Checking Out OKCash (OK)
I’ve been hearing chatter about OKCash and SmartCash. They’re similar in some ways but have lots of differences too.
Today I’ll look at OK, tomorrow SMART.
OKCash is a token that exploded this past September, going from less than $0.10 to over $0.70. I missed the move at the time but decided to give this coin an overview. Now it’s back around $0.25. Let’s see what OK Cash is all about.
OkCash has a long history in the crypto world, dating back to November 2014.
It started as a PoW cryptocurrency but later turned into full PoS. You can stake the coin and each stake requires 64 confirmations. It will have 11 halvings which go to 2044, then it will have a fixed rate of inflation until 2148.
OKCash calls this LTSS, or long-term sustainable staking. And that means OK will be a secure, stable, energy friendly and mathematically predictable PoS coin. From what I read you can make 10% staking.
Right now there are about 73 million OK in circulation with an ultimate supply of 105 million.
It’s a purely community driven coin. You can find the OKCash forums here and OKCash Discord.
And it’s also a socially responsible coin. It has a number of OKCash Causes and you can use OK to donate to projects that you like. Check out OKCash for Cause.
So the reason OK went up so much in September is that it did a rebrand. You can see how the price moved below.
Along with the rebrand OKCash plans to release a gamers website called OKCash Games and update the wallet.
The gaming is really interesting as OKCash wants to host games and tournaments. If successful, that would of course boost the demand for OK. Read more about it here.
OKCash is also talking about getting listed on Poloniex.
This certainly looks interesting. We’ll see if its global team of collaborators can deliver.
I think I’m going to give OK staking a try. Anyone out there staking OK?
if that gaming platform succeeds it will make a big move
Agreed, we'd see a lot more demand.
I really like the gaming aspect and especially the http://www.okcashforcause.org/
I don't think it'll be a big player. But OKcash will certainly be a valuable project. I see lots of positive stuff. But larger currencies like NEM which support smart contracts and gamecredits (to a some extent) can diminish the value that come from gaming.
Currently I think OK will be a survivor of the cypto bubble but won't be a big player. I think of it like the Opera web browser.
Interesting, thanks for your input.
I’m $SMART person. Never really looked at $OK though. Might give it a look at.
coin has a future
Thanks!
Thanks for sharing @g-dubs
Cheers!
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