Review on MintCoin by Stephen Toluwani
Passive Income, Low to zero Transaction fees. Mintcoin offers all but still hasn't accomplished much especially on its market value despite being around for this long
The Mintcoin project is a crypto project that comes with total decentralization and passive income in mind for it's users. I say this project is decentralized because it isn't controlled by any single entity and all governance power is given to it's stakers via it's Living Roadmap and this stakers via the value of their coins held, can take votes for or against proposals being raised up and for voting developers. It also supports a passive income modal for it's stakers. The stakers who deposit their coins into their Mintcoin wallets begins to earn them a fixed 5% yearly rate from the 20th day of staking. This is quite remarkable as I am yet to see any Crypto projects with such innovation although this staking reward or passive income can be counteracted by a fall in price and this doesn't make staking that profitable in the long
Going through it's network capabilities, I noticed the speed of Transactions confirmation which comes in 2 minutes and the near zero fees cost of making such transactions. This makes the Mintcoin ideal for Businesses to run as their payment processor. It also uses a hybrid PoW/PoS consensus mechanism which helps reduce a 51% attack on its network possible. According to coinmarket, the Mintcoin is currently traded on just one exchange although it's website says otherwise. Moreso, the webpage on which the project is being hosted upon needs to be worked upon as it contents in my view, tend to reduce adoptability of the project wonderful capacity. Overall, it is a great project that really has a good potential in the market at the long run and so will make a worthy investment for me at it's current low value. More integrations and partnership should be encouraged to help bolster it's adoption and subsequently, it's value
Pros
- The cost of facilitating transactions using the Mintcoin network is a near zero cost
- It is a completely decentralized crypto project with a Living Roadmap that allows its stakers vote and exercise their governance power
- The speed of transaction confirmation is around 2 minutes only
- Earns the stakers a passive income via it's staking rewards pegged at 5% per annum
- Combines a hybrid PoW/PoS consensus mechanism to prevent 51% attacks on its network
Cons
- The webpage of this project needs to be revitalized. It doesn't speak well for the Project
