78.5 million ClubCoin was mined to start and these coins are being distributed to BitClub Network members. See disclaimer below. No new coins will be created using Proof-of-Work method, all new coins will be issued from the 20% yearly interest paid to holders of ClubCoin who are staking their coins. This drops in half every 2 years.
Built-in Users = Adoption
ClubCoin was first introduced to BitClub Network members as a strategic way to distribute the coins across a global network of users. This model gives ClubCoin a unique advantage over most coins in the market as it will continue to be issued and distributed worldwide to a fast growing user base.
ClubCoin has it's own Blockchain and distributed network of nodes that make it very secure against attacks and hard to get 51% consensus. Other digital currencies that are only Proof-of-work face issues due to their reliability on large-scale mining operations. ClubCoin also boasts a powerful Block Explorer.
A new Merchant Platform is being built that will allow online and brick & mortar businesses to accept ClubCoin risk free, within a secure and reliable environment. Since many members will be eager to use this platform we have created a very strategic way to sign up new merchants. We have big plans for ongoing development of the entire ClubCoin ecosystem.
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2022-11-07 07:05:25 +00:00 GMT
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