When crypto currency, and more particular Bitcoin became pretty popular a while ago, didn’t you find it strange that the Silicon Valley area remained pretty quiet?
Even though that is the world’s hub for technology and innovation, there wasn’t too much going on with crypto currency at that point, and not much has changed over the past year.
Maybe we need to take crypto currency to the people in Silicon Valley. That is one of the reasons why Silicon Valley Coin, also known as XSV, was created.
“Silicon Valley Coin will serve as a bridge between Silicon Valley innovation and the Crypto Community effectively by distributing our pre-mined coins to certain zip codes surrounding the big tech companies of Silicon Valley.” Assuming they can pull this off, It could be intriguing to say the least.
Silicon Valley Coin is a Scrypt-N crypto currency, with a total supply of 35,000,000 XSV, and difficulty readjusting every block, thanks to the implementation of DigiShield. Each block will reward you with 35 Silicon Valley Coins, but the rewards will halve every year.
As I mentioned before, there is a pre-mine. A 50% pre-mine, which will be used as follows : 96% of the pre-mined coins will be used for the distribution via mail, and 4% will be used to cover costs of printing and mailing the letters and envelopes.
Silicon Valley Coin can be found on several exchanges as well, such as Poloniex, Atomic-Trade, and BitTrex.
It will be interesting to see if Silicon Valley Coin can deliver on its promise. We will keep an eye out for any further updates regarding the matter.