PeruCoin aims to give Peru the same advantages other countries receive from cryptocurrencies.
While many countries openly embrace the wealth, security and freedom that comes from cryptocurrencies, that’s unfortunately not the case everywhere. In Peru cryptocurrencies are still non-tradeable and the cryptocurrency markets suffer from reputational issues.
All of that is about to change with the introduction of PeruCoin. PeruCoin is a project initiated by Bits2u and their goals are fair and simple:
- Provide knowledge about cryptocurrencies to the people of Peru
- Encourage the public to invest in cryptocurrencies
- Create a state-of-the-art mining farm in Peru
- Use the farm for guided visits to further educate people on the technology
These steps can also be divided into short and long-term goals:
- Acquire a factory with the necessary capacity to house 200 crypto currency mining machines.
- Hire an electric service powerful enough to support the required power of the said machines.
- Hire a reliable security service to protect the farm.
- Buy clean unbreakable crystals so you can appreciate the machines.
- Acquire of an air conditioning system that will keep the machines in the needed temperature inside the glasses for efficient operation.
- Make guided visits to the general public
- Educate and lecture on cryptocurrencies
- Create and deliver brochures about cryptocurrencies and mining
- Increase the interest and knowledge about cryptocurrencies in Peru
- Hold conferences outside of Peru
PeruCoin is using the secure, fast, efficient and smart Ethereum network. Using the Ethereum network also means that PeruCoin is an ERC-20 token designed to follow all the privacy and security principles of ERC-20.
PeruCoin will be released to the public in the first stage of their Initial Coin Offering. Whatever amount is collected will be used to purchase the mining farm, research and development infrastructures, mining machines, capital reserves, office setup and other pre-launch crypto activities.
The second stage will see PeruCoin released to the general population for everyone who’s willing to hold, sell or buy the Cryptocurrency. The trading process will be held on the leading exchanges.
PeruCoin will quickly tackle many long-standing problems
PeruCoin was inspired by the lack of understanding of blockchain technology in Latin America. This revolutionary technology is already reshaping how we interact and transact. The whole definition of money as a traditional system of exchange is being redefined. This is why PeruCoin will shine. Taking notice of the limited knowledge and mistrust of cryptocurrencies in Peru, the project is set on providing the necessary crypto exposure and educated instructors to properly train people, interested in the field.
Cryptocurrencies already are a very important part of the global financial ecosystem and in 2018 they will further facilitate their position in the global economy. Taking into account the recent creation of the technology, it’s of great importance to educate and demonstrate to Peruvians why they need to embrace this futuristic concept.
In Latin America, 60% of the 600 million inhabitants have no access to bank accounts. This becomes a huge problem when trying to transfer funds. In order to trade with cryptocurrencies however, people only need a mobile phone and 70% of inhabitants have access to one. This completely eliminates the need to rely on a third party like a bank and offers a quick and unique solution to a problem which has existed for years.
When it comes to international transactions, many businesses are already realizing the incredible value of using cryptocurrencies. An international business transaction needs to be quick and efficient, but that’s almost never the case because there are countless unexplained fees when crossing borders, delays and problems with the full amount received. Cryptocurrencies easily solve these problems, thanks to the speed and ease of the peer-to-peer Blockchain system.
PeruCoin as a long-term investment
PeruCoin is dedicated to stability. The project is aware of the trending issues of pump-and-dump ICO’s which pop up left and right. In order to address the issue, the Reserve fund will be divided into two primary functions to keep PeruCoin stable. The project’s solutions and approaches are largely adopted in the global crypto world.
The PERU token is designed to increase in value. The token owners are incentivized by the model to hold their tokens as long-term growth assets. The Controlled Reserve Fund is the sole property of PeruCoin and funds cannot be distributed or accessed by investors or employees. This category of individuals will not be allowed to trade PeruCoin for 48 hours following a sale or a buyback from the Reserve fund.
PeruCoin’s futuristic concepts is the path to progress
Decentralized and secure, the PeruCoin ecosystem provides the perfect opportunity to promote education and knowledge about the cryptocurrency industry in Peru. This will lead to greatly reduced mistrust and fear of cryptocurrencies in general.
PeruCoin will open the doors of opportunity to businesses and organizations, providing a secure platform for individuals to develop innovative ideas. By eliminating the thousands of unnecessary questions, the platform will promote cryptocurrency to newcomers and entrants in the industry.
The extremely transparency and openness to external integration through the tour guide system is unique and innovative. It will offer perfect usability during the day and a single application for business or even personal interaction will be highly valued by many Peruvians around the world.
With Artificial Intelligence and blockchain technology being the building blocks of the future, PeruCoins aims to capture their share early on. With proved, quickly developing technology and AI partners, PeruCoin has the potential to become an industry leader and the definite leader in Peru. This will lead to a major hit to fear and mistrust of cryptocurrencies and will increase the overall population knowledge on the subject.
The project’s innovative development, combined with strategic partnerships will be extremely beneficial towards the company’s development. PeruCoin has the potential to offer a world-class mining farm and top algorithms for years to come. This will be of great value to not only Peruvians and their economy, but to the entire world.
For all further questions, you can check out PeruCoin’s official website.
You can also check out:
- Next Bitcoin Goal is $12K: The Crypto Summer is Just Starting - Jun 25, 2019
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- Satoshi Nakamoto Books Will Soon Be Sold on Amazon - Jun 21, 2019
- Algorand Raised $60 Million: The Vault Cryptocurrency Possibilities - Jun 20, 2019
- Libra White Paper Revealed: All Cards Are Now on the Table - Jun 19, 2019
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