VeniVidiVici One of the most recently released coins that has gotten a lot of attention in a very short span of time, is called Coin. With a very limited supply of coins, and a short mining phase, let’s take a look at what else there is to VeniVidiVici Coin!
With probably one of the longest coin names in the history of digital currency,VeniVidiVici Coin stands out amongst the crowd. Add the fact there is a lot of talk going on about VVV on several big financial sites, such as TalkGold, things are looking quite interesting already!
Because VeniVidiVici Coin has a 1% pre-mine, and the developers wanted to be as transparent about it as possible, they made sure there would be a working block explorer from the start. They even posted all of the transaction IDs which involved the moving of funds from the pre-mine. I really like this approach to transparency personally.
I did mention there will be a very limited amount of VVV in existence, as the money supply is set at 5 million coins. Thanks to the implementation of Proof-of-Stake, you will earn 20% stake annually. Users start earning stake interest after a minimum of 12 hours.
With only 5 days of actual mining through the X11 algorithm, VenVidiVici Coin divided their Proof-of-Work phase up in three parts :
Block 1 -32 0 vvv —> To prevent instamining 30 minutes is enough to set up everything
Block 33-5000 500 vvv —> 3,5 days of pow
Block 5001-7200 100 vvv —> 1,5 days to reduce miners or multipools dumping
An interesting approach, especially by reducing the block reward for the final 1199 blocks to 20% of the normal reward. Whether or not this will work in their favor, remains to be seen of course, as there are no certainties in the world of digital currencies.
As far as exchanges go, VeniVidiVici Coin can be traded on BitTrex, where it has seen over 35 Bitcoin in trading volume over the past 24 hours, which is quite decent. One VVV currently trades for 6,000 Satoshi.
You can find out more about VeniVidiVici Coin through the following sources :
VeniVidiVici Coin website : http://vvvcoin.com/
VeniVidiVici Coin on BitcoinTalk : https://bitcointalk.org/index.php?topic=662680.0
VeniVidiVici Coin on CryptoCoinTalk : https://cryptocointalk.com/topic/12790-venividivici-coin-vvv-information/
VeniVidiVici Coin on Twitter : https://twitter.com/VeniVidiViciC
VeniVidiVici Coin on Reddit : http://www.reddit.com/r/vinividivicicoin/
VeniVidiVici Coin donations are welcome to : VWTVwBgFbmCsYFBXpsZ27PMbjD3fBQq9g3