The Einsteinium Coin is a cryptocurrency, which is based on bitcoin.
In addition, Einsteinium is intended to advance science and reduce investments in irrelevant IT projects.
In particular, projects that have an important influence on the further development of humanity are to be supported by Einsteinium.
What is the purpose of Einsteinium?
The purpose of Einsteinium is to finance scientific research. Investments in research projects are to be made on the basis of community decisions.
In addition, it should be ensured that a large user group uses the Einsteinium coin, so that free use is obligatory.
Einsteinium hopes that the coins will be well accepted due to their donation character.
To promote science, 2% of the coins extracted from mining are donated to research projects. Einsteinium’s mining was divided into so-called epochs, which each consisted of 36,000 blocks and was to last for about 25 days.
After these 25 days, the community will determine the next research project to be funded by Einsteinium.
Like Bitcoin, Einsteinium also uses a Perr-2 peer system. In addition, EMC2 has implemented a wormhole technology, which is to appear randomly in every era.
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A wormhole remains for 180 blocks and is assigned 2,973 coins for each block that is loosened.
Which company is behind the Einsteinium Coin crypto currency?
Einsteinium was developed by the Einsteinium Foundation. On 7 April 2017, the Foundation was registered as a non-profit organization with its headquarters in Montreal.
The Einsteinium Foundation is the first non-profit organization founded within the framework of cryptocurrencies and hopes to establish close ties with other non-profit organizations with the central goal of advancing science.
What is the vision of the company and how should it be realized?
The purpose of the Einsteinium Foundation is to support research. For this purpose, 2.5 % of the mining income goes to the foundation.
While 2% goes directly into research projects, the remaining 0.5% is used to cover the company’s own marketing and advertising costs.
In the long term, the company’s own Einsteinium schools for engineering sciences are to be established in order to inspire children with enthusiasm for science.
In order to achieve these goals, the foundation is developing an infrastructure that enables trading.
In addition, EMC2 also provides its own wallet which enables the free transfer of the cryptocurrency.
What is the company’s market capitalization?
The Einsteinium Coin, also known as EMC2, has a market capitalization of USD 345 million after a huge jump in the beginning of December (from 26 million in November, that is a 10x jump).
This corresponds to the value of around 20,500 bitcoins. In addition, the daily trading volume was USD 40.6 million, which leads to the conclusion that EMC2 is a volatile cryptocurrency.
A total of 214 million EMC2 coins are available on the market. The EMC2 coin was limited to a maximum limit of 299 million coins, which are to be traded after 730 epochs of mining on the market.
You can’t buy it directly for fiat on any exchange. You can choose the best BTC exchange for your region and buy BTC there, then trade it for EMC2 on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase has acceptable fees and limits and it is a leading platform for buying BTC.
If Coinbase doesn’t support your country, use Cex.io – read how Cex.io works – it is as good or even better than Coinbase. Coinmama is also legit exchange for buying cryptocurrencies – click here to visit Coinmama.
If your country is not available on Coinbase – check for best Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin exchange review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is secure place to buy crypto), instantly and directly to bitcoin.
Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet – our recommendation is just go and buy Ledger Nano S, it is the safest option.You can read our article on how to use Ledger Nano S wallet and where to buy it or check out other top physical crypto wallets here. You can also create a paper wallet – learn here more about crypto wallets.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com