What is CrowdCoin?
The Cryptocurrency CrowdCoin is one of the most recent of its kind on the international market for these types of currencies. The Initial Coin Offering, the launch of the also abbreviated as CRC Coins took place on December 12, after the announcement of their existence was already performed on 2 November. 400,000 CRCs were pre- mined , so they were already available at launch and can not be mined by the community. Currently there are 234,961 CRCs in circulation, it is expected that the mining phase will last until 2038 and then 10,551,985 CRC will be available.
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The launch of Crowdcoin – creation of a new cryptocurrency
Since the currency CRC is still very new, this can well represent the process of an Initial Coin Offerings (ICO). 400,000 units of currency were raised before the currency came on the market. 25,000 of these units were to be sold to interested investors who were able to buy 1000 CRC for the price of 0.2 Bitcoin . So there were 25 such packages available. The remaining 375,000 CRC will be stored, on the one hand, to ensure financial security for the development team and, on the other hand, to pay the costs of stock market listing.
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Another part will be spent to promote the new cryptocurrency
. Of course, in times of Web 2.0, this advertising looks a bit different: every Sunday, three Twitter and Facebook accounts each receive a certain portion of the currency. Every user can join and which account can attract the most attention for CRC, then gets paid the price. Using the example of CRC, it is easy to see how new crypto currencies attract attention and how the IPO works.
Technical specifications and details from CrowdCoin
Structurally, CRC is similar to other cryptocurrencies . It is based on the algorithm Neoscrypt and through rendered computing power new blocks of currency can be mined. For a scraped block, 20 CRC are being distributed, with 50% of them going to the so-called Masternodes. These are wallets with more than 1000 CRC on the digital account. Currently, a block is created every two minutes, which makes the currency five times faster than Bitcoin. Wallets are currently available for Windows, Linux, and the Apple Mac OS operating system.
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What is the current market capitalization of CrowdCoin?
CRC’s Initial Coin Offering took place on December 12, 2017. At that time, 25,000 units of the currency were sold. A $ 3.0 (USD) equivalent of $ 3.06 realized a market capitalization of $ 719,483.
Since then, the new cryptocurrency has steadily gained in value and, of course, proliferated by the initially very simple mining. One day after its launch, CRC had a market value of $ 811,273, with a coupon of up to $ 5.20. Today, the value of one unit of CRC is $ 4.73, with a record $ 7.41 per coin. Currently, CRC’s market capitalization is $ 1,111,120.
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