Junkcoin Implements the Dev Fund – A First in Scrypt-based Coins History
Junkcoin continues to push boundaries in the crypto space. With the release of Junkcoin Core v3.1.1, we are officially introducing the Dev Fund, a development fund system embedded directly in the blockchain’s mining emissions.
This marks a first in the history of Scrypt-based cryptocurrencies (such as Litecoin, Dogecoin, Bellscoin, Luckycoin, Feathercoin, etc.). The new system ensures continuous funding for liquidity incentives, development, and marketing—key elements to sustain long-term growth and adoption.
Contents
How Does the Dev Fund Work?
Starting at block 365,000 (in less than 10 days), 20% of newly mined JKC will be allocated automatically to the Dev Fund through coinbase transactions. The distribution is as follows:
- 50% → Liquidity Providing Rewards 💧 (Incentivizing liquidity providers to strengthen market depth)
- 25% → Development Fund 🛠 (Funding protocol upgrades, security enhancements, and new features)
- 25% → Marketing Fund 📢 (Fueling adoption through strategic listings, promotions, and community incentives)
This system will remain active until block 3,547,800 (lasting approximately 6 years), ensuring that Junkcoin has a sustainable financial structure to grow and compete with major cryptocurrencies.
Why Is This a Big Deal?
✅ Solving the Funding Problem
Unlike centralized projects or ICO-funded altcoins, Junkcoin has relied solely on volunteers and community-driven development. With the Dev Fund, we now have a reliable and transparent funding mechanism to fuel long-term expansion.
✅ Sustainable Liquidity Growth
Liquidity is crucial for any asset to thrive. By rewarding liquidity providers, Junkcoin becomes more accessible, tradable, and resistant to price manipulation.
✅ Strengthening Development & Innovation
The Dev Fund ensures continuous improvements to Junkcoin’s protocol, wallets, and infrastructure. This allows us to integrate new features, enhance security, and keep up with evolving blockchain standards.
✅ More Visibility, More Adoption
Marketing is essential to expand the Junkcoin user base. With a dedicated marketing fund, we can boost brand awareness, attract new investors, and create strategic partnerships or CEX listings.
Mandatory Upgrade for Miners & Node Operators
This update is mandatory for all miners and full nodes operating beyond block 365,000.
- To continue mining, pools must specify the
-mineraddressparameter. - Multi-signature wallets are now supported for enhanced security of foundation-controlled funds.
- New seed nodes and connectivity improvements ensure a more stable and decentralized network.
Please upgrade to Junkcoin Core v3.1.1 now:
https://github.com/Junkcoin-Foundation/junkcoin-core/releases/tag/v3.1.1
Acknowledgments – A Team Effort
This milestone would not have been possible without the dedication and hard work of key contributors who have helped shape and implement the Dev Fund system:
🔥 @senasgr – Lead developer, architect of the Dev Fund system, and core integration.
🔥 @themoonether – Development and integration support, stability testing, and optimization.
🔥 Wincss from @f2pool_official – Mining pool operation integration testing and validation.
A huge thank you to all contributors and the community for supporting this initiative. Junkcoin continues to evolve, and this is just the beginning!
What’s Next for Junkcoin?
With the Dev Fund now live, our next goals include:
🔹 Full activation and monitoring of liquidity rewards
🔹 Activation of SegWit and MimbleWimble for privacy & scalability
🔹 Integration of Atomic Swaps for trustless trading
Junkcoin is not just another fork—it’s evolving into a powerful, self-sustaining ecosystem!
Junkies, keep supporting us and be part of the journey! ⛵⛵⛵
