After a very busy weekend, and even more busy week coming up with Bitcoin 2014 in Amsterdam, to which I got a Press Invite, its time to get some work done. I want to start the day off with an article about a new coin, called Zimstake.
Zimstake is probably the first SHA-256 cryptocurrency we are discussing on CryptoArticles, except for Bitcoin, and I suppose you can count MyriadCoin as party SHA-256 as well. Anyway, Zimstake is the name, and it’s all about fun!
Just because Zimstake is meant to be all about fun, that doesn’t mean the developer doesn’t take his job very serious though. Zimstake is a coin that is a fun project for the developer, so don’t expect any hype or FUD.
Let’s get some technical details out of the way, before we go on to talk further about Zimstake.
Zimstake is a SHA-256 Proof-of-Work/Proof-of-Stake hybrid cryptocurrency, with its Proof-of-Work stage already ended. During this phase, 3,849,566 coins have been generated over the course of roughly 8.5 days.
Regarding the Proof-of-Stake part of Zimstake, coin owners will receive an annual stake of 12%, forever. With a minimum stake age of only 12 hours, it does look to be very rewarding to keep your coins for a very long and and just let them stake indefinitely.
After 10 years, there should be somewhere between 60 and 70 million coins in circulation, which is still a fairly limited amount. I like the approach by the Zimstake developer, and apparently, so do quite a few other people.
If you are interested in picking up some Zimstake from exchanges, there are a handful of options at your disposal : BitTrex, AllCrypt, AllCoin, C-Cex and SciFi-Ex all have ZimStake trading pairs available.
ZimStake is an interesting coin, with a very limited coin supply and quite a high value on the exchanges. Even though it is developed as a “fun” project, that doesn’t mean there is no use for it. Just look at what DogeCoin turned out to be…..
Zimstake donations are welcome to : DxjceV2Zfzhc7TW3BvdYS6YtadXp67tHyx