SHOP COIN was created with the idea of using digital currency more for our purchases.
We had waves of coins this week and here is another hardworking coin because they are fighting for what all coins should have done : Real Items Purchases and Services ! Noticing that nobody is moving they jumped on work and made SHOP COIN and launched on 21th May and that means it’s almost 1 month old and it’s keep going on as far as i can see the development team has no rest .
The main focus about Shop Coin is the fact they offer a market system with a built-in Escrow service. You can compare it to Ebay in some regard, as users can list items for sale through an auction, where the highest bidder wins.
Sellers also have the option “Buy It Now” and put a fixed price on their offering and opt to choose for the built-in Escrow system . If you aren’t planning to sell, but rather to buy, you can put up an Items Wanted list. A sophisticated feedback system is also in place to stay off scammers and notice honest sellers .
Five shares will be auctioned off, and the remaining 45 will be used in the following manner : 20 shares will be paid to Staff members, and the rest is split in half. The first half of these shares will be auctioned off to the highest bidder during Ebay Style Auctions. You will only be able to pay in ShopCoin during the sellout of shares !
The other half of the remaining shares will be used to keep Shop Coin price high and keep buy pressure on the price.
BitcoinTalkNShop what is it ?
It’s the reason that will make SHOPCOIN be stable and bigger over time with their Auction Style Platform and an Open Community . So it won’t act just as a shop but a community hub too for buyers , sellers , developers and people interested in project . The marketplace is easy to navigate, and it operates as i said before like eBay, except that the BitcoinTalk-n-Shop lets you pay with cryptocurrency, while eBay currently does not. Though the market has only been live for a short time, consumers can already bid on a variety of items, including a PlayStation 4, Laptop hardware, and Amazon gift cards.
In addition, unlike most other cryptocurrency marketplaces, BitcoinTalkNShop consumers can utilize a built-in escrow system to prevent scammers from stealing your money.
Also they got a private part of the community where shareholders of BitcoinTalkNShop can see their earnings , statistics and vote for any modification that could occur.
Where are the coins ? Where i get some SHOPCoin’s ?
ShopCoin can be found on Bittrex and AllCrypt with the prefix [SHOP] or old one [BTCS] and they are very rare so i suggest to buy-in as soon as you can until they become to expensive because they are only 500.000 ShopCoins that will ever exist and 250.000 are pre-mined and distributed with 15% Of the pre-mine will be used for contest and promotion, 15% for Bitcointalk members and IRC users, 20% will be sent to investors and the rest will be generated by staking.
Also by being active into the community you could really earn some reputation and coins for you to shop around in their eBay style auction community – BitcoinTalknShop
All being said ShopCoin will be a very interesting project to watch and invest a few coins in it since i do consider it’s in the investors interest to keep it high as they will get fee’s in ShopCoin and then convert in Bitcoin but in the same time they will have good care to keep the market in demand . Also they have an active community that increase daily and a active development team that want this project to succeed on long term that will put ShopCoin in the list of good investments .
ShopCoin Technical Specifications
- Symbol: SHOP (a few websites list it as BCTS)
- Pure Proof-of-Stake
- Confirmations: 25
- Block Time: 60 secs
- Stake Interest: 20% yr
- Stake Age: 8 Hours / No Max
- Initial Distribution: 250,000 (150,000 for giveaways; 100,000 for investors)
Hope you liked this article and about this coin . To be honest i this one looks good and they are working hard for their money , i’ll keep a close eye on them .