CoreCoin is a new cryptocurrency designed specifically around peer-to-peer lending. Coming off a recent ICO, the company is currently developing a platform to allow CoreCoin (CRN) holders to earn interest rates of up to 48% for lending these digital assets to others.
CoreCoin Team & Company
There is absolutely zero information on CoreCoin’s development team listed on the website directly. Additionally, there doesn’t seem to be any other information on CoreCoin listed on other sites across the internet in the form of a whitepaper or even just a list of team members.
Attempts to document the website owners has proven fruitless. The details of the site’s registration, which lists a date of November 1, 2017, is hidden behind a private domain name registration service. Alexa site info statistics are also blank, indicating that the site simply hasn’t received enough traffic to register any data.
Social media site links present on the website are either inoperative or point to broken links. In fact, the only way to contact the dev team for CoreCoin – if there is one – is through a contact form widget on the website itself. It’s unlikely there’s anyone behind the wheel on this one, though.
CoreCoin Worthy Cryptocurrency Loyalty Rewards Platform
From what we could glean about CoreCoin, the platform in development will focus on the creation of a cryptographic asset that can be mined using proof-of-stake instead of proof-of-work. Additionally, there will be a peer-to-peer internal exchange for CRN tokens — something that, according to the development roadmap listed on the website, was slated to launch on February 20th, 2018.
This exchange is supposedly meant to provide p2p lenders the ability to receive up to 48% ROI. The mechanics for this lending are not provided in any way, nor is there any evidence presented that the exchange is indeed up and running.
Another facet of CoreCoin, according to the website, is a “3-tier loyalty program” that ostensibly rewards community members for promoting the new platform across social media. Unfortunately, there is hardly any information regarding how this loyalty program works.The only data we do have is that this system is likely to be based on affiliate income, with recruits providing 6%, 3%, and 1% commissions on all purchases made during the ICO.
According to the roadmap, CoreCoin lending is set to start on March 30th, 2018.
CoreCoin CRN ICO Details
The CoreCoin ICO, according to the website, ended on January 13th, 2018. Additionally, a “post-ICO” ran from the 14th of January to the 20th. In other words, all phases of the ICO are, according to the site, over. The CRN token is still available for sale at $5 per token according to site literature — though there doesn’t seem to be any way to purchase any. Whether the ICO occurred, however, is unknown; it has been impossible to find anyone who seems to have actually participated in this ICO.
Usually we provide detailed analysis about an ICO or a cryptocurrency in this section regarding its suitability as an investment. However, when it comes to CoreCoin it’s practically impossible to do so, because there doesn’t seem to be any way to actually invest in this cryptocurrency.
Whatever’s going on with CoreCoin, it looks more like this cryptocurrency project has been abandoned or has gone defunct in some way. With no evidence of any activity, there doesn’t seem to be any active investors who purchased CRN tokens during the ICO for this project.
What happened to CoreCoin is anybody’s guess. It’s highly likely that the “dev team” behind this project, whoever these people are, likely fell apart completely sometime after populating the website with some basic information but well before setting up the infrastructure they needed to launch the ICO. As it stands, the CoreCoin site is nothing more than a monument to yet another failed altcoin that, truth be told, was probably going to fail anyway.