Halcyon $HAL

Halcyon Coin is a unique instance of decentralized digital currency that launched on August 16th, 2014. The project stands out with its simultaneous implementation of Proof of Work (PoW) and Proof of Stake (PoS) periods, and its rewarding system for stakeholders. Designed without a premine or IPO, Halcyon offers an annual rate of return of 9% for coin holders, with the added advantage of compound interest. Stakeholders also receive transaction fees as an added perk.

Proof of Work and Proof of Stake

Halcyon Coin was developed in such a way that the Proof of Work period would run concurrently with the Proof of Stake phase. After approximately nine days, the Proof of Stake phase took over the blockchain as the primary means of confirming transactions. This innovative approach ensures transactional security while rewarding stakeholders.

Stakeholder Rewards and Masternodes

Halcyon rewards its stakeholders for holding their coins at a rate of 9% annually. Stakeholders also have the opportunity to earn transaction fees as a secondary incentive. This reward system not only benefits the users but also encourages coin retention, which contributes to the coin's stability. In the near future, Halcyon users with wallet balances greater than 2000 coins will be able to participate as masternodes, providing another source of residual income.

Halcyon Coin Production and Algorithm

By the end of the Proof of Work phase, a total of 1.62 million Halcyon coins were produced. The project employed the x15 algorithm, a choice made to maximize individual access to coin acquisition and minimize interference from multipool and asic. This approach ensures equal opportunities for all participants and maintains the decentralization principle at the core of Halcyon Coin.