What is Bare Coin (BARE) - An Introductory Earning Guide

By msimyunn | crypto saving | 15 Jan 2020

Disclaimer: I am not a financial adviser, so please do your own research in making financial decisions. Also this post contains referral links, I am not obliging anyone to sign-up with them.

What is Bare Coin (BARE)?

According to its own website, "BARE coin is created for using on our BARE platform which is a service for adult content." It promises "not trying to replace our favorite porn sites. It is created for consumers to get exactly what they want by sharing a request for it that can be payed collectively or individually with BARE COIN."

Why this Coin is Promising?

Apparently, adult content industry traffic has an edge with respect to traffic compare to other online industry. According to a research conducted in 2015, it "surveyed usage data pulled from Google’s DoubleClick Ad Planner" for most adult content or adult entertainment site and has discovered that web serves up 4.4 billion page views per month". Another research in 2017 shows that in 2001 alone, adult content is already a $97 billion industry. "And the x-rated industry makes up 69% of pay-per-view internet content, and 1 in 5 mobile searches are for this adult material."

And with this industry, personal data is usually kept secret by the users, and with the help of cryptocurrency more users could be reliant on personal data security. That is why Bare coin could be promising and with the coin's features of anonymity for content creators, will be use on bare platform, low inflation and masternode. Bare coin has a use case.

Staking

Staking BARE can easily be done in stackofstake. In stackofstake, which the simpliest, staker only needs to deposit BARE and it will start earning.

Masternode

Masternode requires advance knowleadge, and payments too, because setting up a mastrernode requires a virtual private server. See bare coin official masternode setup for more information.

Rewards Information

Below is block information guide taken from the Bare Coin website.

Block Reward MN Staking 1 - 500 0.2 500-20000 (14 days) 0.35 0.2975 0.0525 20000-40000 (14 days) 0.4 0.34 0.06 40000-60000 (14 days) 0.5 0.425 0.075 60000-80000 (14 days) 0.6 0.51 0.09 80000-120000 (28 days) 0.7 0.595 0.105 120000-160000 (28 days) 0.8 0.68 0.12 160000-200000 (28 days) 0.9 0.765 0.135 200000-260000 (42 days) 1 0.85 0.15 260000-340000 (56 days) (active now) 1.1 0.935 0.165 340000-400000 (42 days) 1.15 0.9775 0.1725 end supply on block 400000 ~384,924.8 BARE ~384,924.8 BARE

Start of BARE v2.0

release of new chain
in wallet swap
block 0-250, premine (385000 BARE for in wallet swap)
new reward ratio: 70% MN/30% POS

Block Reward MN Staking 251 - 500,000 (~1 year) 1.00000000 0.70000000 ~0.30000000 500,001 - 1,000,000 (~1 year) 0.50000000 0.35000000 ~0.15000000 1,000,001 - 1,500,000 (~1 year) 0.25000000 0.17500000 ~0.07500000 1,500,001 - 2,000,000 (~1 year) 0.12500000 0.08750000 ~0.03750000 2,000,001 - 2,500,000 (~1 year) 0.06250000 0.04375000 ~0.01875000 2,500,001 - 3,000,000 (~1 year) 0.03125000 0.02187500 ~0.00937500 3,000,001 - 4,000,000 (~2 year) 0.01562500 0.01093750 ~0.00468750 4,000,001 - 5,000,000 (~2 year) 0.00781250 0.00546875 ~0.00234375 5,000,001 - 6,000,000 (~2 year) 0.00390625 0.00273438 ~0.00117188 6,000,001 - 7,000,000 (~2 year) 0.00195313 0.00136719 ~0.00058594 7,000,001 - 8,000,000 (~2 year) 0.00097656 0.00068359 ~0.00029297 8,000,001 - 9,000,000 (~2 year) 0.00048828 0.00034180 ~0.00014648 9,000,001 - 10,000,000 (~2 year) 0.00024414 0.00017090 ~0.00007324 10,000,001 - 11,000,000 (~2 year) 0.00012207 0.00008545 ~0.00003662 from 11,000,001 0.00006104 0.00004272 ~0.00001831 supply on block 11,000,000 ~1,400,252.9 BARE

Where to trade Bare Coin?

Bare Coin (BARE) available in Crex24.