March 8, 2018: A new cryptocurrency, GINcoin, was launched in late February, aiming to provide cryptocurrency investors with an easy way of creating and deploying their own masternode(s) – regardless of their technical abilities. GIN creators are now launching the GIN platform, allowing investors worldwide to create and maintain their own masternode with a few easy clicks. Their ultimate goal is to democratise the way masternodes are created and, as an effect, prove crypto is here to stay – by making it more user-friendly than paper money.
Currently, masternodes are a tough asset to invest in. They’re difficult to set up and (if you’re not a developer) require at least 1 partner with technical knowledge that has to be trusted with everyone’s money. GIN aims to change that by providing each investor having the money power with the technology required to launch their cryptocurrency investing.
The masternode can be launched with a few easy clicks, just like installing and running a regular app or program on your computer. At the moment, this is available for GINcoin only, but we are continuously adding new supported blockchains.
The reason behind the creation of the GINcoin alongside the GIN platform for masternodes, is the necessity of having an autonomous utility token. At the moment, other cryptocurrencies such as Bitcoin can be used to pay for server hosting or transactional fees, but in the future investors will be able to use GINcoin to pay for any required fee. Therefore, the aim is that of having a self-governing and self-funding model.
GINcoin uses a Neoscrypt algorithm to run its processes, having at its core technology built on top of DASH’s. This means that users can perform instant transactions directly from their wallets with the InstantSend function, without having to wait dozens of minutes on end for a confirmation of the transaction. Moreover, GINcoin also offers private transactions, through PrivateSend, ensuring completely anonymous transactions that cannot be traced.
GINcoin’s blockchain utilize a block time of 2 minutes and offer a reward of 20 GIN per mined block with 50% of the reward going to the masternode and 50% to the miner. This reward decreases by 50% every year. The total number of GINcoin (10,5 million) is expected to be discovered by 2040.
Individual investors will be able to buy as little as 2,5% of the masternode value and then wait for other investors to buy shares until the total collateral amount is reached. Afterwards, a shared masternode will be launched, allowing people to own masternodes without breaking the bank.
GIN creators aim to set the tone for a new age of projects that have their own token and blockchain, encouraging many of the current masternode endeavours to develop into valuable projects.
GINcoin Masternode Platform: http://p.gincoin.io
For more details, you can join GINcoin’s Discord channel and get in touch with ghebortz.
This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.
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