There is a new rare and popular crypto currency in town, and boy, is it expensive to get your hands on some of it. KashmirCoin is the name, and here are the fine details.
KashmirCoin blocks are generated every 101 seconds, and will reward you with 0.001001 KSC. There are however, random superblocks paying out 20 times the normal reward. Difficulty re-targets every 10 minutes.
There is a small 1% pre-mine, which will be used for bounties, giveaways,promotion and a KashmirCoin faucet. If you are an Android developer, there currently is a bounty for a KashmirCoin Android wallet. Other bounties include Youtube videos, merchants, and any kind of promotion.
So far, several exchanges have picked up KashmirCoin and listed it in a trading pair with Bitcoin. You can trade your KashmirCoin for Bitcoin on BitTrex, Allcrypt, Usecryptos and Swaphole. There is a vote going on to have KashmirCoin added to SwissCex, which you can find here.
From what we can see at this point in time, KashmirCoin could be worth investing in while the price is still relatively low. As we have seen before with “limited” coins, the price can go quite high per coin.
Currently, there is a KashmirCoin giveaway going on here. Anyone who holds any balance of KashmirCoin in their wallet, will get 5% of those coins sent for free. Make sure to enter your wallet address before May 3rd 18;00 GMT!
You can find the official KashmirCoin thread on BitcoinTalk here.
This article was sponsored by the KashmirCoin team on BitcoinTalk.