2438 cryptocurrencies
Total Market Cap $283.546.780.617
Total Volume 24h $526.278.402

Genstake Genstake

0,0002 USD/GEN
0.00000001 BTC
0,00000000 (0,00%)

Genstake Price today

Genstake, also known as GEN, has a price today of 0,0002$ and a market capitalization of 12.371$, which is 0,00% of the total. Genstake has a total of 60.000.000 coins in circulation.

In the last 24 hours, the price of Genstake has 0,00000000$, which is 0,00% of its valuation.

What is Genstake?

Genstake is about trying something different with staking. Staking was designed originally to yield a percentage of a coinholder's total coins over time, every year, in exchange for supporting the network. Developers walk a fine line between coding high interest percentages to entice holders to stake to support the network while trying to keep the interest percentages low enough that inflation doesn't kill the coin. People have become accustomed to 'Mining Periods' of hyper inflation where the initial coinbase is established, after which mining becomes impossible and the network relies entirely on holders to stake in order to maintain the network and process transactions. 

Genstake aims to change all that. With Genstake, staking blocks doesn't give you interest on the coins you already have; staking blocks gives you a full block reward. Effectively, each of your coins becomes a little mining rig on the network, working diligently to mine you more coins. Gone are the days of 0.02 coins for staking a block. Staking a block with Genstake produces 20 Gencoins. 

Visit website open_in_new
Market share 0,00%
Proof type PoW/PoS
24h Open $0,0002
24h Low $0,0002
24h High $0,0002
Price in BTC 0.00000001 BTC
Current Supply 60.000.000 GEN
Market cap $12.371
24h Volume (coin) 0 GEN
24h Volume (currency) $0
Last updated 2019-09-12 21:45:08 +01:00 BST
Date Price Volume

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