What is Canada eCoin?
The Canada Ecoin is an alternative to the Bitcoin token and was developed for use in Canada. Basically, this cryptocurrency is based on open source source code based on public blockchain and transparent ledgers. Special features include the extremely fast transactions and the so-called “merge mining “, in which several crypto currencies can be mined simultaneously.
Canada eCoin features
According to the developers, the cryptocurrency distinguishes itself by six features from other cryptocurrencies on the market. This includes, for example, the public block chain. This means that every user has the opportunity to follow completed transactions. There are no site-related or time-related limitations. The second feature is the speed at which transactions are completed. The token is about twenty times faster than Bitcoin , so it is also suitable for real-time applications.
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Expressed in numbers, this means that all transactions are completed within 30 seconds and therefore can not be revoked. The developers of the Canada-eCoin crypto -currency put a special focus on the community and see the purpose of the token in the user-orientation. Since 2014, the entire development has focused on improving comfort, security and building a solid user base. In particular, the simple trade of the token should convince the users. Basically, the token can be exchanged for Bitcoin, Litecoin , Dogecoin and Ethereum .
For this purpose, users can choose different marketplaces which are deposited on the homepage of the developers. To make the purchase of the token simple, developers have implemented functionality for both Visa and Mastercards. Another special feature of the token is the involvement of the community, because already in 2015, some community members took the currency from the original developers, after they wanted to end the project. Since then, the community has been more involved in the development and more milestones have been defined for further development. The last special feature of Candian eCoin is the ubiquity of the token. The team behind the token aligns the development of the token so that it can be used in traditional payment scenarios. These deployment scenarios are the purchase of food.
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What is the current market capitalization of the Canada eCoin?
Since May 11, 2014, the Canada eCoin (CDN) has been in official trading on the markets. At that time, the Initial Coin Offering reached a market capitalization of $ 3,584. In particular, the end of the development by the original developers, the currency lost all its value, so the market capitalization was quoted at only 125 USD. Subsequently, the token was able to recover and since January 2017 is in an upward movement, which can be continued unabated.
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Currently, the price per token is $ 0.019169. This results in a market capitalization of $ 1.87 million. In addition, investors must note that there are currently around 97.4 million tokens in circulation, which result in a daily trading volume of $ 2,500. The trade is realized in particular by the exchange between Bitcoin and CDN. The most important trading center here is Cryptopia, since around 56% of daily trading takes place here.
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