So I was recently presented the chance to buy a new crypto currency called Yocoin. It was presented as being a pre-mined coin, mined by a scrypt algorithms, and had a direct sales force behind it that will promote it and grow it as a business of their own. There is also a lot of talk on it that the Millennials will be backing this. They refer to it as being like the Bitcoin for the people.
Well something is changing to make it even better!
They will be changing the coin to be based on the Ethereum block chain. This is what Yocoin put on their most recent blog post about it ...
The new Yocoin will be based on the Etherium network.
ETH said the following:
“Create a tradeable digital token that can be used as a currency, a representation of an asset, a virtual share, a proof of membership or anything at all. These tokens use a standard coin API, so your contract will be automatically compatible with any wallet, other contract or exchange also using this standard.”https://www.ethereum.org/token#the-coin
So this is very exciting news, and this is where it gets great!
Coinbase recently presented the industry with a way for people to buy Ethereum through their site, which has not been very possible yet. You can buy with a bank account or credit card. So this has made the value of Ehter increase in the last few days. This will give Ethereum a great chance to blow past their recent hard fork and continue to grow value as demand increases.
So, I am going to buy Yocoin?... Yes!
It is so cheap right now because they are transitioning over to the Ethereum setup, and miners cannot mine right now. So the volume is not increasing and it's brought the price down and out of the top 25 on Coin Market Cap.
So I hope you found this article helpful. I can't leave with out a special message...
I invite you to come participate in the value of building a main stream crypto currency. Look at the amazing things Steemit.com has done to make things easier to use for the average everyday person to get involved in the crypto currency world.
If you would like to create a free account and buy Yocoin. Click here to create your free account, and I will send you the next steps on the fastest and easiest ways to buy the Yocoin.
Thanks Steemers!
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