B3COIN: THE END OR THE BEGINNING??

in #altcoin7 years ago (edited)

The story of B3coin is very similar to a roller coaster. Before entering into the heart of the matter, what is B3coin? B3coin is a POS / POW (proof of stake / proof of work) hybrid cryptocurrency. The novelty introduced by this currency is its "Fast Script Algorithm PoS coin which is 12 times faster and 12 times more than 256 algorithm used by bitcoin's blockchain".
B3 has also introduced a staking reward split into different levels based on the number of mined blocks: this will be the "ruin" of this coin, but let's go step by step.
The reward staking has been divided as follows:
0 - 10K (blocks) - 8%
10K - 20K - 15%
20K - 30K - 25%
30K - 40K - 50%
40K - 50K - 100%
50K - 60K - 1000%
60K - 80K - 10000%
80K - 100K - 100%
100K - 1000K - 20%
1000K - END - 5%

From the launch (august/september 2016) until June 2017 the price has rebounded between 2 and 6 USD cents.
Then there was a gradual growth, but the boom of B3 was reached on 2017/09/16 when the price rose to 2.17 dollars (yes ... you got it right). WHY?? The answer is simple, the 60000th block was mined on 2017/09/07 and from this block the reward staking went to 10,000%.
This has led to an uncontrolled increase in total supply (over 600,000,000,000), causing a deflation of the B3 price up to 0.0083 dollar cents.
Once the 80,000 block was mined (2017/12/03), many investors have left the ship.
Cryptopia has delisted B3 and today (2017/12/07) also Novaxchange: this has led the B3 community to scream "scam". But is it really over here ?? Probably not.
Now that rotten apples are falling from the tree, there is the willingness to rebuild B3, first of all by decreasing the total supply with the coins burning and trying to give a new image even with the logo changing.
The community is regaining confidence in the project that is going ahead according to the roadmap.
Will b3 coin be able to return and make investors happy?

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Benvenuto su Steemit!
Potresti farlo anche in doppia lingua ci sono tanti italiani che leggono qui.

Grazie per il consiglio: ho provveduto subito!!

Interessante!

Grazie mille!!

Bravo, benvenuto!

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