Hcash Launches New Standard Of Value - Rises To #12 Market Cap Position Out Of Nowhere
As you know, I like to introduce my readers to interesting new cryptocurrencies.
So yesterday when I was checking coinmarketcap like I always do, I noticed a new name on the 12th spot of the market cap ranking - Hshare (HSR).
I had never heard of Hshare/Hcash before so I was quite surprised to see such a new coin already at such a high spot of the ranking.
So of course, I had to find out more about Hcash and share it with you!
Overview
Name: Hshare & Hcash
Token: HSR
Market cap: $956,004,000 (Top 12)
Current price: around $29
Launched: 2017
Mission Statement: "The new standard of value"
Whitepaper
- Website -
What is Hcash ?
Hcash is part of a new technology that's a distributed ledger cryptocurrency in both blockchain- and blockless Directed Acyclic Graph (DAG) systems.
Hcash, short for Hyper Cash, is a platform that enables the cross exchange of value and data, as well as a cryptocurrency.
Hcash platform is designed to be the side chain for both block-based and blockless-based blockchains.
Hcash will be the value and information carrier for major blockchains to enable the exchange of value and information possible between these systems.
7 revolutionary features of HCash:
- Hcash is Hive
Hcash works like a bee hive. It's designed to enable an effortless exchange of value and data between block-based and blockless-based systems with its dual side chain.
- Hcash is Hidden
Hcash offers state-of-the-art security through Zero Knowledge Proof technology to achieve bi-directional encryption and more.
- Hcash is Hybrid
Hcash offers a POW+POS Open-Governance Model. Token holders are enabled to take part in community-wide decision making.
- Hcash is Hierarchy.
Hcash provides a DAO (Decentralized Autonomous Organization) governance, enabling all token holders to determine the use of funds in a real-time dynamic voting system.
- Hcash is Hard
Hcash has incorporated quantum resistance right from the beginning, so even after the rise of practical quantum computers, it will still remain superior over other systems.
- Hcash is Haven
Token holders of Hcash are able to execute transfers between different systems of public and private addresses.
- Hcash is Handy
Hcash sets no limitations - the amount of transfers, speed of transfers, and times of transfers are unlimited.
Hcash ICO
The ICO for HCash started on June 28th and ended on July 15th, raising 21,000 BTC (just under $1 Million).
The tokens were released to exchange platforms on August 20.
There is a total supply of 84 million tokens, which is separated in 6 different channels.
Three quarters of the supply are equally split in ICO/free distribution, PoW creation and PoS creation.
The last quarter is divided in funds for Pre-ICO Investors (15%), rewards for the development team and HCash foundation (5%) and Hcash-DAO (5%).
Hcash price development
As I explained in the beginning, I only found out about Hcash through coinmarketcap. It almost seems like the HSR token appeared out of nowhere and rose to the 12th position of the market cap ranking!
Since the token release on August 20, its market cap has risen to over 1 billion (it just fell under that mark again) and prices went from an all-time high of $42 back down to about $28.
I was surprised to see a totally new cryptocurrency rise to 1 billion market cap, but we'll see how Hcash develops in the future!
© Sirwinchester
Really it is at number 12. I love dabbling into the crypto markets purchasing different coins but I am limited in my country to which ones I can buy based on my trading to fiat platform. Thanks for posting this education to me. Upped. And now following waiting for some more good advice.
Ah I see. thank you, glad you enjoyed my post!
All of the new cryptocurrencies are interesting, but man, it's getting difficult to keep track of them all! Thanks for the info!
The experts always talk about diversification but in the crypto world there is almost too much diversity. Over diversification can hurt ones returns but they all look so damn cool. It seems like everyday a newer one with great new features comes out. I like to gable a bit on them it's part of the fun. Thanks sirwinchester for the post I will be following you.
Very true! I feel like I am learning of new ones every day lol. I just shared my introduction post and would appreciate it if you could check it out and let me know what you think! Just followed and I am looking forward to reading your content.
Definitely!
And thank you, glad you enjoyed it!
So many so fast!
It's like the dotcom years... everything with a domain and a website (white paper) can raise millions :( lol
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zCash, bCash, hCash---the rest of the alphabet will fall before the might of cryptocurrency.
LOL ..Made my day!
hahaha, true!
Lets make zzzzzzkash lol
It seems interesting but I still don't totally understand it. What is the main value proposition of Hcash? What are some real world examples for its use? Is it similar to ARK at all?
awesome am dumbfunded, i also salute you guys for top notch quality post, am happy
Interested in reading more about Hcash..I am new to steemit and just shared an introduction post. Please give it a view when you get a chance!
Thank you,
upvoted your introduction post, welcome to steemit!
Crazy it hit 1 Billion... just all of a sudden, looks like all the smart money will be selling but what do i know lol
Nice post and i like post you @sirwinchester
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