$COIN™ Token and Ecosystem

$COIN™ Protocol and Token

Sending money or transferring value across the globe, in today’s world, should be simple in theory. With today’s technology, we expect transactions to be quick, secure, and mimic handing funds directly in-person. Unfortunately, this process is variably different when sending funds across the world using fiat currencies due to security validations, exchange rates, and third-party involvement from financial institutions. Take the example of an international bank wire or check deposit which can require several days before you have access to received funds and is inclusive of fees.

  • Develop new products and services that utilize the $COIN™ token in accordance with Coin’s overall mission
  • Strictly manage the creation and distribution of all $COIN™ token assets available in the market
  • Drive the creation of new programs, partners, merchants, and businesses that accept $COIN™ token assets as a general payment or method of transferring value
  • Evangelize and drive the adoption of the $COIN™ token
  • Certify accredited companies that accept $COIN™ token assets

$COIN™ Token Standard

Performance, scalability, and supportability are necessary for all applications and blockchain-related use-cases. Coin has taken these factors into consideration upon developing its platform, token, and overall product roadmap. Ultimately, solidifying Ethereum as the platform of choice for its token issuance strategy. With its community’s large and extensive support, Coin and the $COIN™ protocol can ensure alignment with the latest developments and future roadmap on the Ethereum blockchain.

Coin Staking Reserve

The $COIN™ staking reserve is a pool that is used as a means to supply funds to compensate long-term stakers of $COIN™ as described in the preceding $COIN™ staking smart contract section. The Coin staking reserve is populated with 25% of the total circulating supply of $COIN™. Platform revenue will be used for $COIN buybacks and then deposited into the Coin staking reserve to continually fund the reserve. As funds are used to compensate stakers, buybacks will refill the reserve, creating a continuous cycle and balanced flow of funds.

$COIN™ Staking Smart Contract

The $COIN™ staking smart contract enables users to deposit and earn additional $COIN™ by locking and lending their existing holdings. Locked holdings earn interest and are returned in $COIN™ from the Coin staking reserve. The amount farmed is determined by the amount, rate of interest, and duration of the stake itself. Please note, while not planned for use at this time, this smart contract enables Coin to leverage and use these tokens for any purpose as needed. In turn, users are rewarded based upon the quantity, rate of interest, and amount of the token deposit.

$COIN™ Governance Smart Contract

Governance rights are a basic feature of Distributed Autonomous Organizations that entitle holders to influence the direction of the related products and services or basic protocol decisions. Governance rights help build community as token holders can be participants in the governance process and ensure decisions are not made solely by centralized parties or individuals.

Coin Exchange

Coin Exchange is an all-in-one cross-chain P2P decentralized cryptocurrency wallet, exchange, and assistant powered by atomic swaps and artificial intelligence (AI) technology. Coin Exchange includes an integrated cryptocurrency wallet for users to store popular digital assets such as Bitcoin, Ethereum, ERC20 supported tokens, and more. For exchanging assets, Coin Exchange leverages atomic swap technology using Hash Time Lock contracts to handle direct peer-to-peer trustless transactions. By using emerging technology, these timed contracts mimic and replace the need for custodians, middlemen, and escrow agents. Thus, ensuring the most secure method of transferring value, as transactions are direct between users. This makes Coin Exchange non-susceptible to hacks as users are the only custodians that have, and can access their funds.

  • The adoption and use of the Coin protocol
  • Further the development of the $COIN™ protocol, token, and associated products and services

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