# PoM - Proof-of-Meme **Is da wae?!**

https://steemitimages.com/DQmbAXZnGBhP7avXuPqWAb7Brrx6pSwVWHdoTBtoYcAKZZz/image.png

### Mining Mining based on Lyra2REv2 algorithm. The block reward is set to start at 120 WAE after the pre-mine, and undergo a halving period every 200,000 blocks (circa every 50 days). ### Proof-of-Meme (PoM) technology Development will begin during the first quarter of 2019. This ultimately connects peers through a decentralized network, essentially rewarding them for their activity: liking (cluck), disliking (spitting), sharing, and posting. As WeyCoin has the suitable means of providing three-way payments (treasury, masternodes and miners), the PoM will be managed in a similar fashion to the treasuries. As every block is mined, the weight of PoM’s reward remains a constant 3%. This reward is to be taken out of the overall block subsidy. This will push the block reward for the miners and masternodes to be: **pomReward = originalBlockSubsidy • 0.03 newBlockSubsidy = originalBlockSubsidy - pomReward** The engine will then process the distribution of the PoM. This will take in consideration a couple variables, the exact nature of how the algorithm will determine who is most suitable to receive the most has not yet been established. ## Useful links

https://steemitimages.com/DQmezsdzirhChrEtvat1KrfqUifouS3HAkXnNRv3rw6uQsq/dawae_150x.png

Wallet - http://weycoin.org/#downloads Discord - https://discord.gg/kfaGyjV Exchange - http://weycoin.org/#exchanges Whitepaper - https://weycoin.org/data/whitepaper.pdf Official pool - http://pool.weycoin.org/ Bitcoin Talk - https://bitcointalk.org/index.php?topic=3124797.0 ## Okay, but what is this Ugandan Knuckles meme? explained - https://www.youtube.com/watch?v=4bmS2MNO5AQ