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OTOCASH Review

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Average

Revainrating 3 out of 5  
Rating 
3.0
Crypto Projects

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Description of OTOCASH

OTOCASH (OTO) is a cryptocurrency launched in 2018. Users are able to generate OTO through the process of mining. OTOCASH has a current supply of 38,307,412.5696 with 36,820,603.637132 in circulation. The last known price of OTOCASH is 0.08999748 USD and is down -0.01 over the last 24 hours. It is currently trading on 4 active market(s) with $0.00 traded over the last 24 hours. More information can be found at https://www.otocash.io/.

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Type of review

Revainrating 3 out of 5

OTOCASH (OTO)

OTOCASH (OTO), comes from an innovative project which presents this OTO token, which has the functionality of a minable type currency, with PoS algorithm of participation and without the need for mining equipment, likewise this is a currency to make payments and secure transactions, operates from various exchanges, where it can be exchanged for various types of currencies and works on the basis of blockchains. OTOCASH (OTO) also has its own wallet where this currency can be stored, keeping it…

Pros
  • OTOCASH (OTO), works in an excellent way to be mined, this can be extracted with Scrypt-PoS type mining of participation test, without using mining equipment, with only leaving the wallet open, you can generate OTO coins.
  • OTOCASH (OTO), maintain a good market capitalization is positioned at Level 637 of the coinmarketcap, likewise its percentage of RIO, remains positive, being this +179.57%.
  • OTOCASH (OTO), has an efficient wallet to store the OTO tokens in a very easy and safe way, this wallet is available for Window, OSX and Linux operating systems, also a wallet is being developed, for Android mobile devices and also a wallet that works from the web.
  • OTOCASH (OTO) coins can be purchased from the Crex24, Altilly, Finexbox and VinDAX listings, and are also traded in currency pairs such as OTO/BTC, OTO/USDC and OTO/USDT.
Cons
  • For now it is not available to create a WEB WALLET to store the OTOCASH (OTO) coins, as the web wallet is still under development.
  • OTOCASH (OTO), is a low volume daily purchase currency.

Revainrating 3 out of 5

payment system with proof of participation consensus algorithm

Most of the projects offer payment systems, but in some cases they do not have their own network, in addition to owning it, it is very slow and I did not pay enough for payments in a financial ecosystem. Otocash from the proof of participation, it has a totally fast confirmation of blocks although they only admit payments in their currency can meet the expectations of the operator

Pros
  • Open source software project.
  • It has personalized payment systems.
  • Consumer safety through KYC.
  • It has a wallet to protect assets on the Platform It offers fast and high volume transactions.
  • Consensus algorithm based on proof of participation
Cons
  • The rewards for mining are totally dire.
  • KYC verification is mandatory for the respective use of the platform.
  • It does not have new features for this year.