Users like the TheGCCcoin for many reasons. It offers two types of mining, for convenience as well as security. The goal of the promoters is to create a currency that can be used like regular currency, for paying for daily necessities and for online shopping. The token, GCC, can be mined as proof of stake and proof of work. The ICO released some coins into circulation for raising funds. Around 20% of the coins are used as rewards for mining blocks.
There are rewards for both types of mining. Block mining constitutes proof of work and can fetch further coins as a reward. Users also need to use half the coins for staking. Staked coins need to remain the wallet for 3 days and not more than 9 days, to earn interest, which can be as high as 20%. Using two types of mining ensures more security for user assets.
The wallet can be downloaded as an app to Windows, Mac, and Linux computers. It can also be run as a web-based application. The low block time ensures that mining does not drain user resources. In addition to interest on staking tokens, as well as proof of work rewards, users also earn commissions on transactions carried out using the GCC. The goal is to ensure that GCC becomes widely accepted and used. The rewards on offer are one step in that direction.
Since the promoters are interested in making the GCC more widely used, there are strategies in place to protect user interests. There are rewards for mining the currency, so whether you stake GCC or mine them using your CPU, you get a bonus. The currency also supports low block times and does not use too much energy. There are strong security mechanisms in places, such as auditing and data privacy.
Other benefits include plentiful supply and more generated through block staking. It is hoped that as more people use this currency, online transactions using digital currency will be more widespread. This will help users buy and sell through the TheGCCcoin platform more easily. The wallet may be easily downloaded to the user computer. It can work with different operating systems. Users who want more mobility can choose browser-based wallets. It is important that users learn all they can about wallet use, how to earn interest, and how much they can potentially earn through proof of work, for optimum use of the system.
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