What is NetCoin?
Introduction
In Netcoin is a crypto-currency , which will influence the future of the financial world by bringing four essential advantages. This includes the security, which applies in particular to the investments. By using the NetCoin token, users have a guarantee that all deposits are permanently secured and can be accessed at any time. In addition, the developers want to guarantee a profitability due to an investment.
NetCoin – how it works
This means that thrifty investors are rewarded by the so-called “personal investment rate”. This function is a dividend, which amounts to a maximum of 10% of the deposits. To meet the speed of the financial sector, developers have implemented particularly fast transactions in the source code of the blockchain . This allows users to send, spend and receive money at any time, without any delays. The last feature developers see in the secure transactions. While remittances in normal banking trade require time to recover as well as processing, this is not a premise within Netcoin. All transactions are executed exactly as the user would like.
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NetCoin – The Vision
Furthermore, with Netcoin, developers want to initiate a global, social movement that will create prosperity by sharing values across the network. The token was created in September 2013 and is based on the Litecoin blockchain. However, the underlying blockchain has been modified to the extent that the token has completely proprietary code. To verify transactions, a mixture of the proof-of-work algorithm and the proof-of-stake algorithm is used. This gives the community the chance to actively mine and create new tokens by actively closing new blocks.
In addition, passive income can be achieved through the stake-of-proof principle. In order to survive as a current cryptocurrency in the future , the developers have published a roadmap, which reflects the upcoming changes. This includes the change in the underlying programming language. This means that the source code will be rewritten to C # over the next year. In addition, a separate wallet to appear, which is published under the name “Mobile Skinny Wallet “. Also, the release of a Game Integration API is on the list of improvements. Finally, the developers want to focus on the use in the music industry, so that an alignment of the token will be on this branch.
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What is the current market capitalization of NetCoin?
The Netcoin token was released in September 2013. However, this was the first official trading dayDecember 17, 2013. An initial coin offering of the token has resulted in an issue price of $ 0.004403 per token. This resulted in a market capitalization of $ 789,974. On January 3, 2014, the token reached its highest level, with a market capitalization of $ 5.7 million. Subsequently, the token consolidated at a level below $ 100,000. However, this resistance has been broken since May 2017, so the token is currently on the upswing. Currently, a market capitalization of $ 1.07 million is realized. The price per token is around $ 0.001368. The daily trading volume can realize a turnover of around 11,000 USD. This is realized in particular by the trade between NET and BTC, LTC and DOGE.
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