About a month ago I did a pool meeting about Zcoin and Aeon. Mainly just that they were on my radar and that I was looking into them more. Well I have been buying some Zcoins and it has been really volatile. In a way it has sort of hit a triple bottom around $6.
One thing I like to do is check on CoinMarketCap to see where a coin is when I take all these premined and ICO coins out of the equation.
Keep in mind that Zcoin is on the second page at 126 when looking at everything but it is 34 when taking away all that stuff.
It is really crazy there are that many premined and ICO coins. A couple things to note is that there will be 21 Million coins just like Bitcoin and it will have the same halving structure as Bitcoin. One caveat to the situation is that 10% of the total Zcoin supply will be distributed to the Founders Reward as time passes. Here is what they say about the Founders Reward. "The Founders Reward will be given to early investors, developers, and Zcoin community members." I'm personally not opposed to this because some of the coins that didn't have the funding start to stall or the development moves super slow.
Also it seems like they are taking one out of the DASH playbook by having the money to promote the coin and also setting up something they are calling Znodes. They haven't determined how many coins you have to have to operate a Znode yet. Essentially it is going to operate kind of like a DASH master node. This will lock a lot of coins up which will ultimately restrict the supply. I feel that is one of the reasons DASH has gotten as high as it has.
My Plan
Right now I downloaded and I'm syncing the new wallet to try it out.
I'm going to move some of my coins over to it and test it out to make sure everything is working right. After that I'm going to keep buying coins at these levels and building a bigger and bigger position. It will be interesting to see how many coins you have to have to run a Znode once they complete that. I will be interested in running one of those once that is disclosed. First I need to build a bigger position though why it is at these price levels. I feel like there will be increasing interest out there about this coin overtime.
Once again this isn't investment advice. Ask your grandma or someone in a suit for advice. I'm just a guy who swims around in the pool and talks to himself.
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