Ever since we did our original article about KingdomCoin, there has been a lot of positive interest from the cryptocurrency community regarding this project. As is usually the case with more attention, some interesting questions have been raised, to which we have received answers. Some more general news has been announced as well, so let’s get to it!
One of the more pressing questions is why people/advertisers would be forced to pay in KING in order to use AltcoinKingdom’s services. While this is a good way to create an actual demand for KingdomCoin, there will be a lot of people who want to pay in Bitcoin.
Rest assured however, as you can also pay in Bitcoin for any of the AltcoinKingdom services. But there is a twist, as people who pay in KING will receive a discount of up to 50% on their purchase, compared to paying in Bitcoin. Organizing things this way creates even more demand for KingdomCoin, so it will be interesting to see how this plays out.
Several community members have also raised concerns in regards to the KingdomCoin distribution, as far as the mining part goes. With only 30% of the coins allocated to the ICO (more on that in just a bit), there is still a lot of room for people to either rent a ton of mining power, or simply use their massive farming rigs to scoop up most of the coin supply.
The man behind AltcoinKingdom and KingdomCoin assured the community everyone will get their fair share of the mintable coins. Everyone who mines will get a portion of the coins, and as KING is all about the demand, even a small amount of coins can turn out to be incredibly valuable over time.
It is also important to note there will be no mining while the KingdomCoin ICO is underway. The ICO itself will last for an entire week, and mining (Proof of Work) will begin a few hours after the end of the C-Cex ICO.
In other news, cryptocurrency exchange Coin-Swap has announced they will list a KING trading market after the coin has launched. Said announcement brings the number of exchanges listing KingdomCoin to three (for now).
Last but not least, I wanted to remind everyone the actual KingdomCoin ICO will take place in a few hours from now (click here for the countdown timer). With 7 days to make your investment, there is plenty of time to do your own research about this project, and see if you think it’s worth investing in. Any coins not sold during the ICO will be destroyed by C-Cex.