Have you heard from the word cryptocurrency or virtual currency and ways in which it has been lately? Atencoin can be a form of virtual currency that was developed by National Atencoin (NAC) Foundation. The coin is not introduced on the market this 2014 and Atencoin is on its final stage of development although exact date of launching will not be yet revealed. Atencoin is additionally known because the “Black Gold Coin” hence referred to as Atencoin BGC by its developers, members and stakeholders.
Atencoin derive its name from your precious metal called Aten. This metal is incredibly rare as well as its price is 1000 times higher when compared with Gold. It is therefore also referred to as black gold. With NAC Foundation, Atencoin will certainly become most accessible medium of exchange in coal and oil industries. Unlike traditional virtual currencies, the Atencoin is supported by the power of gas and oil prices. The NAC also targets maintaining a stream of suppliers who’ll accept Atencoin for that exchange of things which are used in person like meat, butter, clothing and internet-based games.
NAC Foundation aims to deliver broader options to companies or people that wish to use virtual currencies of their transactions with oil, gas and power sectors all across the globe. BGC or perhaps the Atencoin is really a form of virtual currency that is certainly easily stored using online wallets. One with the most fascinating reasons for having Atencoin along with other crypto currencies is because all are not linked to any central authority. The decentralization can also help these currencies to keep a self-governed economy to ensure that users can exercise their full freedom to make a decision what to do with their virtual currencies available.
It is usually a known undeniable fact that crude oil as well as any other kind of gas and oil are essential in our economy. Businesses as well as households depend on oil and coal to be able to run it efficiently. The price in the basic commodities is even reliant on the price of gas and oils hence its importance and contribution to the world is incredibly essential. NAC Foundation have recognize this need this is why Atencoin was created to give better and much easier options for buyers and suppliers to trade coal and oil and in other relevant industries.
Other features in the currency include the minting reward because the nonstop minting is really a key to success. If the reward for minting the currency decreases then your minting is reduced automatically. It will not be the case with regards to Atencoin because the minting rate will likely be increased by 5% annually to keep up the pace. To overcome inflation employing this currency is usually an goal of NAC. Like Bitcoin, Atencoin will transform the way of cash handling online by deploying state in the art system of peer to look transaction network. Open minting and promotion of Atencoin will also bring a revolution on this planet of online currencies.