Happy Monday Coinvestors!
As a start to the new week, we wanted to provide you with an update on several things. To start, we have filled the Coin reserve with the full amount of tokens as noted in our tokenomics and “juicy staking” program blog article. As of today, the Coin staking reserve holds over 20M in $COIN that is used as rewards for our stakers.
We have found that token holders are excited about the program with more than 13M in $COIN staked and more being added daily.
Today, the staking contract released approximately 1,524,950.98 in $COIN as a…
Hello Coinvestors! We’ve been off to a fast start with our staking program. We are proud to report that our community has staked over $500K of $COIN in the first week of our soft launch! While we have had our contracts audited, we wanted to slowly pilot the program to ensure that we work out any issues prior to fully deploying the program. To that end, you’ve all helped us uncover bugs, issues, and feature requests to improve the overall experience. During this time, we’ve also learned that the token locking component of our staking program is creating confusion for…
We are sending out this update to advise you of the current status of the deployment schedule for all remaining core functionality for V1 of the Coin Exchange.
Since our last update, we have implemented several bug fixes, product improvements, and introduced support for sending, receiving, and exchanging across Bitcoin and the Ethereum (ERC20 tokens). Again, all from the same wallet, while remaining decentralized and assets solely under user-custody. (Read the benefits of decentralized and non-custodial solutions here)
Today, we have deployed support for staking $COIN. For security purposes, staking will be limited upon release to mainnet. To lower risk…
We are sending out this update to advise you of the current status of the deployment schedule for all remaining core functionality for V1 of the Coin Exchange.
Since our last update, we have implemented several bug fixes, product improvements, and introduced support for sending and receiving Bitcoin. Today, we have deployed cross-chain exchanging support for BTC, ETH, and COIN using atomic swap technology. Again, all from the same wallet, while remaining decentralized and assets solely under user-custody. ☺️
For safety and security, we will :
We are sending out this update to advise you of the current status of the deployment schedule for all remaining core functionality for V1 of the Coin Exchange.
Since our last update, we have continued to recruit and onboard new members to our team.This includes operational and engineering roles bringing our total headcount to seven. We have implemented a number of bug fixes, product improvements, feature requests, and deployed support for sending and receiving Bitcoin.
A decentralized non-custodial cross-chain wallet is not as simple as it may sound. Unlike centralized or custodial products that are able to control data and/or…
We are sending out this update to advise you of the current status of the deployment schedule for all remaining core functionality for V1 of the Coin Exchange.
We have onboarded a number of our new team members and integrated them into our engineering efforts. They have been working together to continue the deployment of the remaining core functionality of Coin Exchange V1 to MainNet. We have successfully completed testing of the core functions within the Coin Exchange including sending, receiving, and exchanging cross-chain between $BTC, $ETH, and $COIN. …
In a year filled with plague and disruption, 2020 was one that resulted in transition and positive momentum for Coin. We transitioned to a sole focus on decentralized finance (DeFI) and $COIN from a security to a utility token. Additionally, reshifted focus on the following three priorities:
These priorities will continue to ensure that Coin is in complete alignment with our token holders. This has included the Coin network’s revenue model which guarantees that the team will only be rewarded as the network grows and value is created for $COIN. …
Happy holidays to you and all of your loved ones around the world! We wanted to provide an update regarding to token events:
For all previous holders of $COIN, we completed an airdrop of 2% of the total token supply. More specifically, we used 2% (2,142,857) of the total token supply of 107,142,857 and distributed that amongst the old token holders to demonstrate our appreciation for your continued support through the years. The distribution was in accordance with current balance and did not include any corporate addresses. This resulted in…
So let’s first talk history. We started our journey in 2017 and began using the ticker symbol/mark $COIN as our token ticker symbol for the following reasons:
As with other IP, we found value in this asset and wanted to protect the symbol for the best interests of our business and our token holders (which is not an uncommon practice). This process included months of time and resources working alongside the…
We are excited to reveal details of our staking rewards program. This is a program that gives stakers the opportunity to earn rewards as a direct result of revenue from the Coin Exchange platform. As a staker, you earn more $COIN as the Coin ecosystem grows!
By staking your $COIN and participating in the Coin staking program, you accrue rewards immediately. Each month Coin’s staking rewards will be calculated at 7% of the current $COIN in the staking reserve (21,785,714 $COIN). The first month’s rewards are 7%, approximately 1,525,000 $COIN, that will be distributed across all stakers. Each month thereafter…
DeFi made simple.