GiveCoin is a PoW cryptocurrency based on the X11 algorithm. It was founded on 24.03.2014 and has a max supply of 500,000,000 GIVE. GiveCoin's goal is to empower all charities and encourage people to give more to those in need. GiveCoin is also based on DarkCoin’s ASIC and has a block time of 1 minute with the block reward being 1000 coins. The bonus is halved every six months. There has been a pre-mine of 5%, 2 of which has been donated. The community votes and decides for what kind of charity will the donations go.