VeriCoin (VRC) Hits Market Cap of $12.54 Million

VeriCoin (CURRENCY:VRC) traded down 2.7% against the US dollar during the 1 day period ending at 17:00 PM Eastern on April 6th. During the last seven days, VeriCoin has traded down 3% against the US dollar. One VeriCoin coin can currently be bought for approximately $0.41 or 0.00006140 BTC on exchanges including Livecoin, CoinEgg, Bleutrade and Poloniex. VeriCoin has a market capitalization of $12.54 million and approximately $44,193.00 worth of VeriCoin was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

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  • SaluS (SLS) traded 3.2% lower against the dollar and now trades at $40.66 or 0.00615218 BTC.
  • ECC (ECC) traded down 9.4% against the dollar and now trades at $0.0007 or 0.00000010 BTC.
  • Linda (LINDA) traded 3.6% lower against the dollar and now trades at $0.0013 or 0.00000020 BTC.
  • PoSW Coin (POSW) traded 13.7% lower against the dollar and now trades at $0.23 or 0.00003554 BTC.
  • LoMoCoin (LMC) traded 3.4% lower against the dollar and now trades at $0.0393 or 0.00000595 BTC.
  • Gambit (GAM) traded down 4.8% against the dollar and now trades at $6.28 or 0.00094984 BTC.
  • OKCash (OK) traded 2.8% lower against the dollar and now trades at $0.0989 or 0.00001496 BTC.
  • ToaCoin (TOA) traded down 10.1% against the dollar and now trades at $0.0029 or 0.00000044 BTC.
  • Sphere (SPHR) traded 2.6% lower against the dollar and now trades at $1.83 or 0.00027744 BTC.
  • Profile Utility Token (PUT) traded down 9.9% against the dollar and now trades at $0.15 or 0.00002299 BTC.

VeriCoin Coin Profile

VeriCoin (VRC) is a PoW/PoS coin that uses the Scrypt hashing algorithm. It launched on June 7th, 2014. VeriCoin’s total supply is 30,902,349 coins. VeriCoin’s official Twitter account is @VeriCoin. The official website for VeriCoin is www.vericoin.info. The Reddit community for VeriCoin is /r/vericoin and the currency’s Github account can be viewed here. VeriCoin’s official message board is www.vericoinforums.com.

According to CryptoCompare, “VRC is designed to reduce the PoW phase and enter PoS phase quickly. With a steady block reward and block time of sixty seconds, the PoW phase is designed to finish after the first few weeks of launch – 10/05/2014. The PoS interest rate is dynamic and depends on how much the coin is held and staked in the PoS. The dynamic interest rate is pegged at a sensible level of between 0-3% roughly. The PoS interest is gained through transaction fees which are also distributed to the Vericoin fund – to aid in development and promotion of the currency. There was no premine. “

Buying and Selling VeriCoin

VeriCoin can be purchased on these cryptocurrency exchanges: Bleutrade, CoinEgg, Cryptopia, Livecoin, Poloniex and Bittrex. It is not presently possible to buy VeriCoin directly using US dollars. Investors seeking to acquire VeriCoin must first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy VeriCoin using one of the exchanges listed above.

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