EuropeCoin (ERC) is an open source currency, based off the blockchain. More than 130 million coins are in circulation, where a few were sold through ICO. As the name suggests, the currency is aimed more decentralized market in Europe. The currency offers commissions for users that hold the EuropeCoin in their wallet.
For the coins maintained in the wallet, the user receives a commission. Also, there is a method for compounding the interest. This ensures that the user remains committed to holding coins on the wallet. For users who want to do nothing more than just collect coins and earn commission for that, this would be the right currency. If more users refuse to sell coins, this reduces the availability of coins in the market. This boosts the value of the coin. For coins that are held in inoperative accounts, there is provision to destroy the tokens. This further diminishes available coins and boosts the value of the coins.
The currency is supported by the blockchain. Mining uses the hardware of the user, to keep the process democratic. It is important for users to undertake transactions once the deposit in their wallet reaches maturity. The amount of bonus depends on the term of deposit. Longer deposits earn higher interest, so a one year deposit earns around 5% interest. A one month deposit earns 3% interest. Mining is based off proof of work.
The currency is traded on Bittrex allowing users easy access. The wallet can work on computers and offers open source blockchain. The currency offers many benefits. They can earn interest on the deposits in their wallet. The longer they hold the coins, the more they earn as interest. This also helps improve the value of the coin, which is in the long term interest of the users.
EuropeCoin supports a decentralized space, where users can easily communicate and work together. The currency encourages user involvement such as for holding coins so as to boost the value of the currency. The cloud storage offers more flexibility for users. There are plenty of other reasons you might want to rely on the EuropeCoin, should you be looking to invest in digital currency. The currency is specifically targeted at European market, and thus, is expected to occupy a niche spot. The company also supports custom hardware development for operational purposes. The technical expertise of promoters, as well as the niche market target, would yield good returns for investors.
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