Based on PPCoin. More focused on the production of coins by PoS than PoW.
Mining has a bonus on the interval 1-512 difficulty for high initial issue of coins.
Further difficulty will gradually increase, making PoS mining more promising.
EMC established as the local currency of a number of Internet projects (social networks, research projects, networking, games) as well as to support and sponsor hightech projects (robotics, electric vehicles, submersibles).
Of course, EMC is available for any cryptocurrency operations.
There will be no pre-mining. Binaries and sources will be available on December 10 2013 (18-00) Moscow (+3 GMT).
Total coins: 1 * 10^9 EMC
PoW block spacing changes from 10 seconds to 10 minutes depending on number of found blocks and difficulty.
Award for block is 5020 EMC ( decreases depending on difficulty)
Introducing the new service - Emerfor.org
While this prototype distributes 10 EMC anyone who comes with a unique address IP.
But the main idea - sponsoring the project Folding @ Home using a crypto-currency.