There is one hell of a new popular cryptocurrency in town, and it’s called DreamCoin. A lot of you will probably have never heard of it, but that’s why I am here, to explain it to you. Sit back, relax, because here we go!
Being released on May 7th, DreamCoin was off to a good start immediately, with a nice community adopting this cryptocurrency. Maybe it was also in part because of the anonymity feature built-in, but we’ll get back to that later.
People love X11 coins, especially if they are also Proof-of-Work/Proof-of-Stake hybrids. With a very limited mining phase of only 7 days, and a very low amount of coins being generated during this phase, roughly 1,850,000 DRM, you can see why it became quite popular.
The minimum stake age for DreamCoin is only 8 hours, and there is no maximum coin age set. Every year, DreamCoin holders will earn 15% annual stake. As there is no fixed duration set for the Proof-of-Stake phase, I assume this will be 15% annually indefinitely.
One of the best things about DreamCoin, for me anyway, is the fact there is no pre-mine, and no instamine either. In order to distribute a bounty for a DreamCoin multipool, donations are being collected from the community. This is the way it should be done if you ask me.
Current short-term plans for DreamCoin include getting the official website up and running, a promotional video being created and plenty of other goodies that haven’t been announced yet. More donations to the bounty fund means more projects can be developed.
DreamCoin has been picked up by several exchanges already, with the latest addition being Poloniex. Before that, BitTrex ShareXCoin and AllCoin had all opened trading pairs for DreamCoin. Currently, 1 DRM is priced at the 20,000 Satoshi mark.
Make sure to check out the official DreamCoin thread on BitcoinTalk!
DreamCoin donations are welcome to : DJt38YNfQcAjo4mTXDLtRzDZocek4M1eda