Satoshi Nakamoto gave us the gift of an immaculate conception of the world's first open decentralized cryptocurrency. The significance of this is that Bitcoin was launched with the intention to fundamentally change the world.

In order for an electronic cash and store of value cryptocurrency to succeed, we believe that it is critical to launch Starmark in a similar fair launch fashion with no pre-mine and no investment backing. 100% of all $MARK tokens that will exist shall come from the efforts of individual miners only until the total supply of 1.68 billion is reached. With an initial block subsidy of 2,000 $MARK every 2.5 minutes and a two year halving schedule means that it will only take until the year 2036 for the Starmark $MARK to be more scarce than Bitcoin itself.

The consensus mechanism is proof-of-work Triple SHA-256 to ensure that it is sufficient distinct from Bitcoin yet still compatible with the Bitcoin programming Op Codes for future interoperability. For a planetary currency it is critical to maximize the use of energy sources and that necessarily involves Application Specific Integrated Circuits (ASIC). A lot of effort in the cryptocurrency space revolves around "ASIC-resistance" to promote "decentralization" and avoiding "mining cartels". However the reality is in practice mining "ASIC resistant" cryptocurrencies merely favor the technically adept at setting up complex computer mining rigs with multiple graphics processing units (GPUs). ASICs promote decentralization because they actually require dedicated resources and are "plug and play" allowing a wider range of operators to emerge and manage the fleet of hashing equipment.

Until there are ASICs to mine the Starmark $MARK, we will make a GPU miner available to allow the network to grow in hashrate and to secure the fledgling chain. It is our intention and hope that manufacturers will realize the opportunity to race toward the development and commercialization of a Triple SHA-256 ASIC for Starmark. Once ASICs have been developed, then there will also be dedicated hash rate that will out-compete opportunistic miners who may come and go with their GPU mining setups.

We have made the full node software and the GPU miner available in advance of the fair launch to give users time to prepare. The CPU miner will not be effective, however it will serve as an example implementation. The GPU miner will allow hash rates to drastically increase and be able to create a competative market for hash rate mining.

The Starmark blockchain network will be bootstrapped through a fair launch with no pre-mine and 100% of the tokens shall only be created by miners. The Starmark full node and GPU-based miner software shall be released well in advance of the fair launch date to give developers time to prepare. The goal is to maximize decentralization from the earliest moments to create a more evenly distributed network effect and incentivize a wide array of participants.

Name: Starmark
Ticker: $MARK
Maximum Supply: 1,680,000,000
Divisibility: 8 decimals
Block Time: 2.5 minutes
Initial Subsidy: 2,000 $MARK per block
Halving Period: Every 420,000 blocks (approximately every 2 years)
Consensus Algorithm: Proof-of-work — Triple SHA256

The initial difficulty target of the Genesis Block will be set to 1,000 to ensure that there can be no effective instant-mining strategy by anyone. The usage of GPUs is thus assured and the network would quickly calibrate itself with the Difficulty Adjustment Algorithm (DAA). Through this measure it would ensure that any majority hash-rate miner would not be able to mine too many blocks before the network block rate settles back to the target time of 2.5 minutes per block.

Nothing in this Website or White Paper is an offer to sell, or the solicitation of an offer to buy, any tokens and neither does it constitute a prospectus. Nothing in this Website or White Paper should be treated or read as a guarantee or promise of how Starmark or tokens will develop or of the utility or value of the tokens. The White Paper is an overview of the features, which could change at its discretion, and the success of which will depend on many factors, including market-based factors and factors within the data and cryptocurrency industries, among others. Any statements about future events are based solely on a limited analysis and do not constitute any kind of commitment, roadmap, promise, or guarantee. It is likely that the limited analysis and statements of future events are incorrect. This disclaimer does not create an attorney-client relationship, nor is it a solicitation to offer legal or financial advice.