Thundercore coin: A proof of stake coin for game developers rewarding users for leasing their coins to secure thundercore network
Thundercore coin: A proof of stake coin for game developers rewarding users for leasing their coins to secure thundercore network

By quintomudigo | cryptoforex street | 24 Oct 2019




thundercore.png  

Thundercore coin is a native cryptocurrency of the thundercore blockchain platform  created on the Thundercore blockchain network platform and is compatible to ethereum virtual machine and whose transaction takes place from one peer to another without involvement by the government thus is being considered to be a decentralized asset.As a native coin of the Thundercore blockchain, Thundercore coin was created to be used to pay for transaction for sending Thundercore coin to other users as well as to enable different developers to use it to pay for the fees for running their Dapps on the Thundercore platform. Developers of different Dapps can also use the Thundercore coin to create and issue the tokens of their Dapps on the Thundercore blockchain thus those tokens can serve the purpose based on the usage of the Dapps.Thundercore will also enable users of different tokens created and issued on the platform to be able to swap those tokens to Thundercore coin. Since Thundercore is a proof of stake coin, users of the platform can lease the Thundercore coin to the thundercore staking pool for a given period of time after which they will receive reward from the new coin minted as well as from the transaction fees charged. Furthermore, thundercore was mainly created to target the game developers.

  Thundercore transaction 

Thundercore transaction takes place on the Thundercore blockchain explorer based on block height and timestamp.  Here is a view of the Thundercore transaction;  

  thundercore transaction.png  

    To view how the transaction takes place on the Thundercore blockchain, you can follow the link below;

https://scan.thundercore.com  

  Date Launched

  Thundercore coin project was created in 2017 but was fully launched in 2018 with the main objective of targeting game developers to build Dapps games on the thundercore network that was to benefit the community of those games.

Founder Of Thundercore coin

Thundercore coin was created by Chris Wang who is a former google employee and a silicon valley based computer technologist. His main objective was to help game developers to be able to create different games Dapps on the thundercore blockchain and use the coin to pay for transaction of their Dapps on the thundercore network as well as to use the thundercore coin to create and issue the token of their Dapps on the thundercore platform.

Process of creating Thundercore coin  

 

Unlike cryptocurrencies like bitcoin and Ethereum which are released through the mining process using power supply and internet using the proof-of-work consensus, for Thundercore coin, that is not the case.  Instead, Thundercore coin was created to become a proof of stake coin.During its launch, some amount of around 7 billion  coins were released and distributed accordingly while the remaining 3 billion coins will be released through staking to community members and to committee nodes. Since Thundercore is still in its early stage no election of committee members can take place since no one is willing to run the committee node because of little reward. Instead, there is thundercore staking pool where individual can lease their coin to the thundercore staking pool who will use those coins to run the committee node thus validating any block transaction being added to the network as well as using those coins to secure the thundercore network.As a staker, the more coins you lease to the thundercore staking pool the more reward you will receive.You can lease your coin to the thundercore staking pool for a period ranging between 1 day to one year. The less period you lease your coin the less reward you will receive while the longer the period you lease your coin the more reward you will receive. The reward will range from 3.7% to 30% the whole year. The reward will constitute of the new coin added to the thundercore network as well as the fees charged for running Dapps and for transferring issued and created tokens of different Dapps as well as Thundercore coin from one smart contract address to another.Here is how the reward process looks like;

  thundercore staking.png    

  If you want to take part in leasing your coins to the thundercore staking pool so that they can use your coins to secure the network and to verify the transactions taking place on the thundercore network, then you can join from below;  

https://staking.thundercore.com/  

Maximum circulation of Thundercore coin

  According to thundercore tokenomics,the maximum amount of thundercore that should be circulating in thundercore blockchain network should be capped at 10 billion coins. During its launched, 2.6 billion coins were issued to early contributors through initial exchange offering while another 1.5 billion coin to advisors and team members. Another 1 billion coin was set aside to reward developers of several Dapps on the thundercore network while another 1.9 billion coin was set aside for token treasury. Another 1.5 billion coin was set aside for committee incentive while the remaining 1.5 billion coin for community incentive reward program. Here is how the supply distribution of thundercore coin looks like;

thundercore supply.png  

Thundercore Price

Currently, 1 Thundercore  is worth more than $0.006 and its price is expected to increase over the next period of time. Thundercore is being abbreviated as  TT.

  Converting my Thundercore  to other cryptocurrencies

To convert your Thundercore coin to other cryptocurrencies such as bitcoin and Ethereum, you need to have a cryptocurrency exchange account. If you don't own one then you can follow the link to open a cryptocurrency exchange account for easy conversion of your Thundercore coin to Bitcoin or Ethereum. Here is a list of exchanges where you can easily exchange your Thundercore coin to your favorite cryptocurrencies;

  https://www.hbg.com/en-us/ 

 https://www.hotbit.io/

https://bilaxy.com  

https://bitsquare.io/ 

 https://godex.io/

https://crex24.com    

Storing my Thundercore

To store your Thundercore, you need a Thundercore wallet. You can either store online or offline. To store your Thundercore online, you can either use metamask or can download thundercore hub for android or IOS. To securely store your Thundercore offline from being stolen by hackers, you can use Ledger Nano wallet.

Transferring my  Thundercore to other Users

If you want to transfer your Thundercore to another user, the two of you must have trust in each other. The trust should be the thundercore address provided for by the receiver while the sender must have the Thundercore balance in their account to send to the receiver. For the sender, a blank space to insert the receiver address and another blank space to insert the amount to send to the receiver is indicated. Here is how it looks like;  

thundercore sender.png  

 

Knowing more About Thundercore

If you feel that you need to learn more about Thundercore, then you can follow them on their site. Here is the link redirecting you to Thundercore platform website

  https://www.thundercore.com/  

You can as well read their white paper to learn more about their idea from below

https://docs.thundercore.com/thunder-whitepaper.pdf  

You can also join as a community member in any of their social media platform from below to follow the discussion made by other community members;

Telegram:https://t.me/thunder_official

twitter:https://twitter.com/ThunderProtocol

Reddit:https://www.reddit.com/r/thunder_official/

discordapp:https://discordapp.com/invite/5EbxXfw

facebook:https://www.facebook.com/pg/ThunderCoreTW/posts/

medium:https://medium.com/thundercore

Now that you know, I think that it is time for you to start earning some Thundercore coin by simply staking them on  the thundercore staking pool  to secure the network. The more your staking the more your reward.If you feel that we should also own some Thundercore coin for simply helping you know about it then here is our Thundercore address;  

0x92e6d8fcb305bb549074b2901bb526bab8813528


quintomudigo
quintomudigo

Trader, Blockchain Technologist and Contentpreneur. Also founder and CEO @ Teacher Forex School.


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