The name makes it clear. The Sterlingcoin originated in the UK. Launched in 2014, the currency has undergone many stages of development. The goal of the promoters was to offer a currency that made online transactions easier. There would be no intermediary, so no delays and no steep fees. Also, the currency would be not involving additional burdens such as VAT. This makes the Sterlingcoin the perfect currency for varied transactions and ensures that users do not have to worry about fees and other charges when conduction transactions online. Whether you are purchasing products or services, or any other financial transaction, the Sterlingcoin is the perfect currency for payments.
One of the best things about the Sterlingcoin is the low fees of transactions. That’s not all. Users can also stake the tokens, called SLG and earn more than 5% interest annually. The currency also offers discreet online transfers, so that the transactions cannot be linked to a user identity in the real world. The SLG also offers significant decentralization, so there is no wall barricading users from transferring funds to each other. This also lowers transaction costs, since there is no intermediary fee. Also, the transactions are near instantaneous, faster than traditional currency transfer methods.
Users can download a Windows or Android wallet to their device. A paper wallet is also offered for more security. The Sterlingcoin can be used for paying for online purchases. It can be used to pay for various services on the platform. The currency can be used by retailers to accept payments from buyers. Also, miners could sign up with a mining pool and start mining the currency. The Sterlingcoin also included a block explorer. Currently, all targeted 4 million coins have been mined. Therefore, only staking is allowed, so that users can earn interest on the currency.
The Sterlingcoin has been established since 2014, and this makes it more reliable. The developments that the currency has undergone have helped it maintain viability. Once the mining project was over, only proof of stake was allowed, and this helped keep the currency value intact. The Sterlingcoin is a currency that offers good rewards, whether in terms of a lower transaction, faster speed, and more benefits to buyers and sellers. Also, the currency user base can interact through social media and online forums, including chat. Users are rewarded for the tasks they accomplish, and this is another way to earn the tokens.
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