What is Zoin Coin?
The Zoin Coin was first launched on November 5, 2016. It was first recorded on the market on 10 November. It is based on the Zerocoin protocol, which makes it safer and more anonymous than competitors like Bitcoin . Furthermore, it is only accessible by CPU, which makes it interesting for private purposes, compared to other cryptocurrencies that are minted on server farms . There are currently 15,749,900 ZOI in circulation, with a maximum of around 21,000,000. It takes about 2.5 minutes to dig a new block – about four times as fast as Bitcoin.
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The idea behind Zoin Coin
Basically put two ideas behind the cryptocurrency zoin. One is the grassroots, participatory participation of the community over all the decisions that are made and the desire to have secure, private and non-traceable transactions.
The latter is realized by the technology based on the so-called Zerocoin protocol, which grants the user of the currency the complete privacy over his wallet . Although all cryptocurrencies provide extensive anonymity, payments can still be tracked and a specific user identified by connecting to other data. With Zoin Coin, this “far-reaching anonymity” is to be transformed into complete anonymity.
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The basic democratic approach is realized by Zoin through the Wallet . Each user can use his wallet to cast his vote in important decisions about the future of the currency and to shape it in this way.
Which team is behind the development of Zoin Coin?
Behind Zoin Coin hides an international team that has set itself the task of creating a secure cryptocurrency where decisions can be made democratically by the community. For every decision concerning the future of the cryptocurrency, each user is allowed to decide which direction the journey should take.
The Zoin Cryptocurrency team includes members from Germany, Singapore, the Czech Republic, France, Poland, China and the United States of America. The German Christian Sander acts as a leading consultant in the project.
What is the current market capitalization of Zoin Coin?
Under the abbreviation “ZOI” tokens of the cryptocurrency are traded on the market. The launch (the so-called Initial Coin Offering) took place on November 10, 2016, shortly after midnight. At that time, the market capitalization of the zoin token was $ 18,310 (USD) with a token price of $ 0.074215. Within less than a month, the market value of the cryptocurrency collapsed, which is probably due to the fact that zoin tokens can be mined unusually quickly. Over the four-month period, market capitalization barely fluctuated around a median of $ 1,000 at a record low of $ 242.
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This trend was broken on March 20, 2017, and since then the currency has been on a permanent upswing. Currently, the price for a single zoin token is 0.1664267 with a market capitalization of $ 2,587,188. In contrast to the US dollar equivalent, which steadily rose along with the stock market value, the exchange value of Zoin to Bitcoin has always fluctuated around the value 0.000001 BTC since 17 April 2017.
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