More detail: https://bitscreener.com/coins/save-and-gain
Save and Gain (Symbol: SANDG) is X11 algorithm-based Proof of Work internet currency. By employing a network, this coin enables to increase demand and decrease supply. A Proof of Stake coins fund is kept by developers of SANDG, who use the profits from the coins staked to purchase SANDG. After that, it is burned. SandG intends to try a crypto swap and will become POSInvest [POSIV]n. The rate for SandG exchange will be 10/1, so users will get 1 POSIV for every 10 SANDG.
The detailed description of new crypto:
– PoW/PoS Hybrid
– Total supply ~ 18000000
– BlockTime – 240 sec
– Retarget every 480 sec
– Mined coins set at 30 confirms
– PoS starts at block 2520 (approx one week from start)
– PoS reward – 8% yearly
– Min. StakeAge – 8 hours
– Max. StakeAge – 30 days
– Premine for coin swap – 3064800 (coinmarketcap available supply at time of creation)