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CloakCoin (CLOAK)

Private, Secure, Decentralized & Untraceable Cryptocurrency.

CloakCoin is a cryptocurrency designed to facilitate trustless and anonymous, decentralized transfers with PoSA (Proof-of-Stake-Anonymous transfers), and secure, anonymous and decentralized marketplace trading with OneMarket.

Cloak is a dual PoW/PoS (Proof of Work, Proof of Stake) coin, which is now in the Proof-of-Stake (interest bearing) stage.

PoSA3 is CloakCoin’s trustless, anonymous payment system, that forms the basis of future development and provides the underlying transaction system for the decentralized Cloak ‘OneMarket’ marketplace.

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Ticker: CLOAK
Algorithm: x13
Total coins: 4.5 million
PoW timespan: 7 days
No Pre-mine or IPO
Mining will stop after 10080 Blocks (7 days)
PoS Minimum Stake Age: 3 hours, Max age unlimited
Block Time: 60 Seconds
PoSA³ Trustless Anonymous