• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

NeuCoin – Not Just Another Blockchain, But A Complete Virtual Currency Ecosystem

Jp Buntinx by Jp Buntinx
7 years ago
in Altcoin News, Altcoins, Bitcoin, News, News teaser
2
Advertisement

NeuCoin is a virtual currency that has been in development for quite some time. Originally announced by the launch of the whitepaper in February of 2015, the NeuCoin team unveiled their plan of battle for the future. Core values include convenience, not requiring upfront investments to get acquainted with the currency, and a large focus on microtransactions. The long wait is finally over, as NeuCoin has officially launched today.

The NeuCoin Project Focuses On Many Different AspectsBitcoinist_NeuCoin_Aspects

Over the course of most recent years, virtual currencies such as Bitcoin have become synonymous with certain aspects of finance, including online gambling, donations, and remittance. But all of those individual aspects are only a minor representation of the total scope in which virtual currency could play a major beneficial role.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

NeuCoin’s founding team started the NeuCoin project in March 2014 and set out to conquer all of these different aspects with their own type of virtual currency. Keeping in mind the founding team is made up of individuals who have been involved in sectors such as online gaming, shopping, and music, the NeuCoin project seems to have all of its ducks in a row from the start.

Truth be told, NeuCoin wants to bring a tangible form of consumer utility, and not just focus on the financial aspect of using currency. Over the next few months, a pilot micropayments platform will be rolled out with major premium content partners in the gaming, music, and video industry. Additionally, NeuCoin has the support of three non-profit organizations based in the Isle of Man, to ensure future development, utility, and innovation.

To make NeuCoin as convenient as possible, the team has opted for a gamified approach to this alternate virtual currency. All of the necessary tools will be packaged into one easy-to-use platform, including a web wallet and mining service. Comparing NeuCoin to “just another blockchain” would be vastly underestimating the coin’s potential, as the team is bringing a whole ecosystem of services from day one.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Microtransactions are a major factor for the NeuCoin currency, regardless of the transaction amount. Whether you want to pay one cent or one dollar, NeuCoin will accommodate for every need in-app, online, and by serving as a payment method for premium content. Mobile and online games are at the top of the priority list, and dedicated releases will follow within the first few months after the launch.

NeuCoin co-founder Dan Kaufman stated: 

“After a year and a half of hard work, we’re excited to finally see NeuCoin come alive. We can’t wait for the crypto community to see how this technology can be made easy and fun for regular people – the MyNeuCoin wallet, the Growth Accounts that let everyone be part of mining, and very soon GetNeuCoin that explains crypto to regular people and gives them a few coins for free.”

Online Wallet, Coin-Earning Deposits, and Games & FunBitcoinist_NeuCoin_Growth Accounts

There are three main components to the NeuCoin launch, each of which will focus on a different market within the ecosystem. MyNeuCoin, the online wallet for NeuCoin, can best be described as a combination of Coinbase and Blockchain.info. No user coins are being held in MyNeuCoin directly, as there is no access to private keys associated with the wallet addresses.

To make the whole MyNeuCoin experience as user-friendly as possible, users of the service can login by providing an email address and password. The whole experience will feel as if they are using an online “account” while they are simply using a web interface for their regular wallet. All of the information present in MyNeuCoin is derived from the NeuCoin blockchain directly.

Storing, sending, and receiving NeuCoins is not the only objective for this alternate virtual currency, though. Growth accounts, which are equivalent to a proof-of-stake mining pool in the Bitcoin ecosystem, give users the chance to transfer funds to long-term accounts and earn large NeuCoin rewards during this period.

All of these coins transferred to these growth accounts are contributing to the NeuCoin proof-of-stake mining pool and help secure the coin’s network. Regular consumers can actively participate in NeuCoin mining, without having to invest in hardware, or being required to have a technical background. The NeuProject team hopes to convert most of NeuCoin’s users into long-term supporters of the currency.

Last but not last, there is some time for fun and games in the NeuCoin ecosystem as well. GetNeuCoin is the first of many onboarding websites to let mainstream consumers earn NeuCoin in an educational and fun environment. What makes GetNeuCoin so interesting is how the team wants to market this platform to non-crypto users first and foremost and combine it with a referral program.

Dan Kaufman, NeuCoin co-founder, shares his vision as follows: 

“Imagine… a random guy who knows nothing about crypto happens to win some ‘NeuCoins’ by playing a Facebook game. One click later and he’s on MyNeuCoin, which looks like a cool payment app like Venmo. One more click and his coins are “growing” (they’re actually mining but he doesn’t need to know that). Then he uses a few coins in another game to buy a power-up. A lot better than paying $5 with iTunes! Next he challenges his friend to the game, and they both get coins. That’s how you reach a million users, fast.”

Creating a Whole Ecosystem, Rather Than An Altcoin or BlockchainBitcoinist_NeuCoin_Tippy

While all of these initiatives are designed to give NeuCoin a boost in the beginning, the NeuProject team is looking to the future as well. Games, tipping solutions and premium content – including pay-per-views and micro-subscriptions – will be made available in the coming months. To get a detailed grasp of how NeuCoin envisions the future of microtransactions, make sure to check out the Strategic Plan.

The NeuProject team is looking to achieve much more than roll out “just another altcoin”. There are plans in motion to bring a whole new type of ecosystem to both mainstream consumers and virtual currency enthusiasts. In the end, the goal is to make NeuCoin more accountable and decentralized than “competitors” such as Ripple, Stellar, or even Bitcoin.

What are your thoughts on NeuCoin and the NeuProject team? Do you see a future for this alternate virtual currency? Why (not)? Let us know in the comments below!

Source: Press Release Via Email

Images courtesy of NeuCoin

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jp Buntinx

Jp Buntinx

JP Buntinx is a freelance Bitcoin writer and Bitcoin journalist for various digital currency news outlets around the world. In other notes, Jean-Pierre is an active member of the Belgian Bitcoin Association, and occasionally attends various Bitcoin Meetups in Ghent and Brussels

Related Posts

Bitcoin

Bitcoin Legalization Pushed By Mexican Senator, Despite Central Bank’s Opposition

26 mins ago
Oslo Freedom Forum, Lyn Alden screenshot

3 Lessons From The Oslo Freedom Forum: BTC Is Different – Neigut, Alden, Feinstein

9 hours ago
Bitcoin

Bitcoin Funding Rate Turns Deep Red, Short Squeeze Soon?

15 hours ago
Legal Experts Reveal Regulatory Uncertainty Around Crypto Could Spike Lawsuits

Legal Experts Reveal Regulatory Uncertainty Around Crypto Could Spike Lawsuits

21 hours ago
El Salvador

El Salvador, Unfazed By The Bear Market, Buys 80 Bitcoin – Will Others Do The Same?

2 days ago
Cryptoqueen

‘Cryptoqueen’ Has A $100,000 Bounty On Her Head Offered By The FBI

2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.