So I was asked by a friend of mine to take a look at a new altcoin, which will be launched soon. Yes, it will have a pre-sale. Yes, it will be about cloud hosting and file storage. Time to take a closer look at XCloudCoin!
XCloudCoin aims to bring the world of cryptocurrency and the world of cloud storage together. With a main developmental focus on everyday functions and features, but also keeping user privacy in mind, it will hopefully be an interesting development roadmap.
Let’s start by taking a look at XCloudCoin’s main features. Cloud storage will be the main flagship of this altcoin. As data transfer needs to be optimized inside the Crypto community, it sounds good to me so far.
With this cloud storage feature, it is important that users’ data is properly secured and encrypted. Enhanced password security is another feature that will be available to XCloudCoin community members.
Security wouldn’t be complete without also offering 2-Factor Authentication though. No details have been provided on which 2FA method will be implemented for XCloudCoin. I would assume Google Authenticator will be supported (at some point)
Two interesting features are Cloud Safe File Storage, allowing users to backup data specifically on their system, with multiple layers of encryption. On the other hand, there is Cloud Music Player, which supports WAV, MP3 and FLAC files. Music can be played on your computer and mobile devices.
More features of XCloudCoin will include a video player, news feeds integration, encrypted notes , picture gallery, public/group share files, personal calendar, and the CrypTrader trading platform. Very interesting so far, assuming they can get it all to work properly.
There will be three tiers to XCloudCoin’s cloud offerings. A free account will get you 2GB of storage with limited features. Membership Service gets you 100GB of storage and all features (220 CLD/month). Premium service gets you 500GB of storage and all features,including the Tor/Hyperboria beta (500 CLD/month).
We will be requesting a beta invite to the XCloudCoin suite of features, so we can do a proper review of how everything works. In the mean time, let’s take a closer look at XCloudCoin’s technical specifications :
Coin Name: Xcloudcoin
Total coins: 5,000,000
Proof of Stake Reward: 1%
Block Time: 60 seconds
Coin Maturity: 50 blocks
Min Coin Age: 6 hours
Coin Age Maturity: 30 days
Min Tx Fee: 0.0001 CLD
I did mention there will be a pre-sale (ICO) for XCloudCoin. This pre-sale is currently taking place on the BitTrex exchange, and a total of 4,850,000 CLD will be sold. The remainder of the coin supply will be used for bounties.
You can find out more about XCloudCoin here :
XCloudCoin website : https://xcloudcoin.org/
XCloudCoin on BitcoinTalk : https://bitcointalk.org/index.php?topic=702981.0
XCloudCoin on Twitter : https://twitter.com/xcloudcoin