GEN
DAOstack Rank 483
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48,033,039 GEN
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DAOstack
DAOstack Price $ 0.1350
$ 0.1350
DAOstack 24h Vol
$58,562
$58,562
DAOstack Market Cap $6,486,444
$6,486,444
24h Vol
6 BTC 1 H
-0.24 %
24 H
-14.37 %
7 d
45.58 %
Today DAOstack price in US dollars is currently
0.1350
USD, and if converted to Bitcoin is
0.00001460
BTC. A total of 48,033,039 GEN are currently circulating in the Market. DAOstack price is currently experiencing a change of -14.37 %, and check here all cryptocurrency. Over the past 24 hours 0.001 M US dollars DAOstack have been traded on Crypto Exchanges. Get DAOstack's progress by adding it to your favourites and creating a free portfolio.
Full Name
DAOstack
Symbol
GEN
Algorithm
Scrypt
BTC Price
0.00001460 BTC
BTC Market
701 BTC
BTC 24h Vol
6 BTC
Total Coins Mined
48,033,039 GEN
1h
-0.24 %
24h
-14.37 %
7d
45.58 %
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Website
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Description
Description
Genstake is about trying something different with staking. Staking was designed originally to yield a percentage of a coinholder's total coins over time, every year, in exchange for supporting the network. Developers walk a fine line between coding high interest percentages to entice holders to stake to support the network while trying to keep the interest percentages low enough that inflation doesn't kill the coin. People have become accustomed to 'Mining Periods' of hyper inflation where the initial coinbase is established, after which mining becomes impossible and the network relies entirely on holders to stake in order to maintain the network and process transactions.
Genstake aims to change all that. With Genstake, staking blocks doesn't give you interest on the coins you already have; staking blocks gives you a full block reward. Effectively, each of your coins becomes a little mining rig on the network, working diligently to mine you more coins. Gone are the days of 0.02 coins for staking a block. Staking a block with Genstake produces 20 Gencoins.
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