Gencoin price is $0.00021215
As of now, Gencoin (NES) is priced at $ 0.00021215. The cryptocurrency has increased by +0.00%% in the last 24 hours. Considering the volatile nature of digital currencies, prices can fluctuate rapidly.
Gencoin (NES) is a recent entrant in the cryptocurrency space that aims to offer users a unique form of digital asset. The team behind Gencoin emphasizes a focus on innovative technology and community-driven development. Gencoin seeks to distinguish itself within the crowded market of cryptocurrencies through various means, including exclusive features, strategic partnerships, and a roadmap aligned with the interest and engagement of its users.
Since Gencoin is a relatively new cryptocurrency, detailed information about its founders or team may not be widely known. However, like many crypto projects, it is likely that Gencoin was developed by a group of blockchain enthusiasts and technologists who share a common vision for improving the digital asset space. Specifics about the team can often be found on the official Gencoin website or in its whitepaper.
Gencoin operates on blockchain technology, which is a decentralized ledger system. Transactions with Gencoin are recorded on this ledger and verified by a network of peers, ensuring security and transparency. The coin likely uses a consensus mechanism to validate transactions and possibly to create new coins. The specific technical aspects of how Gencoin works would be detailed in its whitepaper or official documentation.
Gencoin's unique qualities would typically be outlined by its creators and could include things like innovative consensus mechanisms, unique utility within its ecosystem, or special features that address existing problems in the crypto space. These distinctive features are what the project hopes will set Gencoin apart from the multitude of other cryptocurrencies available.
In line with other cryptocurrencies, Gencoin's network security would be a top priority for its developers. Whether it employs Proof of Work (PoW), Proof of Stake (PoS), or another consensus algorithm, the security measures are crucial in protecting against double-spending, fraudulent transactions, and other forms of attacks. The specific methods used to secure the Gencoin network would be provided in its technical documentation.
The total supply of Gencoin is 2.0B NES tokens. It's important for potential users or investors to understand both the total and circulating supply, as this can affect the scarcity and potential value of a cryptocurrency.
Cryptocurrencies often maintain their value through scarcity, utility, and market demand. Gencoin's value may also be influenced by the number of active users, the success of its partnerships, technological developments, and the overall market sentiment.
Gencoin (NES) can be bought on any of the where it is currently listed. To purchase Gencoin, you would typically set up an account on one of these exchanges, complete the required checks, and then trade fiat currency or another cryptocurrency for Gencoin.
Gencoin currently has a market capitalization of $ , and it ranks #1 in the cryptocurrency market. The trading volume over the past 24 hours has been , and at present, Gencoin's circulating supply is NES tokens.
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