Upcoming auction after day 90 of the claims period

Announcements
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2025-04-07T00:00:00Z

As a result of community feedback and data from our Patchcoin Claims Dashboard, we are announcing plans for an auction after day 90 of the claims period, in late May 2025.

Peercoin holders will still be able to submit new PTC claims while supply remains.

This update should ensure that all PTC are widely and fairly distributed by the end of the 180 day claims period. The auction will also ensure that we have a small development fund to maintain Patchcoin in the coming years.

The initial pace of PTC claims was much quicker than expected. We credit this strong start to the small active Peercoin community supporting our network, as well as the reliable claims system designed by @noface, including his dust collection checker tool.

Over the past two weeks, there have been only two sets of submitted claims. We have reached saturation quicker than expected. The data shows there are few active PPC holders remaining to claim PTC.

Patchcoin community members have reminded us of the importance of maintaining momentum. As someone told us recently, “a clear plan can allow people to be more patient and stay enthusiastic.” We agree.

Our future plans, including promoting Patchcoin’s advantages over Bitcoin, as well as finding major exchange listings, can only happen when all PTC have been distributed.

More auction details will follow in the coming weeks.

You can support the growth of Patchcoin by sharing the information below.

About Patchcoin:
Patchcoin (PTC) is a Bitcoin alternative using proof-of-stake technology. It is a fixed-supply cryptocurrency with 21 million coins.

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