Breaking News!
When CLOAK becomes open source, people in the anonymous community will gain trust in the project and it will rise in value faster than anything we have ever seen in crypto. CLOAK is going open source in September and this has been confirmed by the cloak team* (source below).
What makes CLOAK so special?
- CLOAK is the first truly anonymous coin. Period. Monero is considered to be the second most anonymous coin but over 80% of Monero transactions are not anonymous*
- CLOAK’s block time is 60 seconds making it great for day to day transactions V.S. Bitcoin’s 10 minute block time. The CLOAK team is reaching out to merchants to adopt it.
- CLOAK uses a proof of stake (POS) model and rewards 6% per year. All you have to do is put your CLOAK in their wallet.
- POS uses very little energy. At the rate the bitcoin network is running, "Bitcoin could consume as much electricity as Denmark by 2020*"
- You can earn additional coins if you participate in the mixing process and support the anonymous features of this coin. To send an anonymous transaction costs 1.8% as a transaction fee. You earn a portion of this transaction fee by setting some of your coins on the side for this process--potentially leading to very lucrative rewards.
- CLOAK’s is inherently rare with a circulating supply is only 5 million. There are currently 35 million millionaires in the world*, seven times the amount of CLOAK in circulation.
Why is CLOAK’s value so low right now?
Currently, it's not trusted which is why the price is so low. Once this coin becomes open source this month, it will become massively adopted and recognized by the entire crypto community.
After doing some research, if you determine cloak's tech is superior to the competition, then if it reaches DASH or MONERO valuation, then each CLOAK coin would be worth $350-471 USD a piece.
Disclaimer: Cloak is 15% of my portfolio. This is not investment advice. Please read their whitepaper and do your own research before spending your hard-earned money. I will not be responsible for any profits/losses you might encounter while investing in cloak. Everything expressed in this post is strictly my own opinion.
THE FIRST 10 PEOPLE TO POST THEIR CLOAK ADDRESS WILL RECEIVE 1 CLOAK! That is how much I believe in this project!
Sources:
https://cointelegraph.com/news/bitcoin-price-might-exceed-1-million-more-millionaires-in-world-than-bitcoins
https://www.cryptocoinsnews.com/sleeping-giant-crypto-space/
http://www.trustnodes.com/2017/04/15/monero-transactions-usually-not-anonymous-says-new-study
https://motherboard.vice.com/en_us/article/aek3za/bitcoin-could-consume-as-much-electricity-as-denmark-by-2020