Crave price is $0.04014091
The price of Crave (CRAVE) is currently $ 0.04014091 and has increased by +0.00% in the last 24 hours.
Crave is a Proof-of-Stake (PoS) cryptocurrency that came into existence as a fork of the Blackcoin. It uniquely differentiates itself by having no premined coins at all. Initially, the Crave network created an initial supply of 520,000 CRAVE coins using a Proof-of-Work (PoW) stage, built around the scrypt hashing algorithm. However, now that the PoW stage has concluded, Crave has transitioned entirely to PoS for the generation of new coins.
According to the plan laid out by the Crave team, the coin supply will effectively double in the first year of circulation. This will be followed by an increase of 50%, 25%, and so on each passing year. This inflation is necessary to facilitate new markets on the Crave blockchain, operate Crave masternodes, and for the conversion of CRAVE to BLUR at a rate of 1 CRAVE to 5 BLUR. The team claims that the latter will serve as the currency for the anonymous market.
To operate a Crave masternode, an investment of 500 CRAVE coins is needed. Running a Crave masternode allows users to earn rewards while helping secure the network.
The Crave team plans on creating an anonymous market where transactions can be made using BLUR, a currency derived from Crave. The conversion rate is set at 1 CRAVE to 5 BLUR. This anonymous market is one of the unique offerings of the Crave project, aiming to provide users with an additional layer of privacy for their transactions.
Following the end of the Proof-of-Work stage, Crave now operates entirely on a Proof-of-Stake mechanism. This means that new coins are generated not through computationally intensive mining but by holding and staking CRAVE coins in a wallet. The more coins you stake, the higher your chances of creating a new block and earning reward coins.
The current circulating supply of Crave (CRAVE) is , while the total supply is 1000.0M.
Crave (CRAVE) can be purchased on the following exchanges: YoBit. Please do your own research before deciding which platform best suits your buying needs.
At present, Crave's market capitalization ranks at #1, with a total market cap of $ . Hence, it is safe to say that Crave, with its unique offerings, has indeed made its mark in the vast arena of cryptocurrencies.
The trading volume of Crave in the last 24 hours is 0.0.
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