Origins
Created in May 2013, Luckycoin predates Dogecoin, the Mt. Gox collapse, 'HODL', Tether, and Ethereum.
Q: Is Luckycoin a memecoin?
A: Luckycoin offers no utility and was instead described by original creator LuckyC as 'Fast, Fun & Fair' with a playful introduction on the Bitcoin Talk forums.
Q: Is Luckycoin the oldest active memecoin?
A: Potentially, yes. Luckycoin predates both Dogecoin and Bellscoin and although the concept of memecoins wasn't prevalent in May 2013 it could be argued that because Luckycoin offers no utility and was created for fun, it is a memecoin.
Q: Why is Luckycoin significant?
A: It's a living piece of crypto history, predating many major events and coins in the cryptocurrency timeline.
Q: Who is behind the Luckycoin revival?
A: A community of passionate volunteers who believe in preserving a piece of blockchain history. Come and chat to us in Telegram.
Q: What is the supply?
A: Luckycoin's total supply is 20 million coins. Approximately 8 million coins were mined in 2013, and the remaining 12 million coins are being mined from 2024 onwards.
Q: What are the tokenomics?
A: Luckycoin rewards halve every 100k blocks. Rewards started at 88 coins per block in 2013 with a random chance to get a higher reward. In September 2024, the reward halved to 44 coins per block.
Q: How does Luckycoin relate to Dogecoin?
A: Luckycoin's code formed the basis for Dogecoin, making it a crucial part of memecoin history and and important part of Dogecoin's lineage.
Q: How does Luckycoin relate to Bellscoin?
A: Bellscoin was forked from Luckycoin by Billy Markus in 2013.
Q: Can I still mine Luckycoin?
A: Yes, Luckycoin is actively mined.
Q: What's unique about Luckycoin's revival?
A: We continued the original 2013 chain, including its genesis block, bridging an 11-year gap instead of restarting from zero.
Q: What are Luckycoin's key features?
A: 1-minute block times, halving every 100k blocks, 20 million total supply, and the unique "lucky block" system offering random higher rewards.
Q: What are 'lucky blocks'?
A: Luckycoin was one of the earliest cryptocurrencies to offer random rewards, specifically: 5% chances 2 times the normal coins (i.e. if normal is 88 coins, you get 176 coins) - 1% chances 5 times the normal coins - 0.01% chance 58 times the normal coins
Q: Is Luckycoin for investment?
A: No, Luckycoin is primarily for preserving blockchain history and for fun. It should not be used for investment purposes.
