Paycoin, the latest coin to be introduced into the cryto currency market, is creating much excitement for investors. Most importantly, it is significant to note that Paycoin is unlike any other coin created before it. I will explain for the average person exactly what Paycoins are, how they came to be, and what they are to be in the very near future.
A Brief Overview of Paycoin
What are Paycoins?
Paycoins are an SHA-mined cryptocurrency that are built upon both a Proof of Work (POW) and Proof of Stake (POS) holding system.
How are Paycoins Created?
Paycoins, like other forms of cryptocurrencies (i.e. Bitcoin, Altcoin, Dogecoin, Litecoin, etc) are created thru the use of a computer server that solves algorithms. Specifically, Paycoin will be mined using SHA algorithms.
The POW/POS Holding System
When Paycoin is first launched, by the end of December 2014, the Proof of Work (POW) period will begin. During this POW, the coins will be mined. This could possibly only last for a few days.
Once the POW stage ends, the Proof of Stake (POS) stage begins. At this point, Paycoin will be 100% POS.
Where did Paycoin Begin?
GAW Miners first launched February 2014 and has grown tremendously fast and continues to grow exponentially by the day. With the launch of Paycoin this month, December 2014, much of the fruits of the company will be on the horizon. In other words, the seeds are still being sown. CEO of GAW Miners, Josh Garza, has successfully led the company to be the largest CLOUD mining company in the world. Investors have been following the company since day one but as more people become aware of the massive potential of this company, the number of investors grows as well.
How will Paycoin Grow?
As an investor, we definitely want Paycoin to be adopted by everyone and its value to grow!
Part of the answer in “How will Paycoin grow?” is Paybase.
Recently, GAW announced to the public they are also launching Paybase. Paybase will be a platform similar to other payment processors such as Visa, MasterCard, and Paypal. It is scheduled to open up to the public at the end of 2014 as well. Simply put, the adoption of Paycoin requires a hefty load…being able to handle everything that merchants and consumers need to make transactions. This is what Paybase will do. (This article gives you a good idea of all the features you can expect from Paybase and the extras that come along with it.)
The other key to growing Paycoin is the Coin Adoption Fund.
Part of GAWs ingenious strategy to take Paycoin global is the Coin Adoptoin Fund. This fund will be used as a major resource to market and create public awareness of Paycoin. 100% of the ICO (Initial Coin Offering) funding is used to grow the crypto currency. As you can see below, 1/3 of the budget goes to coin adoption.
How to Invest in Paycoin
They are many ways to make money from the growth of Paycoin and GAW Miners.
One investment strategy is for you to buy Paycoin once it launches (sometime in December 2014) and hold them in a free online wallet. Not only will you make money over time as their value rises, but a free online wallet will give you an annual ROI of about 5%.
Another way people can invest in Paycoin is with what’s known as HashStakers. They essentially are online wallets to put your Paycoin(s) in. HashStakers give owners a big boost on their ROIs. Therefore the reason for purchasing these HashStakers is essentially that - the much larger ROIs. For instance a standard free online wallet could give you a return of 5% annually, while these HashStakers will give you closer to about 300-400% guaranteed ROI. The tradeoff here for these boosts in ROIs is that your out of pocket investment is going to be larger since you must purchase them. You must purchase X- Number of HashStaker wallets for however many Paycoins you have and want to earn “HashStaker” dividends on. The best part about HashStakers is definitely how they can massively grow your Paycoin investment. That’s great news for investors!
Here is where you can buy Paycoin
Other helpful links:
HashTalk - The Official GAW Miners News and Announcements