The EmberCoin is a currency that would soon be use for a plethora of online services, if everything goes according to plan. The currency was launched in October 2016 and has already found a good user base, the number one indicator of cryptocurrency success. The EmberCoin can be used for services ranging from design and hosting for websites to purchasing other services. The EmberCoin are offered in EMB tokens. The mining algorithm is x13 based. The hybrid currency offers both types of mining.
The mining target is 850 million coins. Once this amount has been achieved, the currency will rely solely on staking for offering rewards to users. Currently, mining and staking are both allowed. The promoters released a few tokens for raising funds through an ICO but the majority of the tokens are to be mined. This makes the currency near organic, and also helps maintain limited supply, which is expected to make the EmberCoin less prone to devaluation. Staking can earn users more than 700% in annual rewards and this amount decreases with time. Mining block time is around 3 minutes.
Users can purchase the EmberCoin from cryptopia and novaexchange if they are targeting rewards for staking. The wallet can be downloaded to Windows based computers, although there are plans to add other OS compatible wallets to the platform. The currency can earn mining rewards, and you are free to join a mining pool. Also, you can use the block explorer for mining. This makes the mining process relatively less difficult, and more automated. There is a developer’s wallet on github as well. In the initial stages, the EmberCoin promoters offered generous bounties for site development and this helped generate much enthusiasm. The continual developments and stable currency value is currently helping investors.
Since its launch, the EmberCoin has made rapid strides in development. The currency helps with quick and low cost online transactions. Additionally, it has stable value. If you frequently use services such as website design, development, and hosting, then the EmberCoin will help you pay for the services. The currency also offers lower fees, so the transaction costs will be lower. The hybrid currency offers good value to investors and miners. Also, users can join faucets to earn the currency for online activities. The currency comes with antivirus support for added safety. The frequent updates are one of the major attractions for users of the EmberCoin currency.
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