In a world where privacy is increasingly at risk, Anoncoin (ANC) emerges as a beacon of hope for those who value their anonymity. Launched in 2013, Anoncoin is a unique and decentralized peer-to-peer cryptocurrency designed to offer unparalleled security and privacy. With built-in support for I2P and Tor networks, Anoncoin ensures that transactions are not only secure but also untraceable, safeguarding users from prying eyes. As the digital landscape evolves, so too does the need for a robust means of protecting personal finance. Discover how Anoncoin is setting new standards in the realm of anonymous transactions and what makes it stand out in the ever-expanding world of cryptocurrencies.
What is Anoncoin?
Anoncoin (ANC) is a cryptocurrency that users can generate through the process of mining. It has a current supply of 2,110,316.862 with none in circulation. The last known price of Anoncoin is $0.05476 USD, showing a decrease of -4.55% over the last 24 hours. It is currently trading on one active market with $499.67 traded over the last 24 hours. More information can be found at Anoncoin's official website.
Coin Statistics
- Current Price: $0.0548
- Market Cap: $0.00
- 24h Price Change: -4.39%
- 7d Price Change: -5.66%
- 30d Price Change: 49.38%
- 24h High: $0.0577
- 24h Low: $0.0521
- All-Time High: $12.9317 (2013-12-02)
- All-Time Low: $0.0040 (2022-12-22)
- Circulating Supply: 0.00
- Total Supply: 2,110,316.86
Purpose and Utility of Anoncoin
Solving Privacy Issues
Anoncoin is a unique and decentralized peer-to-peer cryptocurrency that provides impressive privacy and complete anonymity. It is I2P and Tor compatible, making it resistant to crackdowns from authorities. The token aims to solve the problem of privacy and anonymity in cryptocurrency transactions, which are often transparent and traceable. By using Anoncoin, users can ensure that their transactions remain private and untraceable, providing a higher level of security and anonymity compared to other cryptocurrencies.
Functionality Within Its Ecosystem
Anoncoin functions within its ecosystem by enabling seamless, secure, swift, and anonymous transactions of cryptocurrencies. It is a mixed fork of both Bitcoin and ZClassic tokens, using zk-SNARK, which was adopted by ZClassic token. This technology allows for anonymous transactions, providing value to users who prioritize privacy and anonymity in their cryptocurrency transactions.
Unique Features and Benefits
The purpose and utility of the Anoncoin crypto token are to provide privacy and anonymity for its users in financial transactions. Anoncoin is a peer-to-peer proof-of-work cryptocurrency that was launched in 2013 with built-in support for I2P and Tor, allowing users to maintain their anonymity. This sets it apart from other tokens as it aims to rectify the problem of trackable linkages in the blockchain, making it difficult for anyone, including internet service providers, to determine where the Anoncoin client is being run.
Key Features:
- Anonymity-Focused Design: Achieved through the integration of I2P and Tor networks.
- Transparent and Fair Initial Coin Distribution: Maintains proper liquidity of the token.
- Low Fees and Fast Transaction Times: Enhances user experience.
- Secure Network: Ensures the safety of transactions.
- Growth Potential and Enduring Value: Makes it a worthwhile investment.
Tokenomics and Distribution Model
Total Token Supply
The Anoncoin (ANC) tokenomics and distribution model involve the allocation and disbursement of tokens among various participants and stakeholders in the Anoncoin project. The total token supply is not explicitly stated in the provided sources, but the Anoncoin price is mentioned as $0.03. The market capitalization of Anoncoin is $11,294,637.58 USD, which can be used to estimate the total token supply.
Distribution Model
The distribution model of Anoncoin includes various elements:
- Tokenomics: Defines the economic model of the Anoncoin token, including its utility, governance mechanisms, and token distribution.
- Allocation: The total token supply is divided among various stakeholders like the founding team, advisors, community, and public sales. The allocation of tokens must align with the project's long-term goals.
- Vesting Schedule: Ensures long-term commitment from the team and advisors by defining when and how allocated tokens become available for sale, often after a 'cliff' period, followed by gradual release.
- Distribution Mechanisms: Anoncoin tokens are dispersed to stakeholders using various methods, such as airdrops, Initial DEX Offerings, Security Token Offerings, and reward mechanisms like mining and staking. Each method has pros, cons, and regulatory implications, so careful consideration is needed.
- Transparency and Compliance: The token distribution of Anoncoin is lawful and transparent, with legal consultations and community transparency in every distribution step.
Inflation Control Mechanisms
Anoncoin does not have any explicit token burning or staking rewards mechanisms in place to control inflation. However, the block reward distribution schedule is designed to halve every 638 days, which can help to control inflation over time.
The Team Behind Anoncoin
Core Team Members
The Anoncoin crypto token is developed by a team of four active developers who have a long history of working on internet privacy issues. The team includes the creators of the non-profit organization Privacy Solutions and contributors to the I2P project, demonstrating their expertise in privacy-enhancing technologies.
Notable Advisors and Partners
While specific names and detailed backgrounds of the team members are not provided in the search results, it is clear that they have a strong focus on privacy and anonymity, which is reflected in the features of the Anoncoin cryptocurrency. The team has implemented built-in support for the I2P darknet and Tor network, which makes it impossible to determine the IP address of the user, and is working on integrating Zerocoin to allow for anonymous payments without revealing public addresses.
Track Record and Expertise
The Anoncoin developers have demonstrated their ability to execute on their vision and deliver on their roadmap by consistently releasing updates and new features for the cryptocurrency. For example, they have added built-in support for the I2P darknet and Tor network, which makes it impossible for anyone to determine where the Anoncoin client is being run. They have also implemented a hardfork at block 871111, changing the proof-of-work algorithm from Scrypt to GOST R 34.11-2012, which fixed issues with some mined blocks not being accepted and allowed for more equitable mining.
In addition to their technical expertise, the Anoncoin team has shown a commitment to community
