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Price
0.07
Market Cap.
2,304,378
Change % (1H)
-0.09
Change % (24H)
1.63
VeriCoin (VRC) Historical Price & Volume Charts
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Description
VRC is designed to reduce the PoW phase and enter PoS phase quickly. With a steady block reward and block time of sixty seconds, the PoW phase is designed to finish after the first few weeks of launch - 10/05/2014. The PoS interest rate is dynamic and depends on how much the coin is held and staked in the PoS. The dynamic interest rate is pegged at a sensible level of between 0-3% roughly. The PoS interest is gained through transaction fees which are also distributed to the Vericoin fund - to aid in development and promotion of the currency. There was no premine.
Genesis Date: 2014-07-06
Website: http://www.vericoin.info/
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