Hilux Coin offers affordable masternode for the community

Good Morning Everyone! Welcome again to Bitnewsportal Blog, The home of best projects and airdrop opportunity, Today we feature the affordable masternode offering of Hilux Coin Project.

Are you always dreaming of owning and run a full masternode for a coin? But lack of financial capabilities? Worry no more, Hilux Coin offers the most affordable and low entry cost in owning and running a masternode...READ MORE

Hilux Coin Project Introduction

Good Morning Everyone! Welcome again to the Bitnewsportal Blog, The home of great projects and airdrop opportunity. Today i bring you a new project that been under my radar for almost 1 month now and after careful research and study i bring you Hilux Coin project introduction.

First off, Hilux Coin is a coin running its own blockchain using x16r as their algorithm. So you need to download their official windows wallet that can be found on their official website. A mobile web wallet is also available for public use...READ MORE

Update 3rd Sept: New article on Hilux Insights Hilux Insights.

Update 29th August: We are now listed in Live Coin Watch.

Update 28th August: We are now listed in Coingecko.

Update 26th August: A community member has added the following new tool for Hilux:

i) Profitability Calculator of Hilux: https://www.crypto-coinz.net/coin-info/?195-Hilux-HLX-X16R-calculator/

ii) Mining Pools stats for Hilux: https://www.crypto-coinz.net/recommended-crypto-pools-for/?195-Hilux-HLX-X16R-minning-pools/

Coin Name : Hilux

Coin Symbol : HLX

Total Supply : 21,000,000

ALGORITHM : x16r

BLOCK TARGET TIME: 2 MINUTES

BLOCK REWARD: PROOF OF WORK (x16r, 40%) + PROOF OF STAKE (MASTERNODES, 60%), 20 HLX Total.

REQUIRED AMOUNT FOR MASTERNODE : 1000 HLX

PRE-MINE: 1.05 Million HLX


Hilux Coin was inspired by the recent events at Venezuela which is facing Hyper Inflation. Their FIAT currency is being produced at a rate so fast that the value of the currency during the morning may be less than the value during the night. Read: Bolivar Notes Are Now Worth Less Than It Costs To Print Them (article by Forbes: https://www.forbes.com/sites/timworstall/2016/05/04/congratulations-to-venezuela-bolivar-notes-are-now-worth-less-than-it-costs-to-print-them/#44098ec625d3)


Hilux was started by a team led by Swatchie-1 who is serious in building the coin. He doesn't believe in making quick profits by the pump and dumps which he witnessed all these while. Because of that, he ensures the basic infrastructures are ready before launching the coin and he takes his time to do so.

The infrastructures which are ready are:

i) Official Community Mobile Web Wallet : https://wallet.hiluxcoin.com
Swatchie-1 believes that for a coin to be useful, it has to be able to be transferred easily. Hence a fully working web wallet is completed before launch. Any suggestions to improve it is also a welcome.

ii) Official Community pool for miners to mine Hilux (HLX) : http://pool.hiluxcoin.com
Swatchie-1 believes in creating the Core infrastructure by ourselves first, then outsourcing it to external pools when the hash rates are stable.
However, there were diligent early adopters who discovered our project in Github and started to mine some Hilux and took their own initiative to start their own pool:
https://weekendpool.net/
Using their setting : -o stratum+tcp://weekendpool.net:3637 -u <WALLET_ADDRESS> -p c=HLX

iii) Official Community Block Explorer : http://explorer.hiluxcoin.com
It is more professional to host Hilux's own Block Explorer and not rely on external block explorers.

iv) Completely Open Source for you to scrutinize the code : https://github.com/swatchie-1/hilux

v) Discord Channel : https://discord.gg/sQfYNbT
If you are having issues or would like to contribute.

vi) Official Site: : http://www.hiluxcoin.com

vii) Twitter site : https://twitter.com/HiluxC


Current Version:
i) Windows Hilux-qt.exe Version 1.0.0. Get from our github below or official site www.hiluxcoin.com

ii) Linux Hilux-QT : Download here: https://github.com/swatchie-1/hilux/releases/download/v1.0.0/hilux-qt-linux.tar.gz


Wallet Features:
Has the usual features:

i) Private Send Tumbler - Spin the coins to send anonymously to your recipient.

ii) Instant Send - Sends funds quickly. Utilizes Masternodes to assist. This feature was picked up from the Dash protocol.

EXCHANGES
Cryptobridge and Escodex

LIMITED SUPPLY
There will be a total of 21 Million HLX Coins to be ever produced. This makes HLX rare and valuable because the quantity is not high. Unlike traditional FIAT currencies like USD or Bolivar, it can be printed as much as the Central Bank wants to fund their expenses. We want to invest in items that are limited in supply, difficult to generate and transferable in value.

How Do We Get HLX?
You can purchase HLX from the exchanges above.
If you do not wish to purchase, you can start mining them at the HLX pools above.

Blockchain Security
The incentive mechanism for Proof Of Work is 40% which gives reasonable rewards for miners to stay. Proof of work helps secure the blockchain from malicious attacks while Masternodes help validate the transaction. This keeps the Hilux Blockchain secure which is our primary focus.

Day To Day Use
We would like to have more mobile wallets because it makes it easy for consumers to transfer their HLX to each other. It will always be our continuous improvement subject. We will add on payment processors soon.

Continuously Looking For Development Contribution
In Hilux, we believe in community effort. Everyone can contribute through Github on improvements they would like and it should be maintained by the community. We also allocated several seed node addresses to the public who would like to be a seed node. Therefore this coin will never go away. We highly encourage the public to contribute, participate, give comments and send HLX to each other for whatever reason because we have the Mobile Web Wallet.

LAUNCH DATE: OFFICIALLY LAUNCHED. 3 AUGUST 2018, 11.30AM GMT +8

VISIT OUR SITE: http://www.hiluxcoin.com
to get involved with HILUX


Thank you.