Nasdacoin

What is Nasdacoin?

Nasdacoin (NSD) is a cryptocurrency with the goal of offering advanced solutions for all global monetary transactions. It uses a hybrid Proof of Work (PoW) / Proof of Stake (PoS) consensus algorithm which means coins can be earned via both mining and staking. Nasdacoin is different from most other cryptocurrencies in that it places a high degree of emphasis on its affiliate program, which rewards users from referring other users to its platform. It also features an investment program that allows any user to join and invest coins in the Nasdacoin platform, with a structured return on income.

History of Nasdacoin

Nasdacoin was founded in 2017 by multi-level marketing guru James Babtist. There is very little information on other team members, where the source code is located, and the results of the coin’s ICO, in which 3 blocks of their premined amount of coin were sold to investors. Nasdacoin was launched for trading on an exchange associated with its platform, on August 23^rd, 2018. It remained dormant before slowly picking up steam in mid October 2018. In November of that year, it saw explosive growth in a time when most other coins were sinking in value, and by November 16^th, it had reached a $90 million market cap, briefly placing it within the top 100 coins by market cap.

How Nasdacoin Works

Nasdacoin is a hybrid PoW/PoS coin, meaning new coins are generated through both mining and staking. It uses a scrypt hashing algorithm and can be mined using CPUs and GPUs. Blocks are 2 minutes apart, making it roughly 5 times faster than bitcoin, and each block reward is 25 NSD. Every 1,380,000 blocks, the block reward is halved. There will be a maximum supply of 84 million total coins. To be eligible for staking, users only need to hold coins in their wallet for 15 days to begin mining new blocks and adding rewards to their wallets. Without a GitHub repository or block explorer, there is a lack of much greater detail of information on this coin.

Why Nasdacoin?

As a second-generation cryptocurrency, Nasdacoin has some unique features that separate it from other coins. Some of these include:

Mineable and stake-able. As Nasdacoin is both PoW and PoS, it is possible to mine the coin using mining equipment or GPUs and it is also possible to stake it for future rewards. This makes it easier for people with limited technical background to acquire new coins.

Investment program. Users have the option in participating in Nasdacoin’s investment program in which interest will be accrued on sums of NSD invested into the coin’s platform.

Affiliate program. Nasdacoin has a highly-structured affiliate program which encourages users to bring new members aboard.

Casino. The Nasdacoin platform offers its own casino with 200+ games from which to choose.

Marketplace. The coin’s platform also contains a marketplace where users can purchase high-end electronic good directly for NSD.

Credit card. Nasdacoin offers a VISA card which can be loaded with NSD and spent at any point-to-point credit card sale retailer.