We all know that there are thousands of tokens that exists in the market today. Almost all of them look promising to me. However, not all of the coins or tokens in the market are perfect or safe. Everything has a risk, especially if you are going to spend time participating in their airdrops or bounties or investing in their crowdsale. Expect that there are some who either met, exceed or fail in your expectations. At the end of the day, it is your decision whether to take the risk or not.
One of the common issues of buying and selling #Bitcoin and other #cryptocurrencies is the transaction speed. There are times that your Bitcoin or any other currency may arrive in several minutes, hours or days. It is one thing that individuals and businesses are concerned these days.
- What if that individual you sent Bitcoin or other form of #cryptocurrency is in a hurry to use that for paying dues such as electricity, water, telephone bill, etc.? Or emergency situations?
- What if the lender demands money immediately when it took him hours or days to wait for the Bitcoin or other cryptocurrency to confirm?
- What if a restaurant you ordered some lunch hasn’t officially received your Bitcoin yet due to numerous confirmations that needs some time to wait for it to fully confirm? Especially if they need to buy more stocks?
For sure, you need to use third party accelerators like ViaBTC. However, it can only happen every hour and you should be fast to monitor the countdown. If you don’t, you need to wait another hour again. The one that makes me even frustrated is that when my Bitcoin was sent, it needs me to dig deep into the whole to find that transaction ID which was not yet accelerated.
This is the problem that most individuals and businesses are experiencing today. It is why there’s one upcoming cryptocurrency who definitely cares about faster transactions. The cryptocurrency that I am going to share is no other than the #GenesisCoin.
Anyways, let’s talk about Genesis Coin. Shall we begin?
Genesis Coin is a token under the Ethereum (ERC-20) smart contract that focuses on making transactions fast, secure and flexible. It means that this isn’t just an ordinary token. It is a token that would finally save you some time in completing the transaction. Although I do respect other cryptocurrencies in the market, but faster transactions are giving you the edge over the others.
Here are the specifications of Genesis Coin:
Total supply: 16 million
Contract address: 0x9dfe4643C04078a46803edCC30a3291b76d4c20c
Symbol: GEN
Decimals: 8
What makes Genesis Coin different from the others?
1 - Fast block time. Unlike the other coins or tokens in the market, Genesis Coin has a fast block time of 15 seconds per transactions. For individuals and businesses, this feature alone is an advantage for further transactions.
2 - Supports multiple wallets. As of now, Genesis Coin supports wallets like My Ether Wallet, Jaxx, Metamask, Parity and Mist Wallet. It gives you several options to store your Genesis coins once and for all.
3 - Open source and transparency. Another feature that I like about Genesis Coin is that they’re open sourced. If you want to know what’s going on with the Genesis Coin, they’re allowing you to view the source code that anyone can view it anytime they want.
4 - Safe and secure. Since Genesis Coin is built under the Ethereum smart contract, there’s no question that your assets are safe and secured in this #blockchain.
5 - Can be used as a medium of exchange. If you want to purchase goods and services, you can pay with your Genesis coins. You can trade this on some exchanges like Etherdelta and Decentrex as well or hold it until they grow in value.
Do Genesis Coin have a reward program for participants?
Days ago, they have a free airdrop opportunity to those who participate. Unfortunately, there will be no more airdrops as the final round was finished. However, they do have a bounty program that you can participate. In the bounty program alone, Genesis Coin has a total pool of 2.5 million coins to reward the participants. They also reward you additional bonus coins just for donating, and three lucky donators will be receiving a huge amount of coins straight to their wallet.
Moving forward
To be honest, I like the concept of their project. Faster, safe and flexible transactions are essential to most individuals and businesses, and Genesis Coin can make it happen. I can see that this token would succeed in the future. As what I have seen in their whitepaper and roadmap, I’m very impressed of what they’ve stored for us later on. The entire team are doing a great job in developing this one-of-a-kind token. There is no doubt that Genesis Coin would grow in value for many years to come.
Looks interesting, and I will keep it on the radar. For sure. 🦋✨
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