Since the beginnings of the internet, a user showing off the size of their e-peen has been a common phenomena. However, there has never been a way for that user to prove they really do have an e-peen as large as stated – Until now.
Penisium is Decentralised E-Peen Capital. Using immutable blockchain technology to back-up claims of e-peen size and to deflect fraudulent accusations.
Our cutting edge card platform brings new ideas and features to the digital trading card scene. It uses Penisium as its currency, allowing users to easily create dope sets of cards and show off their e-peen.
The more cards and Penisium you have, the bigger your e-peen. A simple, yet elegant mathematical formula. Penisium was distributed to the community for free, using Proof-of-LOL for fair distribution. Find out more below.
To determine the amount of Penisium a user will get during the ICO, we have incorporated a state of the art Proof-of-LOL system.
What is Proof-of-LOL?
When applying for Penisium during the ICO, the user will be asked to fill in their Proof-of-LOL field. The user has 69 characters to enter something funny. The funnier the Proof-of-LOL the higher the Penisium reward the user gets. The Proof-of-LOL will be judged by members of the team once the ICO closes.
Is it pre-mined? What is the total Penisium limit?
It is not pre-mined. The Penisium asset has been registered on the CounterParty platform and there is a total of 1 in existence. When the Proof-of-LOL is judged, the total Penisium amount to be mined and distributed will be calculated. At that point the asset will be updated with the new mined amount and then locked, so no more Penisium can ever be created. The total limit is dependant on the amount of users who apply for Penisium multiplied by the tier of reward each user receives.
How is the Proof-of-LOL judged?
The ICO closes on July 14th. On July 15th the Proof-of-LOL is judged by team members and will be streamed live on YouTube. Depending on how funny the Proof-of-LOL is for each user, they will be rewarded anywhere from 1x – 1000x of the default mining reward which is 10,000 Penisium.
Does the team get Penisium?
The team upon creating Penisium have already generated their Proof-of-LOL and will be rewarded either the 50x, 75x, 100x or 1000x depending on their input. None of the team will get a fixed percentage, and their supply compared to the community will not be unfair. From calculations even if a team member had 1000x, they probably wouldn’t exceed more than 0.5% of the total supply. Also as applying users can also get 100x and 1000x some will hodl as much as the team members themselves.
What problem does Proof-of-LOL solve?
As this is a free ICO, users only need a unique email address to sign up and receive Penisium. If there was no Proof-of-LOL, an attacker could keep creating multiple email addresses and hoard large amounts of Penisium, having an unfair advantage against normal participants. By using Proof-of-LOL, this attack is prevented as the attacker would probably only receive 1x (10,000) or 2x (20,000) for their submissions as they are unfunny cretins – probably only receiving 200,000 Penisium in total after 30 minutes of work. However, a legitimate user could spend 5 minutes and come up with something funny and recieve 100x (10,000,000) Penisium.
In short, Proof-of-LOL rewards users that take more effort and time with a single submission, and disadvantages spam submissions.
University drop out and expired Certified Bitcoin Professional. Mined shitcoins back in 13, knows the game.
World renowned pumper and scammer of Pepecash. Literally a huge addition to the team.
Bitcoin novice with little to no understanding. Multi-time University drop out with minor Photoshop skills.
Understanding of several CounterParty functions, essential for the ICO. Just got back out of jail.
14 years of experience as a head chef. Has a plethora of recipes at his disposal, always on time.
Bleeding edge A.i technology allowing us to stay ahead of the competition. Resolves all problems.
Failed music producer, resorted to take the lead logistics role to help pay off his loan shark.
Former registered bee keeper, unfortunately allergic to bees. Specialist in Domino’s pizza customizations.