The past few days I’ve been writing about privacy cryptocurrencies. If you haven’t seen them yet check out my pieces on Monero, Zcash, PIVX and Zcoin.
Today it’s ExclusiveCoin (EXCL). It’s currently trading around $1.30 with a $5.5 million market cap.
The first thing you should know is that it’s the creation of none other than @kingscrown, well-respected Steemit author, founder of FUK the Financial Underground Kingdom, and developer and marketer.
This coin has a long history, launching in September 2014. It spent much of the first couple of years trading under a penny but took off starting in March and traded over $2 in August.
Originally it was going to be PoW for the first four years and produce 60 million coins, then switch to PoS and have 2% inflation per year.
But then Cryptsy collapsed and a lot of coins were lost. The supply was reduced to 4 million and EXCL went full PoS.
Having PoS makes EXCL more secure as the coin is resistant to hard forks. You can trust your transactions are safe.
EXCL also uses masternodes, which are basically computers that run the network and provide services to users. You need to stake 5,000 EXCL to run a masternode.
One of those services provided by the masternodes is privacy. EXCL uses DarkSend, which is basically a coin mixer built into the wallet. Dash and Pivx use this technology as well.
At one point the intention of EXCL was to get into commerce. It would have a market where you can buy a number of items cheaper with EXCL than if you bought them in BTC.
I’m not sure if that’s still the plan but there does appear to be some things going on behind the scenes.
EXCL recently revamped its website, added some members to the team, and said to stay tuned for some very exciting things in the near future.
I’m picking up some EXCL, how could you not bet on @kingscrown?
For more on cryptos follow me @g-dubs and on SteemFollower
Ah cool! I never heard of this coin before.
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Thanks!
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i like coin mixers but i dont know if they really help you be anonymous
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I helps if someone can't trace the origins of your coin
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do you invest in the coins that you write about or its just good information
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both
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Nice @g-dups! This whale is going to check out this coin:)
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Thanks! I see @stackin using @whalereward had to check it out.
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@g-dubs thanks for the info. about EXCL. You are bringing up several interesting coins, at this time the private ones, and I believe many of the them will succeed on a certain point. This depends on regulations too, but in a way or the other they have to look for a way to stay. What do you think? Just upvoted. @gold84
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It's still a tiny market overall, I'm a buyer.
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I like the name; Def gonna check it out as I like privacy coins
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Cool, thanks for reading!
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This post received a 1.6% upvote from @randowhale thanks to @g-dubs! To learn more, check out @randowhale 101 - Everything You Need to Know!
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Eventually privacy will no longer exist. So I don't believe that privacy tokens will have value for too long.
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Maybe, just doesn't jive w human nature imo.
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@originalworks
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This post has received a 12.00 % upvote from @lovejuice thanks to: @g-dubs. They have officially sprayed their dank amps all over your post rewards. GOOD TIMES! Vote for Aggroed!
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This wonderful post has received a bellyrub 5.17 % upvote from @bellyrub thanks to this cool cat: @g-dubs. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
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