PUT (PUTinCoin) Token Price & Latest Live Chart

What is PUT (PUTinCoin)?

PUTinCoin is a cryptocurrency initiative conceived to honor the Russian populace and its significant contributions to the global economy. This digital currency aims to bolster the burgeoning Russian economy, extend its influence to surrounding markets, and foster economic collaboration beyond its borders. As a decentralized entity, PUTinCoin embraces the dual consensus mechanisms of Proof-of-Work (PoW) and Proof-of-Stake (PoS), embodying a blend of security and efficiency in its operational framework. This hybrid consensus model not only ensures the integrity and security of transactions but also enables participants to engage in mining and staking activities, thereby contributing to the network's overall robustness and sustainability.

The inception of PUTinCoin also serves as a versatile tool for various economic activities. Whether it's for personal financial transactions, business operations, trading goods and services, or supporting social and open-source projects, PUTinCoin's flexibility makes it a valuable asset for a wide range of users globally. The infrastructure supporting PUTinCoin, including wallets, block explorers, and other services, is designed to be user-friendly and accessible from anywhere in the world, further emphasizing its global appeal.

At its core, PUTinCoin's technology is geared toward providing a secure and efficient means of conducting transactions. Leveraging the Scrypt algorithm, it ensures that all operations, from mining to coin transfer, are protected against unauthorized access and threats, thus safeguarding users' assets with high-grade encryption and anonymity. Moreover, the coin's decentralized nature means that it operates without a central point of control, eliminating single points of failure and enhancing the efficiency and accessibility of its services.

How does PUT (PUTinCoin) work?

The operational mechanics of PUTinCoin are underpinned by its innovative use of PoW and PoS consensus mechanisms. PoW contributes to the network's security, making it robust against attacks, while PoS offers a greener, more cost-effective alternative to traditional mining by allowing coin holders to stake their assets and earn rewards. This dual approach not only diversifies the methods through which participants can contribute to the network's security but also democratizes the earning potential, making it accessible to a broader audience without the need for expensive mining equipment.

Since its launch in 2016, the project has attracted a steadily growing fan base and underwent significant enhancements under a new development team in 2021. The introduction of PUTinCoin into the market was accompanied by a detailed technical specification and a comprehensive development roadmap. With an initial PoW phase capped at 10,000 blocks and a generous PoS interest rate of 25% per annum, the coin's structure is designed to incentivize early adoption and active participation. The technical specifications reveal a thoughtful balance between ensuring transaction affordability and limiting the supply to prevent inflation, with a total maximum supply of 90 billion coins, highlighting the project's long-term sustainability goals. The development of PUTinCoin is a testament to the collaborative spirit of the open-source community. 

PUT (PUTinCoin) market price & tokenomics

The tokenomics of PUTinCoin is structured around a comprehensive distribution model that aligns with its developmental and operational objectives. The premined funds, amounting to 20 billion coins, are allocated across several categories, including the development team, investors, marketing activities, and a portion set aside for burning to manage the supply actively. This strategic allocation is designed to support the project's growth, reward contributors, and ensure a steady increase in value and utility over time.

Source: PUT Whitepaper

As of now, PUT (PUTinCoin) is ranked #1611 by CoinMarketCap with market capitalization of $901,663 USD. The current circulating supply of PUT coins is 1,188,750,832.

Why do you invest in PUT (PUTinCoin)?

Investing in PUTinCoin represents a unique opportunity to be part of a project that not only has a strong cultural and economic foundation but also promises innovation and growth within the cryptocurrency landscape. The coin's flexibility, security features, and robust infrastructure make it an attractive option for a diverse range of investors. Furthermore, the commitment to decentralization and the project's transparent development roadmap reflects a sustainable approach to growth and value creation.

Is PUT (PUTinCoin) a good Investment?

Evaluating PUTinCoin as an investment requires considering its technological foundation, market potential, and the strategic vision outlined by its development team. The unique blend of PoW and PoS consensus mechanisms, combined with a comprehensive tokenomics strategy, positions PUTinCoin as a promising digital asset. However, like any investment, potential investors should conduct thorough research, consider market trends, and assess their risk tolerance.

Find out more about PUT (PUTinCoin):

• Homepage

• Explorer: PUTinCoin Block Explorer

• Whitepaper