• 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
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin 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 Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Breaking News: Breaking: SEC Sues Binance And CEO For Alleged Securities Fraud
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin 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 Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Breaking: SEC Sues Binance And CEO For Alleged Securities Fraud
NeuCoin

Is NeuCoin the Strongest Altcoin Opening in 2015 Thus Far?

Clay Michael Gillespie by Clay Michael Gillespie
8 years ago
in Altcoin News, Altcoin Price, Altcoins, Bitcoin, Bitcoin Technology, Companies, News, News teaser
0

Let’s face it: there’s a sea of altcoins debuting practically every month. Now that cryptocurrency has made its mark for more than five years, the technology is getting more sophisticated and easier to produce. That being said, it doesn’t always mean new altcoins make a significant impact.

With new altcoins premiering all the time, it’s hard to break the mold and catch some eyes. But NeuCoin seems to be doing alright with that, as they’re launching their crypto-currency on the heels of $2.25 million in funding from major tech industry giants.

NeuCoin Brock Pierce
Brock Pierce is a strategic advisor along with Jackson Palmer

Before launching, NeuCoin reached out to “strategic angels,” inviting them to invest in their vision of mainstream adoption. The return on those invitations is a bit of a staggering list. Not only are Jackson Palmer, creator of Dogecoin, and Brock Pierce of the Bitcoin Foundation advisors to the NeuCoin team, but they also have a list of people involved that put their money on the line.

 

  • Patrik Stymne – co-founder of King (Candy Crush Saga)
  • Rob Goldman – head of growth at Facebook
  • Emil Michael – senior vice president of business at Uber
  • Henrik Kjellberg – president of Hotwire
  • Alex Norstrom – vice president of growth at Spotify (strategic advisor to NeuCoin)

 

In addition to those strategic angels, NeuCoin has also partnered with MondoMedia, YouTube’s most-viewed animation channel — touting more than two billion views — Jango, an online music service, and RadioAirplay, a music artist promotion company with 250,000 musicians.

All that work prior to a launch is unheard of for most altcoins. Normally, there are a lot of promises that never come to fruition, but rarely are their serious partnerships spread across multiple industries right out of the gate.

The NeuCoin Specs

With a big opening, speculators can only hope that NeuCoin has a big vision and plan. According to the team, they plan on focusing their efforts on micropayments, which makes sense when looking at their angels.

NeuCoin utilizes proof-of-stake technology, and plan on distributing their currency to all participants who help increase its utility, growth and value..

Their plan is to give coins away for free to get consumers started, along with rewarding those that recruit more people. Then, some coins will be given to companies that accept micropayments in Neucoin, along with exchanges and payment processors. Finally, an undisclosed amount, at this time, seem to have been sold to investors, with the proceeds from their investment going toward user acquisition and utility development.

“Strategic currency distribution is a huge advantage over Bitcoin and other Proof-of-Work coins,” said Dan Kaufman, one of NeuCoin’s co-founders. “Instead of handing all the currency to miners, where its value is essentially spent on computing and electricity costs, NeuCoin channels the value of the currency into user growth and projects that make the currency useful for regular consumers.”

According to NeuCoin, the utility and growth will be funded by three separate non-profit foundations, based in the Isle of Man, which we all know is incredibly digital currency-friendly. But as we have seen with bitcoin, having foundations making decisions on behalf of the user base makes it hard for crypto-currencies to feel truly decentralized. It’s a debate that wages on to this day.

NeuCoin is also premined, another debate that’s currently being discussed at length by various members of the digital currency world. While some feel premining is necessary to reward developers, others think it’s downright dirty after seeing countless scams launch with premines.

Still, some people are perfectly fine with a premine — as mentioned above, it’s a debate that’s currently being discussed.

According to NeuCoin, the premining and rate of production are as follows:

“Three billion NeuCoins will be pre-mined and allocated to the foundations (83.3 percent), the founding team (6.7 percent), and the initial investors (10 percent).

Over 10 years, the supply of NeuCoins will grow to approximately 100 billion, primarily from PoS awards that steadily decline from 100 percent to 6 percent per year. After 10 years, the supply of coins will grow by 2 percent to 4 percent per year, based on the number of coins staked by miners. These high PoS rates reward early NeuCoin adopters and address a critical security issue of previous PoS coins by incentivizing PoS miners to stake many coins and operate many nodes.“

What do you think of NeuCoin? Does it have the power to back up the developers’ promises? Let us know in the comments below!

Pictures from Pixabay and Wired Archives

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Clay Michael Gillespie

Clay Michael Gillespie

Clay Gillespie a writer and reporter for many different platforms across the tech industry. He holds a B.S. in Journalism and Public Relations from Ball State University, and freelances for different clients in technology and cryptocurrency. For more information, visit his personal website, claygillespie.com.

Related Posts

USDC and Abritrum

Circle Announces Launch of Native USDC on Arbitrum Network, Aims for Faster Transactions

3 days ago
Circle

Circle And Arbitrum Launch Native USDC: What You Need To Know

4 days ago
Bitcoin Whale Shark

Bitcoin Sharks & Whales Have Bought 93,000 BTC Since April Top: Santiment

7 days ago
Bitcoin

BREAKING: Bitcoin Mining Industry Spared From 30% Tax In US Debt Ceiling Deal

7 days ago
Bitcoin

Bitcoin Taker Buy Sell Ratio At Highest Since Feb, What Does It Mean?

1 week ago
USDT Market Spikes While USDC Dips Amid Economic Uncertainty

USDT Market Dominance Spikes While USDC Dips Amid Economic Uncertainty

1 week ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Now Trending

  • Whale Power Unleashed: Mooky Emerges as the Rival Meme Coin...

    4 days ago
  • Exploring the Meteoric Rise of Mooky: Could It Be the Next...

    4 days ago
  • Discover the Next Big Thing: Mooky.io Presale Boasting Fair...

    5 days ago

Top Casinos

Trust Dice
Trust Dice
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
K8
K8

Press Releases

  • Rollman Mining Marks Its Ascent as the World’s First...

    9 hours ago
  • Top Crypto Whales Think DigiToads (TOADS) And Monero (XMR)...

    9 hours ago
  • XT.com Lists NORDEK ($NRK) in its Main Zone

    9 hours ago
  • Hedera (HBAR) Investors are now Turning Their Attention to...

    11 hours ago
  • How a College Dropout Turned $200 into $2 Million with...

    15 hours 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
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
      • Bitcoin Casinos
      • Real Money Slots
      • Online Casino Real Money
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin 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 Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Play Finance

© 2023 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.