to sustain itself, not having to depend on resource intensive mining rigs.
MintCoin now runs on 100% Proof-of-Stake to secure the network. After the year 2016, stakers will receive a fixed 5% indefinitely as reward for securing the network.