The return of ChainCoin, a Proof of Stake cryptocurrency, has been absolutely epic, and is one that has been taking off, just as the major drop in the Bitcoin began. Bitcoin and most other cryptocurrencies have been on a steady decline, heading into what some say appears to be a bear market. During this time ChainCoin, a reinvigorated, crypto coin has been steadily moving upwards, making gains in a steady pattern from .00000085BTC in April, to .00002220BTC in June spiking to a high of .0025BTC but has now settled to around .001BTC.
ChainCoin seems to be returning in a big way, and is developing a healthy market ever since this recent price movement began. The ChainCoin market is steadily gaining more volume and becoming more healthy after some minor corrections the past few days. Now the price has settled back to the .00105BTC support range.
The value of this coin not only lies within its features, but also within the timing of its return. ChainCoin offers every level of user and consumer, individual incentives for ways to use and provide blockchain goods and services.
The ChainCoin network runs on its own network of individual, user run Master Nodes. Each one of the Master Nodes verify transactions, promote privacy, and provide instant transactions for the ChainCoin blockchain. As an incentive to run a Master Node, a reward is given. Because Master Nodes provide services and are the backbone of the network, they are awarded 25%, of the reward, given for each block of transactions that was found and processed by the ChainCoin network. The Master Node model works very well in providing the appropriate incentives to its users, allowing more than one way to benefit.
While there are a few other Proof of Stake cryptocurrencies, many of them where pre-mined, meaning the supply of coins was distributed unfairly, by the developing the tokens and soon after launching the coin distributing them among certain groups, and not allocated appropriately. Some say that when an coin does premine, they will wait for the price to spike, before dumping a large portion of coins onto the market over and over again. This system works against the Master Node model and would keep the price per coin artificially low.
The timing of this return is what makes the coin so attractive. Timing combined with features like instant payments, and anonymous sending, make it very attractive.
Its return comes at a crucial point in the crypto world, a time when communities are divided, and emotions run high. ChainCoin appears to be grossly undervalued, and has a great deal of potential, similar to that of DASH or PIVX. It appears ChainCoin is offered on a few exchanges including the New Zealand Exchange, Cryptopia. ChainCoin is now trading in pair with USDT, or the U.S. dollar equivalent making them more accessible.
(Sources)
https://themerkle.com/instamine-vs-premine/
http://www.chaincoin.org/why-chaincoin/
https://dashdot.io/alpha/?page_id=118