The Piggycoin was launched in 2014. This makes it one of the older currencies in existence. The coin was widely discussed because of its innovative concept. At a time when many users were trying to understand the concept of digital currency, the Piggycoin was launched as an attempt to help children understand how a digital coin worked. The cute logo and overall pink themed site design also helped generate interest. While the Piggycoin is useful for adults and children alike, the currency is expected to benefit people who want to save money, and reap rewards.
The wallet essentially functions as a digital piggybank. Users can deposit their PIGGY tokens into the wallet. Since the goal is help save money, any extraction of funds from the wallet attracts a fee. On the other hand, to reward holding of funds, the Piggycoin offers a few tokens as interest. Thus, those who stake their currency can earn rewards. The hybrid coin can also be mined.
Users can purchase the PIGGY tokens from recognized exchanges such as Coinexchange. They will then download the Windows or Android wallet to their device. The coins will be transferred to the wallet. One of the major goals of using the Piggycoin is to ensure savings; so if you stake your coins, you can earn interest on them. Users can also earn the Piggycoin through faucets where they complete simple tasks and earn the PIGGY token. The currency is also used by retailers, to offer products for sale minus steep transaction costs. This is expected to benefit retailers as well as buyers, since the transaction will have reduced expenses. For miners, a block explorer is on offer.
Users who love the speed and low fees of the blockchain can use the Piggycoin tokens for purchasing items online, without worries about bank costs and credit card fees. That said, the transactions are not completely encrypted, but the currency is still useful for people looking to purchase wide variety of goods using the currency. Since the currency is an educational effort aimed at children, teachers can earn the tokens for various activities. The fun design of the website and overall theme of the platform makes the Piggycoin an exciting currency for use, regardless of age. The wallets can fit onto any device, and the Piggycoin also offers a paper wallet for more security. Staking earns 3% interest annually. The initial days of launch also offered POW mining, but now the currency has reached the target of 400 million and therefore, only staking is offered.
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