Slimcoin

Slimcoin is a novel and experimental cryptocurrency created in 2014. It is the first known coin that uses the Proof of Burn mechanism to generate blocks. Additionally, it uses Proof of Work and Proof of Stake, making it the first and unique coin with three different block generation mechanisms.

In 2017, we’re alive and kicking, and we’re different from most other “altcoin” communities. We have no hierarchic and centralized structure - so we have no official development team that benefits from dubious pre-mine or insta-mine mechanisms.

All we want is to continue the exciting Proof of Burn experiment. In a few words, Proof of Burn is a mechanism where you get the right to find blocks if you burn coins. Yes, you destroy your money - and get a long-term reward winning the chance to get block rewards.

Sounds crazy, huh? It is perhaps easier to understand as a process of virtual mining. We have prepared an simple explanation (ELI5). And it has very interesting economical properties. It is the only mechanism that allows the users to regulate the available supply in a decentralized way.