[youtube id=”H-GA-zA1b4Q”] 12/02/2014 (press release: acoinproject) // Crispendorf, Thuringia, Germany // Hans Schmidt
The revolution of digital currencies has started and seems to be unstoppable by now. More and more retailers are accepting Bitcoin in their stores and even some employees are already receiving their salaries in digital currencies. Bitcoin is slowly developing into an economic powerhouse with the total Bitcoin economy now totaling around 4 Billion US$.
Many people use Bitcoin to bypass expensive services like credit cards and money transfer services like Western Union, while others see Bitcoin as a good investment vehicle. After all, the Bitcoin price has risen from just a few cents in 2010 to around $400 per Bitcoin today.
And exactly this market of digital currency investors is what the new digital currency, Acoin is after. The times where you could buy a Bitcoin for 5 cents will never come back and time machines simply don’t exist for the many who are now saying “I wish I had bought some Bitcoins two years ago”
Acoin wants to be that “Bitcoin Time Machine”. The currency is designed to simulate the conditions of 2010, when only a limited amount of people were using Bitcoin and when there were also only limited Bitcoins in existence. Acoin is designed to be much more rare than Bitcoin. While Bitcoin is limited to a maximum of 21 million coins, Acoin is limited to only about 1.2 million coins.
The developers of Acoin envision that the main use of the coin is not necessary buying a cup of coffee at the coffee shop around the corner, even though you can buy anything from a subway sandwich to silver bullion with Acoin, but to use Acoin as as a hedge against banking disasters and instability of fiat currencies and a way to transfer funds very quickly and with almost no fees at all.
Acoin wants to be “digital gold”. Traditionally, gold and silver were used as hedges against inflation and financial instability. Now Acoin offers a digital alternative to owning gold. Gold is hard to transport, difficult to divide and not easy to turn into money or goods. Acoin, the digital gold has none of these drawbacks. You can send any amount of Acoin from a thousands of an Acoin to over 10,000 Acoin at the speed of light.
With Acoin, you can also support your local charity with direct payments without banks or organizations taking a share of the donations. On the Acoin web site www.acoinproject.org, there is a community page where community members can add their project to be supported via Acoin. This support for small projects, also called “tipping” is very popular in the world of digital currencies and of course you can also “tip” your favorite charity or support your favorite community project with Acoin mini payments.
But the major beneficiaries of Acoin are going to be the investors, the holders of Acoin. Acoin’s developers are looking to encourage investing in Acoin via a cash bonus program. They have arranged for a payment of 14,000 US$ as a bonus for investors in Acoin. Once the Acoin price on the exchanges stays over 0.1 Bitcoin for 20 days, the top investors in Acoin will receive $10,000, $3,000 and $1,000 respectively. With an open blockchain ledger, anybody can see which Acoin wallet holds the most Acoin, so the bonus is easily and fairly distributed and guaranteed to go the true believers, the three top investors in Acoin.
The Acoin developers are offering this bonus as a reward for believing in the currency and being an active part of the Acoin community. It’s the Community support that made other alternative digital currencies like Dogecoin very successful and popular and Acoin wants to be a serious contender in the world of Cryptocurrencies by creating a vibrant and active Acoin community.
With the limited amount of Acoin available compared to Bitcoin, a price of 0.1 Bitcoin per Acoin is very reasonable and the developers of the coin are expecting the coin to eventually even rise above the price of Bitcoin. That is when a next bonus is planned when Acoin reaches the milestone of 1 Bitcoin per Acoin. A $100,000 bonus will be made available at that point.
You can find out more about the Acoin Cryptocurrency at www.acoinproject.org. On the site, you can download the Acoin wallet, find links to exchanges, a Acoin virtual store and the community page at www.acoinproject.org/projects.html where you can support your favorite charity and community projects.