What is StartCOIN (START)?
Future of START Cryptocurrency and know how to buy START

#1 - What is StartCOIN?

StartCOIN: The Basics

  1. StartCOIN is a cryptocurrency created to support and promote crowdfunding (typically charitables) initiatives. The coin acts as a reward token for users when they share and support such projects.
  2. It was launched in July 2014 and was forked from Litecoin. However, it does not use Litecoin’s Scrypt algorithm.
  3. The total coin supply is capped at USD 84 million and the block reward gets halved each year.

 

#2 - What are the Benefits of StartCoin?

StartCoin Technology

  1. Not much is known about how StartCoin works, given that it lacks a whitepaper and even a working platform where it aims to fund and support the projects it talks about.
  2. Every week, the projects which draw the most interest from the community are to be displayed on a leaderboard and the top project will receive a StartCOIN topup.
  3. The users get rewarded for supporting community project based ideas with respect to crowdfunding.

StartCOIN Transactional Processes

  1. To use StartCOIN, you have to register on StartJOIN (which seems to be offline according to its official twitter account, as of June 2018) to be a part of its crowdfunding community.

  2. Transactions take around 60 seconds of block time and the same amount of confirmation time. This makes the StartCoin blockchain much faster than Bitcoin and other major cryptocurrencies.

  3. It makes use of the X11 Proof-of-Work algorithm and DigiShield as a retargeting algorithm.

  4. Another feature that has been integrated in order to improve network security is automatic checkpointing.

 

#3 - How to Buy and Store StartCOIN?

How to buy StartCoin

  1. Create an account with a crypto exchange where the coin is listed and which allows you to trade your chosen currency for StartCOIN. Sign up for an account and comply with KYC requirements if need be. Ideally, enable two-factor authentication to ensure the security of funds.

  2. Search for the coin pair you want to trade and initiate the transaction after studying the market price. You can choose a limit or market order, specify the amount and proceed with the order once satisfied.
  3. It is not directly possible to purchase most cryptocurrencies directly with currency. One has to purchase a popular currency type such as BTC, LTC, ETH, RUB, DOGE first in order to exchange them for StartCOIN tokens.

Exchanges StartCOIN is listed on:

Coins can be traded on the following exchanges Bittrex, Cryptsy, Justcoin, Bluetrade, CCNEX, Comkort, EmpoEX.

  1. The exchanges mentioned above are only platforms on which you can trade StartCoin, prices of the tokens differ slightly on each of them. CoinSwitch, the best cryptocurrency exchange out there, helps you choose which platform to buy from. Supporting more than 140 coins and 45,000 pairs of cryptocurrencies, it displays the prices of WeTrust tokens on the exchanges it’s sold in, all at one place, helping you compare the exchanges. You can choose any pair you want with your token, and choose the best deal with the help of CoinSwitch!

  2. What’s more - with CoinSwitch, you do not need to create wallets on the exchange you’re buying from. Instead, all transactions can happen to and from your very own private wallets.

Storing StartCoin

  1. StartCoin is a PoW-based cryptocurrency running on the X11 algorithm. It requires a separate wallet to store its units.
  2. Wallets can be downloaded from its official websites - they are available for Windows, Mac OS, and Linux.

 

#4 - What is the future of Status?

Current Status

Also Read: Complete Analysis of START | Live START (START) Price Charts And Predictions

Price History

Date Open High Low Close Volume Market Cap

Jul 10, 2018

0.009594

0.009613

0.006959

0.008215

1,858

432,490

Jul 01, 2018

0.008883

0.009136

0.008751

0.008927

57

400,422

Jun 01, 2018

0.016112

0.016748

0.014370

0.015000

1,259

726,346

May 01, 2018

0.019254

0.019254

0.017093

0.018114

1,989

867,956

Apr 01, 2018

0.015446

0.015733

0.013003

0.013954

12,753

696,311

Mar 01, 2018

0.082227

0.096111

0.078938

0.091531

67,757

3,706,760

Feb 01, 2018

0.142297

0.144570

0.105020

0.115191

84,289

6,414,720

Jan 01, 2018

0.204317

0.225725

0.183931

0.204776

671,654

9,210,550

 

#5 - How is Status different from other cryptocurrencies?

  1. StartCOIN, as a digital currency, rewards you for supporting change unlike other purely commercial cryptocurrencies.
  2. The more you support projects by sharing and the more StartCOIN you hold, the more StartCOIN you receive. In its own words, it aims to encourage change for good.
  3. While monetary exchange is what the coin is achieving, it isn’t trying to replace the current financial system, unlike Bitconi or other major cryptocurrencies.

 

#6 - Should you Invest in StartCoin?

  1. The more you share and support projects, the more StartCOINs you will receive. So you essentially get paid to share by harnessing the power of social media to create change.
  2. Users that hold more than a hundred StartCOINs receive a free StartCOIN every week.
  3. About 50% of the coin has been pre-mined, of which about 90% is donated to projects and active users at StartJOIN along with additional benefits for porting existing technologies to StartCOIN.

  4. Having said that, the StartCoin cryptocurrency still lacks a Facebook page, any identification of the team behind it, and most importantly - a whitepaper. All of which may be red flags for investors.
Related Searches