EunCoin is created to allow people to benefit from cryptocurrency while they pursue their passion and cultivate their creativity. Know more here https://euncoin.com/faqs/
2. WHY WAS EUNCOIN CREATED?
EunCoin is created to allow people to benefit from cryptocurrency while
they pursue their passion and cultivate their creativity. Euncoin will allow
creators to give something back to their donors for their contributions in
the form of tradeable digital tokens, which can be used as a currency. This
will entice the viewers to donate more in exchange for coins. The more
money that donors spend on funding content creators, the more coins they
receive. In turn, the content creators get to increase their revenues directly
and give them more time and money to do what they enjoy doing. An
additional unique purpose behind Euncoin is to promote the use and
sharing of information and creation of Internet content, which is now an
integral part of our daily life.
3. INTERNET CONTENT CREATORS
Internet content creators are people who love to share their knowledge
and expertise, thoughts, or just some fun stuff with the community. The
creators of channels on YouTube and other video sharing sites as well
as art sharing platforms like DeviantArt and Behance are considered as
Internet Content Creators.
4. DONORS
Donors are those who support content creators and inspire them to
keep the good work up by donating a certain amount of money directly
to that content creator or YouTuber. Donors get a feedback by
donating. They get coins for each dollar donated which they can use for
further donations or to exchange for goods and services or to trade for
other coins in cryptocurrency exchange sites.
5. SKILLS FOR COINS
Skills for coins stand for earning coins through sharing skills. Interested
participants can earn Euncoins by selecting a task that best suits their
skill and accomplishing it within the prescribed time period. The
amount of coins earned per task is standardized, so people who
perform the tasks will be paid equally regardless of their proficiency or
mastery on the subject as long as the objective has been met on time.
6. WALLET
Euncoin wallets are used to hold the coins to be able to participate in
transactions. Here, the coin flow is everything. People can donate, earn,
and spend coins; everything is coin flow like cash flow in business. To
keep track of these coins and keep the proof of transactions and
balance, a wallet is used. The first thing to do to be a part of the
Euncoin network is to register and download the wallet.
7. NUMBER OF COINS PRODUCED AND THEIR
DISTRIBUTION
40 billion coins are produced. Out of it, 30 billion coins will initially be
allocated to participating YouTubers. The coins will be awarded by the
YouTubers to their donors in exchange for their monetary donations.
2% of the total number of coins (800 million coins) is reserved for the
creators of the system. 10% of coins will be mined, so a total of 4 billion
coins will be used for traditional mining. Between 5 to 5.2 billion coins
are reserved for the Skills for Coin Program and the rest of the coins will
be distributed to the partners who helped foster and inspired to build
the Euncoin community).
8. HOW DOES MINING HELP SECURE
EUNCOIN?
Mining secures the network through verifying transactions and adding
them into the blockchain. Mining checks out reversed transactions, so
that it cannot be placed, as mining is very competitive to complete a
blockchain with all certain transactions. It does not let any individual
party get the power to block certain transactions and create their own
blockchain. Mining protects the neutrality and keeps the network
secure.
Network security is ensured by verifying and evaluating all the
transactions and adding them into each block and making a blockchain,
all the procurements are done in order to prevent manipulation and
reversed transactions along with false blockchains..
9. CONTACT FOR MORE INFORMATION
Website: https://euncoin.com
Facebook: https://www.facebook.com/geteuncoin
Twitter: https://twitter.com/OfficialEunCoin
Plus Google: https://plus.google.com/102636103264551759594
LinkedIn: https://www.linkedin.com/company/euncoin
YouTube: youtube.com/channel/UC7zjRALonj6Qj78qHPBkwbg
Instagram: https://www.instagram.com/officialeuncoin
Pinterest: https://www.pinterest.ph/euncoin