The Amazing 808, a Proof Of Stake Coin
What Is 808?
808 is a proof of stake coin. That means that you earn additional coins every few days just for having some coins in your wallet (and keeping the wallet in unlocked mode once the coins reach maturity).
Why The Name?
It is inspired by The Roland TR-808, a rhythm composer device released in the early 80s. It was one of the first of its kind to be accessible to people in general, and many musicians today still consider that it had something special, even when compared to newer technologies. A new crypto-coin needed a name, so, might as well call it 808, right?
Coin Specifications
- 808% APR (yes, gives 808% interest profits per year)
- Eligible for 17%+ stake after 8.08+ days (yes, coins mature after 8 days and a couple hours) Thats 17% interest profits after a little more than a week
- Holders keep earning an additional 2%+ for every day over 8.08+ days
- PoW rewards vary with difficulty
- Larger PoS blocks stake quicker, take advantage of compounding
It trades on several exchanges including Cryptopia, NovaExchange, and TradeSatoshi.
They in bitcointalk some of them still hold hopes the coin will magically go up
It is hard for a proof of stake coin to hold value, though. The very nature of proof of stake easily opens the way for inflation. Bit for bit very cheap proof of stake coins still probably outperform expensive ones
I think this is pretty much it for the 808
The devs of said coin cant be bothered
Right now the 808 coin wallet in Cryptopia is not functional cant make deposits or withdrawals
:) Thanks, good post :)
Any pump expected?
Within two months the 808 coin went from 2 satoshis to about 4 litoshis... In Cryptopia it is only in LTC and DOGE market as a result
Yo bro. 808 value went wayyyy down. Any tips?
yo prize gone down.. dat sucks