http://cleverhash.com/chash/Taken from their "Terms and Conditions":
1.3 CLEVERHASH TOKEN (CHASH) SPECIFICATIONS
The Cleverhash (chash) token network runs the x13 algorithm using multiple rounds of 13 different hashes
(blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo, hamsi & fugue), thus making it one
of the safest and more sophisticated cryptographic hashes in use in modern crypto-currencies.
The total Cleverhash token (chash) supply will be produced by Cleverhash Technologies Corporation and
the product (chash) tokens will be made available for purchase on crypto-currency exchanges. The total token
supply count was determined by the average equivalent of 174 units of the Cleverhash ASIC miners.
The payments, in the form of block rewards and transaction/computation fees, are made to owners of
computational resources (miners) in exchange for securing crypto-currency networks and transmitting
2
transactions. Due to the nature of our token sale the hash network block rewards and stake rewards are set to zero
while transaction fees remain standard at .001 hash.
This token is 100% hybrid proof-of-stake to ensure timely transaction speed and network security.
Cleverhash has established multiple network addnodes for this purpose. 100% of the hash tokens have already
been produced in the genesis block and are ready to be distrusted to the exchanges.
A waste of time to mine, I haven't even seen any of the tx fees either.
On that note, here is something that Cleverhash could learn from:
http://www.coindesk.com/with-decentralization-where-is-the-money/
