PIRATECASHV1
PirateCash v1 (PirateCash Telegram bot)
$0.0₅2052
3.15%
PirateCash v1 (PirateCash Telegram bot)
PIRATECASHV1
$0.0₅2052
3.15%
PirateCash v1 (PirateCash Telegram bot) Price Converter
PirateCash v1 (PirateCash Telegram bot) Information
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About PirateCash v1 (PirateCash Telegram bot)
PirateCash v1 (PirateCash Telegram bot) (PIRATECASHV1) is an experimental digital ecosystem created for B2B services and private global payments, operating on a peer-to-peer model without a central authority. It uses the PirateCash Core open-source software and is built on a Proof of Stake (PoS) system, prioritizing user anonymity and privacy with untraceable transactions. The $PIRATECASHV1 currency is integral to this ecosystem, offering efficient network security without massive computing power. The supply of $PIRATECASHV1 is limited to 105 million coins, ensuring its value against debasement. Users can earn rewards through coin staking, with an eligibility criterion of holding $PIRATECASHV1 for at least 8 hours and a halving reward system every four years. $PIRATECASHV1 can be obtained from various exchanges, facilitating user participation in the PirateCash ecosystem.
PirateCash v1 (PIRATECASHV1) is an experimental digital ecosystem designed to facilitate private B2B services and personal payments globally. Utilizing peer-to-peer technology, PirateCash operates without a central authority, with transaction management and money issuance being collectively handled by the network. PirateCash Core refers to the open-source software that enables the use of this currency. Emphasizing anonymity and privacy, PirateCash is a fully Proof of Stake (PoS) Cyber Decentralized Ecosystem, offering untraceable transactions to protect user privacy.
$PIRATECASHV1, the native currency of PirateCash, is used for several key functions within its ecosystem:
- Efficient Security: Being a PoS coin, $PIRATECASHV1 secures its network without the need for extensive computing power. This approach is detailed in the PirateCash whitepaper.
- Limited Supply: There is a cap on the total supply of PIRATEs, with only 105 million coins ever to be created. This limited supply ensures that $PIRATECASHV1 cannot be printed or debased, maintaining its value.
- Coin Staking: Users can earn rewards by holding onto their PirateCash. After holding $PIRATECASHV1 for 8 hours, they become eligible to earn a reward of 50 PIRATEs. This reward is subject to halving every four years. This staking process is an integral part of the coin's minting mechanism, encouraging users to invest and participate in the network's growth. Additionally, $PIRATE can be acquired through various PirateCash exchanges, allowing users to start participating in the ecosystem easily.
For clear data distinction, this token initially issued as PIRATE, bridged onto the Binance Smart Chain by PirateCash Telegram bot @piratecash_bot, is listed under the alternative ticker PIRATECASHV1. This helps accurately identify and differentiate it from the original assets. PIRATECASHV1 operates independently with its own governance and unique features, as managed by PirateCash Project.
