42-coin
42 Price
42-coin offers extreme digital scarcity, making it a unique collectible in the cryptocurrency world. More
| Fully Diluted Valuation | $3.39M |
|---|---|
| 24H Trading Volume | $92 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 42.00 |
| Total Supply | 42.00 |
| Max Supply | 0.00 |
| Categories | Solana Ecosystem 1 more |
|---|---|
| Founder | Anonymous |
| Website | 42-coin.org |
| Socials | 1 more |
| Chains | Binance-smart-chain Ecosystem 1 more |
| Explorer | Bscscan 4 more |
| Contracts |
0x73c....daff2
1 more
|
| Name | Pair | OG Score |
|---|
In the vast and often tumultuous sea of cryptocurrencies, 42-coin (42) stands out not just for its name, which nods to the famed "answer to life, the universe, and everything" from Douglas Adams' The Hitchhiker's Guide to the Galaxy, but also for its design and economic philosophy. Here's an exploration into the unique world of 42-coin:
Project Overview:
42-coin was launched with the intention of creating an asset of extreme scarcity. Unlike most cryptocurrencies that aim for widespread circulation or utility, 42-coin's approach is markedly different:
Limited Supply: The total supply of 42-coin is capped at only 42 coins. This makes it one of the rarest cryptocurrencies in existence, pushing the concept of digital scarcity to its limits.
Emission and Distribution: All 42 coins were distributed during a mining phase that occurred between 2014 and 2016, ensuring there was no pre-mine or instant mine, which are controversial practices in crypto where a portion of coins is allocated before public mining begins.
Hybrid Consensus: 42-coin employs a hybrid of Proof of Work (PoW) and Proof of Stake (PoS) for its consensus mechanism. This allows for both the security of PoW and the energy efficiency of PoS, though details on how these are balanced are not widely publicized.
Transaction Privacy: It supports both public and private transactions, offering users some level of anonymity, which is a feature not commonly found in such a limited-supply cryptocurrency.
Use Cases:
Store of Value: Given its extreme rarity, 42-coin could be seen as a digital equivalent to rare collectibles or art, where value might be derived more from scarcity than utility.
Speculative Investment: Its limited supply naturally draws those interested in speculative investments, where the value could potentially increase due to the basic economic principle of supply and demand.
Novelty and Cultural Appeal: The coin's name and limited supply make it a curiosity, appealing to fans of Douglas Adams, collectors, or those who appreciate the humor and uniqueness in the crypto space.
Community and Development:
While there might not be extensive public information on the current development or community activities surrounding 42-coin, its creation has sparked interest and discussions around the concept of digital scarcity and the potential for cryptocurrencies to serve as more than just mediums of exchange or units of account.
42-coin is unique due to its extreme scarcity, with only 42 coins ever being created, embodying digital rarity.
The founder of 42-coin is known by the pseudonym hendo420, with little further public information available.
PancakeSwap (v2), Raydium, Pancakeswap V3 (BSC)
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like 42-coin 42. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of 42-coin (42) is ($41), max supply of 42-coin 42 is ($0) and the market cap of 42-coin 42 is ($3,393,540).
What is the 42-coin (42) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of 42-coin (42) is $80,799. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether 42-coin (42) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (42-coin 42) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does 42-coin (42) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether 42-coin (42) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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