Bolivarcoin (BOLI) is a decentralized cryptocurrency designed to address Venezuela's economic issues, offering an alternative to the hyperinflated national currency. More
| Fully Diluted Valuation | $15,825 |
|---|---|
| 24H Trading Volume | $2 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 20.42 M |
| Total Supply | 20.42 M |
| Max Supply | 25.00 M |
| Categories | Masternodes 2 more |
|---|---|
| Founder | Anonymous |
| Website | bolis.info |
| Socials | 3 more |
| Explorer | Cryptoid |
| Name | Pair | OG Score |
|---|
Bolivarcoin is a cryptocurrency created to help address economic challenges in Venezuela. Here’s a simple breakdown of its main features:
Decentralized Network
Bolivarcoin works on a peer-to-peer blockchain system, meaning no single authority controls it. This setup helps make transactions transparent and secure.
Mining Process
The coin uses a Proof-of-Work (PoW) method with the X11 hashing algorithm. This means users can mine new BOLI tokens by solving complex mathematical problems.
Purpose
Bolivarcoin was designed as an alternative to Venezuela’s national currency, the Bolivar. It aims to provide a more stable option in a country facing economic instability and hyperinflation.
Tokenomics
There is a fixed maximum supply of Bolivarcoin tokens. By capping the total number of tokens, the system aims to help control inflation within its ecosystem.
Adoption
While Bolivarcoin is intended for use in Venezuela, its acceptance as a means of payment or investment can vary. Its success depends on how widely it is adopted by users and businesses.
Security and Transactions
Transactions with Bolivarcoin are secured by cryptography, ensuring that transfers are both fast and low-cost compared to traditional financial systems.
Community and Development
Like many cryptocurrencies, Bolivarcoin relies on community support and continuous development. Its future success depends on building trust and integrating well into local and global economies.
In summary, Bolivarcoin is a digital currency aimed at providing an economic alternative in Venezuela by leveraging blockchain technology and a decentralized network.
Bolivarcoin is unique because it targets Venezuela's economic challenges by using a decentralized blockchain network and a capped token supply to help mitigate hyperinflation. Its use of a Proof-of-Work system with the X11 hashing algorithm further distinguishes it from other cryptocurrencies.
The founders of Bolivarcoin have not been widely publicized.
There is limited public information regarding the backers or investors of Bolivarcoin, emphasizing its community-driven and decentralized nature.
Komodo Wallet
