Isracoin is a cryptocurrency for Israel. It is based on scrypt and is 10% premined for Airdrop distribution, has a maximum of 4.8 billion coins, block rewards of 50 coins every 1 minute and DigiShield difficulty retarget every 1 minute as well. The premined coins will be distributed to the population of Israel and Israeli businesses, commencing on May 6th and in accordance with the plan set forth in the official website.
Isracoin was announced March 24th 2014 and its website opened to the public for the first time. The official launch announcement in Israel took place during a TV segment about the coin, in one of the most prominent economic TV shows in the country.