If you haven’t been paying attention to AuroraCoin, you might want to start right now. This might be the biggest and most ingenious cryptocurrency to date.
AuroraCoin is a 50% pre-mined cryptocurrency. This pre-mine will be distributed evenly among all citizens of Iceland, thus creating a country wide cryptocurrency.
Why Iceland, you might ask? Iceland has been hit the hardest by the economical crisis, inflation, and most notable of all, the collapse of the entire Icelandic banking system in 2008.
This is where AuroraCoin comes in, as it will give the Icelandic citizens an opportunity to free themselves from government debasement of fiat currency.
Several mining pools are available for people willing to give AuroraCoin a chance. Even small time miners can still build up a decent amount of coins.
AuroraCoin has also been picked up by two exchanges so far, as it can be traded against Bitcoin at both CryptoRush, as well as Poloniex. Currently, 1 AuroraCoin is worth around 0.045 Bitcoin, or roughly 26 USD.
You will want to mark the date of March 25th on your calendars, as that will be the date when the AuroraCoin pre-mine will be distributed to the Icelandic population.
We at CryptoArticles are looking forward to see how this will play out for AuroraCoin, as it could be a major step in the right direction for cryptocurrency in general.