Satan Coin is a peer-to-peer digital currency and is founded on the Proof of Stake and Proof of Work coin algorithm. It has the same developer from BitcoinStake & DashStake.
Recently Satan Coin has offered its initial coin offering (ICO) using a limited supply of 666 with nine circles of funding. It started last Friday the 13th and ended on the day of the Halloween, October 31st.
“Damned are thy mortal coins,” is the phrase you’ll see at the center of the Satan Coin’s website. The makers of the site used words and phrases in the satanic world. However, the site is just their way of showing cryptocurrency can be made to look creative and unique. The theme’s website is dark and uses the colors of black and red. The illustrations are creatures and symbols from hell. They also put all their information in a black paper instead of the usual white paper.
Satan Coin Benefits
Nine Circles of Funding: This is based on the deadly sins of humans. The words used for the funding are Limbo, Lust, Gluttony, Greed, Wrath, Heresy, Violence, Fraud, and Treachery. A buyer can use each round to buy digital coins. There will be a total of 74 coins available in each round of funding.
Lottery System: The unallocated coins in each circle of funding will be created in that circle. The buyer with the corresponding token will receive the remnants of the circle of funding.
The 666 Supply: Only 666 coins will be produced. It is the equivalent to 0.0666 ETH. Each 666 Satan coin is indissoluble. These 666 tokens can be divided equally in each round of the circle of funding that will last for 6 days per round.
Satan Coin Is Powered By ERC-20
Satan Coin follows the ERC-20 token standard on the Ethereum network. Each transaction made will be monitored in the blockchain system. In addition, an initial coin offering is connected with the Satan Coin token and it will last until the Christmas Eve. You can visit the site to know more about this information.
Do the Satan Coins have value?
The premise behind the Satan coins is that they are a novelty currency. As such, customers cannot trade the coins for other goods and services, (apart from Etherum) and its intrinsic value comes from its limited amount of supply.
Although the Satan Coins might not be able to be sold on the primary market, their value could increase as there are only so many in circulation. The high degree of scarcity for the Satan Coins could see the token increase in price, especially since they uniquely branded and positioned in the market.
Satan Coin Conclusion
Satan Coin offers a collectable offering in the form of cryptocurrency. The coins come fully detailed in the platform’s “Black paper” which outlines the creative usage of the Satan Coins and its potential appreciation of value.
The coin has gone through its first round of funding already that started on Halloween and is due to conclude on Christmas Eve.