NeuCoin, known as the “2nd Generation Peercoin Fork,” says it has reached over 275,000 users three months after launching its consumer apps and is acquiring more than 8,000 users a day, on track to acquire 2 million users by year-end 2016.
The company also announced it will eliminate half of its coin supply and complete consumer distribution in three years. Fewer Tokens To Boost Adoption
NeuCoin believes mass user adoption can be achieved faster and with fewer tokens distributed than expected. In order to maximize its value, the NeuCoin foundations will trim their holdings from 3.2 billion to 1 billion in the next several weeks by destroying 2.2 billion coins. This will cut the entire coin supply in half.
A new mining participation forecast pegs the total supply in 10 years at 10 billion rather than 100 billion as previously projected. Several Distribution Paths
NeuCoin’s founding principle was to distribute the cryptocurrency to all participants in proportion to the utility and value they add. In the past year, the foundations have distributed tokens in the following ways:
• Through referral bonuses, surveys, feedback programs and questionnaires
• From sale-restricted NeuCoins to the founding team, strategic partners, service providers and angel investors
• From a presale to the crypto community in exchange for bitcoin
• From proof-of-stake and proof-of-work mining rewards
• Through the Growth Accounts at MyNeuCoin and the GetNeuCoin tutorial-game • Through Solitaire Racer, the NeuCoin-integrated Facebook game • From a tipping and user reward program in conjunction with Jango, a free music site with 7 million users monthly Lessons Learned NeuCoin notes it has learned the following lessons from this experience in distributing cryptocurrency.1. Consumer fraud is a big challenge. To prevent fraud, user rewards have to be small. Even then, the rewards should require a significant amount of […]
