Arctic coin is a digital currency launched in July 2015 that allows you to make payments instantly. The currency also allows users to make payments globally. The coin has network security that is guaranteed to offer maximum privacy due to the use of rank 2 network. Seeks to introduce unique developments and improvements on instant payment platform. With arctic coin, one can make instant payments that are not limited. The platform also maintains the anonymity of the financial transactions. Arctic coin transactions are in blockchain which means that receiving and sending of money is available for the public. However, to track the user fees is almost impossible due to SpySend which is built in anonymization technology. This allows for maximum privacy on the part of the user’s funds.
Arctic Coin ARC Uses
The digital currency also has a client program dubbed Wallet Arctic Core that allows the user to store, send and receive Arctic coins (ARC). The coin also offers an opportunity for the traders to become a Goldmine Node. The user needs 1000 ARCs to set up the master node. The coin master node setup allows one to generate passive income with time since it provides returns as the traditional savings accounts in banks. For every newly mined ARCs, 45% goes to the miners, 45% to the Goldmine Nodes, and 10% is used to develop the coin further. The master node is also the cheapest in the market going at $110, and it is also easily accessible.
The cryptocurrency also has a reward system that is on two levels. The first one is the proof of work or PoW which is for classic mines where one can be rewarded for the attachment capacity of one’s computer. The other reward system is called proof of stake or PoS where the user is rewarded for keeping currency units in the wallet. Both the systems are important as they maintain the blockchain integrity and the security of the cryptocurrency.
Advantages Of Arctic Coin Private Instant Payment
The SpySpend technology used by the platform ensures anonymity of the funds thus tracking the money or financial information of the user becomes very difficult.
The instant technology allows for transfers and payments to be done instantly.
The fees needed for the transactions are lower compared to the ones required for credit or bank transactions. This is because there are no taxes or middlemen fees.
The peer to peer network removes the role of intermediaries which means that the payments are made directly to the other party.
Can be used to receive and send money anywhere in the world.
Arctic Coin ARC Current Market Statistics
The arctic coin is currently available at the price of $0.10191 and can be purchased at various exchanges including Cryptopia, C-Cex, and Livecoin. Compared to other cryptocurrencies, ARC has the 66th largest market capitalization. Its Market Cap equals 0.0007% of the total cryptocurrency market. The units of currency currently in circulation are at 24,593,727, and the assumption is that by the end of the mining phase 60,000,000 coins will be in circulation. The price of the coin is volatile.