Dear Steemians,
today I will talk a little about ChainCoin!
First of all: What is ChainCoin?
I bet nearly most of us didn't know about this crypto coin till the last few days. Their main intention is to create an independent bank system. It is also of course decentralized.
They also have a feature called "Masternodes/Coin-Mixing".
Masternodes are created when 1,000 Chaincoin (CHC) are sent to the server’s wallet, a form of Proof of Stake – where Masternodes are considered long-term holders, and thus they receive voting rights on the proposals in the network. The masternode step-up process does consist of many steps, however, the benefit for properly setting the network is worth the financial and community rewards. Masternodes are paid 25% of that block’s reward; blocks Masternodes are paid 25% of that block’s reward; blocks are paid out frequently.
That's about the coin, but where comes the hype about this coin?
Reason for this is this youtuber called HighOnCoin:
This guy has a big community and their goal is to buy and hodl this ChainCoin. If there are enough people who buy a lot of ChainCoin, the price will be "skyrocket" to the top as he says.
It's no pump and dumb - it's all about the hodl!
If there are more hodler, the demand of this coin will probably increase in the next few days/weeks.
Currently as I am writing this post the coin is at $0.717652 with an increase of 270% in the last three days. So it is currently winning against the upcoming downtrend of all the other cryptos because of the hardfork that will happen on the 1st august.
https://coinmarketcap.com/currencies/chaincoin/
So if you want to join this "experiment" you have to buy ChainCoins and hodl them till it reaches 100 USD per coin as he says.
These coins are currently mostly available on the exhanger Cryptopia https://www.cryptopia.co.nz/Home
Maybe it will work - maybe not. Good luck!
His Youtube channel:
https://www.youtube.com/user/HighOnCoins
dandylion