The ChanCoin is the currency aimed at users of the popular internet forum 4 chan. The promoters call this niche currency, aimed a particular type of user. The currency was announced in July 2017, and there have been features added since then. The ChanCoin is expected to gain momentum since it is the official cryptocurrency of a popular internet community. Since the community support is there, the currency is expected to gain value as well. This could present a good opportunity for users.
The ChanCoin is offered in tokens called 4CHN. The currency is expected to follow Scrypt for mining. This is a proof of work currency, so right now only mining rewards are on offer. Each block can get a miner reward of around 50 tokens. Around 300 million coins are currently targeted. The circulation is slow to maintain the currency value. The currency has generated much discussion, and this is good news since more user interest means the chance of wider use.
The ChanCoin wallet is being developed and will be released soon. The currency also offers a block explorer. This makes the ChanCoin perfect for miners. The mining rewards are substantial. The currency will be used for rewarding popular posts on the 4chan forum. So, for users of the forum, the currency can be earned as rewards. Also, other users can offer encouragement to their favored posters using the tokens.
If you are 4chan user, you can utilize the ChanCoin tokens to offer tips to posts that you like. If you post on the forum, you can earn rewards for posts that are well liked. The ChanCoin also does away with transaction fees, so it is cheaper to tip with the 4CHN tokens than through any other currency. Also, the transaction times are low, and this is another major reason users might be attracted to the currency.
Another point investors may consider is the user base. Typically, currencies have to work from scratch to develop a community. However, the 4chan community is thriving, and the use of the coin, once it catches on, will open up many avenues for investors. There are plenty of coins left to be mined, and for miners, this is one way to earn bounties. The wallet will be ready for use soon and also offers a version for developers. Since every tight knit community is looking for its own currency, the ChanCoin might be what the 4CHN is looking for.
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