VeriCoin (CURRENCY:VRC) traded 19.8% higher against the US dollar during the 1 day period ending at 17:00 PM Eastern on January 19th. VeriCoin has a total market cap of $53.40 million and $28.77 million worth of VeriCoin was traded on exchanges in the last day. One VeriCoin coin can now be purchased for $1.74 or 0.00015190 BTC on major exchanges including Livecoin, CoinEgg, Bleutrade and Cryptopia. During the last seven days, VeriCoin has traded 26.4% lower against the US dollar.
Here is how other cryptocurrencies have performed during the last day:
- HempCoin (THC) traded 0.3% higher against the dollar and now trades at $0.40 or 0.00003541 BTC.
- SaluS (SLS) traded down 2.8% against the dollar and now trades at $64.21 or 0.00561611 BTC.
- ECC (ECC) traded up 6.9% against the dollar and now trades at $0.0025 or 0.00000022 BTC.
- OKCash (OK) traded down 3.8% against the dollar and now trades at $0.45 or 0.00003967 BTC.
- Linda (LINDA) traded down 10.9% against the dollar and now trades at $0.0051 or 0.00000044 BTC.
- PoSW Coin (POSW) traded down 4.7% against the dollar and now trades at $0.63 or 0.00005523 BTC.
- LoMoCoin (LMC) traded down 7.3% against the dollar and now trades at $0.11 or 0.00000983 BTC.
- Gambit (GAM) traded 5.8% lower against the dollar and now trades at $18.82 or 0.00164645 BTC.
- RussiaCoin (RC) traded 10.3% lower against the dollar and now trades at $2.66 or 0.00023255 BTC.
- FirstCoin (FRST) traded 12.3% lower against the dollar and now trades at $10.51 or 0.00091934 BTC.
VeriCoin is a PoW/PoS coin that uses the Scrypt hashing algorithm. It was first traded on June 7th, 2014. VeriCoin’s total supply is 30,746,480 coins. The Reddit community for VeriCoin is /r/vericoin and the currency’s Github account can be viewed here. The official website for VeriCoin is www.vericoin.info. VeriCoin’s official Twitter account is @VeriCoin. The official message board for VeriCoin is www.vericoinforums.com.
According to CryptoCompare, “VRC is designed to reduce the PoW phase and enter PoS phase quickly. With a steady block reward and block time of sixty seconds, the PoW phase is designed to finish after the first few weeks of launch – 10/05/2014. The PoS interest rate is dynamic and depends on how much the coin is held and staked in the PoS. The dynamic interest rate is pegged at a sensible level of between 0-3% roughly. The PoS interest is gained through transaction fees which are also distributed to the Vericoin fund – to aid in development and promotion of the currency. There was no premine. “
Buying and Selling VeriCoin
VeriCoin can be bought or sold on the following cryptocurrency exchanges: CoinEgg, Poloniex, Bleutrade, Bittrex, Livecoin and Cryptopia. It is not possible to buy VeriCoin directly using U.S. dollars. Investors seeking to trade VeriCoin must first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy VeriCoin using one of the aforementioned exchanges.
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