Review on LanaCoin by Pedro O. Alvino M.
Open source coin without ICO and Premine
A coin launched without premine and ICO, attributing zero advantages for the project developers and offering full bias for all holders of the coin. Launched in 2016, its progress in the market has been static, given that the reason for the launch of this coin to the market, was for a birthday gift, which its objectives at that time were limited.
Currently integrated in several exchanges, the currency has very little interest from crypto investors, in addition the services that it is composed of are very simple, since it is largely based on the stake of coins to secure the network and the mining process which can be done through specialized cryptocurrency mining hardware with sha256 algorithm support.
Despite indicating new renovations in its services and establishing commercial strategies that can make the project much more known, it will be difficult given the competition in the market and the simplicity of its services.
Pros
- It has a market trajectory since 2016.
- It has several social channels.
- Targets new strategic partnerships and new features on your platform
Cons
- Very poor Lanacoin platform design.
- Very low demand for the currency in the market.
- Very limited mining hardware support.
- Since its launch, it has not generated interest from the crypto community.
