Review on LanaCoin by Amos joseph
LanaCoin
Blockchain project can be created as open source these have made the network more accessible for developers to easily create interesting additional coins to the network which in turn have been a great means of boosting the scalability of the crypto industry.
Although some project might seem very small but lot of effort have been make to keep those projects quite competitive in the crypto market.
LanaCoin is a POW/POS minable token that rewards both miners and investors, when new blocks are created by miners rewards are given for generating new blocks and investors get to stake LanaCoin with 7% annual return over billions of LanaCoin have been created to be in circulation which suppose that every user in the world could have one LanaCoin, the coin supply in terms of being exchange in traded market and total circulation in the market capitalization is very low with low supply, is supported by few exchange platform added support for wallet where users can securely store their token.
it social platform is very active although has little users engagement new and recent update are updated on their social handle to keep users informed.
Although LanaCoin coin is not a big project yet it has stood up in the competitive crypto market it roadmap is yet to be updated these could be a limitation to the project growth as most investors will love to know why they should invest in such project.
Pros
- Blockchain project yet to gain popularity in the crypto market although it has stood up and been up running for several years which makes it a unique project
- Support mobile wallet with few exchange platform for conducting trade among users
- Well active social platform to engage and update it user
- Good security system with fast transaction and low fee
Cons
- Need to improve and update roadmap in other to attract more investor
- Low market supply of coin
