MintCoin has become the latest addition to our accepted payment methods. We think this cooperation will grow in time, bring depth to markets, help traders with their investments, unveil unique projects and create more opportunities for everyone. As Coaex, we have always been supporting the development of altcoins, not just as an online store selling precious metals but as a part of their team.
MintCoin is an innovative, secure and energy efficient pure PoS coin. After an initial phase of 5 weeks as a PoW/PoS hybrid, the coin has been transfered to a pure PoS coin, where the generation of new coins and the maintenance of the network are done through minting instead of mining. MintCoin also adopt a variable PoS rate, which gives the highest payout at 20% the first year, then decrease 5% per year until the 4th year it reaches annual interest rate of 5%, then it will remain at this rate.
MintCoin will have a total of 70 billion coins.
PoS will start after at least 20 days of holding of the coins in the wallet. With PoS, the coin is more resilient to 51% attack. Most coins will be generated through PoS, thus it is a coin that will save a lot of energy compared to other coins.