Gem of the day 19 -GINcoin (GIN)
$1.61 USD
All time high price:
Social:
What is GIN?
- GINcoin’s main purpose is to increase the likelihood of masternode mass adoption.
- It achieves this in two core ways by allowing non-technical users to deploy masternodes through a GUI-based, easy to use interface
- It also enables users to pool their funds together and share a more expensive masternode - e.g. Dash
- They have a working platform ( https://p.gincoin.io/#!/ ) with over 1800 hosted masternodes ( market value over 10,000,000 USD and support for 17 coins.
- New coins are added over time
- GINcoin is used to pay for the hosting fee and is used in the shared masternodes service.
- Above is a snapshot of the platform!
Why I like GIN:
- GIN Platform is designed to enable users with little technical knowledge to set up masternodes (MN).
- By setting up a masternodes via the GIN Platform users are able to earn a passive Masternode income
- This means you do not have to set up the tech on your own server.
- Upon launch the platform has created a huge buzz
- This project aims to simplify the process of masternodes creation and ownership.
- The platform allows for instant and anonymous validation of blockchain transactions using turnkey masternodes.
- This platform has been a major hit for crypto-enthusiasts with little or no technical understanding of the process.
- They are working in partnership with Civic.
- In the GinWallet you have a secure place to store your nodes.
- Through GinMining you can mine alongside other miners in the GIN community as a pool.
Risks:
- Like all projects right now there is a lack of liquidity. This is really a long term play.
Rating:
9/10
- I LOVE the idea behind GINcoin. A working, fully functioning platform created solely for the purpose of masternode staking. A home for MN’s. Who doesn’t like free money? Now you’ve got a secure platform to keep them safe on.
- Set up maternodes easily and earn passive income. It really is that easy!
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