MaxCoin, the new crypto currency founded by Max Keiser will launch on February 5 and it has a good chance of crossing $20 million in market cap its first month of mining.
With over 88 altcoins listed on Coin Market Cap, it’s getting tougher to find the winners, but MaxCoin really stands out and here is why.
MaxKeiserTV has 39K subscribers. His “personal” twitter handle has close to 91K followers and the Maxcoin “official” twitter handle has 4.2K followers. Pretty impressive for a coin that hasn’t launched yet!
The MaxCoin reddit has 30 subscribers, that may not sound impressive, but consider that NXT coin only has 52 subscribers but commands a market cap over $60 million and you start to see why I am excited.
Also re: mining and keeping it fair for all:
MaxCoin’s mining difficulty will be retargeted using the kimoto gravity well algorithm. Recently, the Dogecoin developers have been thinking of retargeting this way as well.
The advantage of Kimoto is that it changes how the difficulty readjustment works so that the difficulty is adjusted after every single block that is mined on the network.
Basically, it supposedly won’t let miners take advantage by throwing tons of computer equipments towards mining MaxCoin, thus creating a fair mining atmosphere.
In addition to all of the above, this may be the first time a coin will be traded on an actual exchange the first day it is mined. Coins-E has already announced it will start trading MaxCoin February 5. This in and of itself is pretty big news, considering many coins are still traded on public google spreadsheets.
MaxCoin at $20 million doesn’t sound so crazy, does it?
Good luck everyone!