Zcoin the Privacy Coin with an Awesome Profit Possibility

Introduction

I heard for the first time about Zcoin when I watched a video on YouTube. I spent so much time on the Steem blockchain that I did not realize so much stuff was happening outside of it.

The crypto bear market has destroyed many startups, and many dreams have vanished for many entrepreneurs. Recently, I started to dig and discover things that can generate a full-time income in the crypto sphere.

What is the focus of Zcoin?

What you need to know about Zcoin is that it is a private coin. It is important for people who love crypto to have privacy and have anonymous transactions. Many coins offer this feature like Monero, ZCash, and others. Many public blockchains can track everything as to where the money goes.

I believe it is an essential right to have privacy and it is not cool to get tracked for everything you do. At least this cryptocurrency has this feature and philosophy in mind.

Mining Zcoin

This is the first coin I intend to mine with the GPU mining rig I want to build before the fall. I need to have a cryptocurrency as a test case, and I find the use case of privacy appealing.

I discover that the team is working hard to make the crypto ASIC resistant. ASIC is a powerful type of equipment whose main functions are to mine a specific algorithm.

At least, the average Joe can expect to mine Zcoin with GPU or CPU and feel to be part of something. Try it yourself and accumulate these tokens for the pleasure.

Popularity of Zcoin

At the time of writing these lines, Zcoin was in position 85 on CoinMarketCap. We can see that it is a popular token that has the potential to claim a much higher position on the chart.

As stipulated, you need to take into consideration privacy as a top topic these days. It is a specific crypto niche where people want to see the following features in place:

1. Hide the number of tokens they have.
2. Do not show where they spent coins or which item they bought.
3. Not be able to track their transactions on the public blockchain.

I believe this niche has the potential to increase in value.

The supply of Zcoin

It is a crypto with a limited supply like Bitcoin and has a scarcity set in their protocol. I love tokens of this type because the value does not get killed by inflation.

Inflation kills the value or profit of the tokens you hold; a good example is the steem crypto.

The supply is limited to around 21.4 million tokens in circulation. Another important aspect, the supply might be even less because many of those tokens might be lost forever.

Zcoin masternode opportunity

Masternode is a server that helps to run vital services on a blockchain. The best part of it, you get rewarded by providing this service by the native token.

You need to take into consideration that you need to pay for your server. Also, you need strong security in place because you need to secure the tokens you stake that you need for the masternode.

Why do you need to stake Zcoin tokens? It is a mechanism build in place to remove some tokens in circulation on the free market.

Specific Zcoin masternode data

The first thing you need to know if you want to invest or mine, you need to buy at least 1000 Zcoin before thinking of running a masternode. You need to know that it requires a lot of money upfront!

Today's value of 1000 Zcoin is around $8000. It is accessible if you are serious about making a passive income stream and risks some capital to grow your crypto portfolio.

What I know after watching the video is that you get paid every 10 days. You receive 15 Zcoin every 10 days and the profit is around 15%.

Zcoin passive income opportunity

As you can see, a 15% profit with a Zcoin masternode is something interesting to put in place. I have not tried this method yet but it is something I might soon.

My first step will be to mine it, discover, and follow the project on Feedly.

I would like to use the profit from this masternode and buy other crypto assets! It is exciting to have an opportunity of this kind on my plate.

Risk involved

Do not forget that everything looks always good on paper. It is important to keep in mind the risk of volatility and price depreciation in value.

This happens often in this immature market that has not yet reached the mainstream population.

Always invest the money you don’t need for your essentials like foods, rent, etc.

Where can you know more about Zcoin?

The project seems to be very active on different social networks and you can discover them on their website. They post frequently and this is healthy for the community and investors.

Do you prefer to invest in something that development is never-ending? I believe the answer is yes.

I invite you to visit their website.

Conclusion

Zcoin is a privacy coin you can use and feel proud about privacy. It is scary when you know on a public blockchain that everyone can track the movement of what you are doing. At least, Zcoin will help you enjoy this basic human right.

Imagine one instant to be in a country like China where you don’t have any freedom. You know that Zcoin you can also be used there with no tracking possibility.

What I find the most appealing are the masternode passive income and the possibility to mine it. This is the first crypto I intend to mine when I will build my GPU mining rig.

In the meantime, it is a project that I intend to follow!

Chesatochi.com - For the love of crypto

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Posted from my blog with SteemPress : https://chesatochi.com/zcoin-the-privacy-coin-with-an-awesome-profit-possibility/

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