Introduction About EunCoin — EunCoin Faqs
What is Euncoin?
Euncoin is a new revolution in decentralized digital currency. The coin is based on Litecoin with certain modifications, but generally it’s the same thing. It’s still a decentralized cryptocurrency. Still, there’ll be a certain mining component to it in order to be able to keep the ledger going.
The name of the coin “Eun” is originated from Sino-Korean 恩 (eun) meaning “kindness, mercy, charity” or 銀 (eun) meaning “silver, money”, as well as other hanja characters which are pronounced in the same way. It usually occurs in combination with another character, though it is sometimes used as a stand-alone name.
At the heart of the Euncoin concept is the desire to help people achieve their dreams by allowing them to pursue their passion in this brave new world without worrying about their financial needs. Euncoins can be used for any purpose just like any other cryptocurrency. Donors and content creators alike can use the coins to purchase goods or avail of services as soon as they receive them, or trade it in cryptocurrency exchange sites such as HitBTC.
What is an Euncoin Wallet?
Euncoin wallet is a software program which is securely stored in your computer, tablet, phone, laptop or in any other devices where you have downloaded it. This wallet is primarily used for your transactions. Whenever you donate a certain amount of money to participating Internet Content Creators, you get coins which you can further donate or trade for any goods or with other cryptocurrency sites. These coins are stored in your Euncoin wallet. To send and receive money and completing transactions in Euncoin network, the Euncoin wallet is used.
Who is Involved in Euncoin?
Donors, Youtubers, Internet Content Creators, persons who want to share skills to earn coins, creators’ partners (specially friends or creator’s known persons who inspired and helped them to complete the Euncoin system) are involved in Euncoin as they all collectively have the control over all the coins.
What is the Blockchain?
A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. It allows the market participants to keep track of digital currency transactions without central recordkeeping. It solves the double spending problem without the need of a trusted authority or central server.
Why was Euncoin Created?
EunCoin is created to allow people to benefit from cryptocurrency while they pursue their passion and cultivate their creativity. Euncoin will allow creators to give something back to their donors for their contributions in the form of tradeable digital tokens, which can be used as a currency. This will entice the viewers to donate more in exchange for coins. The more money that donors spend on funding content creators, the more coins they receive. In turn, the content creators get to increase their revenues directly and give them more time and money to do what they enjoy doing. An additional unique purpose behind Euncoin is to promote the use and sharing of information and creation of Internet content, which is now an integral part of our daily life.
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