When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of TagCoin.
Origin & Background
TagCoin (TAG) is a widespread rewards currency that can be used anywhere in the world. People can earn it, make transfers with it, exchange it or even receive interest on it. The cryptocurrency is completely decentralized and can be used within the TagCash online wallet platform. Tagcash, uses the blockchain of TAG which makes both the currency and the platform consistent.
Tagcash offers e-wallets that support numerous currencies and even closed loop currencies generated by companies for internal use. As the flow of Tagcoin increases and the services provided by Tagcash increases, the value of the currency increases as well.
TAG launched in November 2013 and comes from Makati in the Philippines. The cryptocurrency uses a proof-of-work (POW) and a proof-of-stake (POS) hybrid system. Also, it has a formation limit of about 3,000 coins a day.
When the company started, there were no pre-mined coins. This is generally a good sign. Moreover, the number of coins produced per block is different from the number of coins produced in the Bitcoin blockchain for instance. Rather than halving the number of coins every four years, TagCoin minimizes the number of coins by 1% every three months. This makes changes much more smooth and steady than for cryptocurrencies using the “halving-method”.
Additionally, there is a minimum block reward of three TagCoins so people are always encouraged to mine.
People can make immediate payments with TagCoins to any person around the world that also has a Tagcoin wallet. Users can earn coins through GPU mining or on Tagcash.com. The platform rewards users that pay bills or salaries, shares adverts on social media or makes use of its services.
People can also purchase Tagcoins on exchange platforms using the exchange that runs on the website and the mobile app. Users that already own some Tagcoins can even earn interest, today amounting to 5% per year. After the first 30 days of storing coins, every user can start earning Tagcoins every month.
Moreover, Tagcoin works with the operating systems of Windows, Mac, Linux and Ubuntu.
The people who mine and trade TagCoin today are typically (but not solely) from China.
If you have concluded that this is the coin for you, congratulations! Buy TagCoin here.