XIOS - A mineable, new privacy coin with staking
When the altcoin market's a bit bearish (which it is, it may be up a bit today but expect people to convert alts to BTC before the 25th) I like to go hunting among new non-ICO coins looking for diamonds in the rough.
Lately this is where I've been getting my biggest profits, getting them while they're low volume before they hit exchanges and the price goes up. It's riskier but there's a much better chance of you seeing large returns.
One coin I've found that I very much like the look of is XIOS. I downloaded the wallet expecting it to look how a shitcoin wallet looks and was pleasantly surprised to see something which took some real time and effort to create.
This coin has attributes that I like a lot
Firstly, it's a privacy coin, it has a 21 million cap (same as Bitcoin) and it has PoS and PoW. Yes, that's right, it's mineable with a low difficulty right now, so if you're into mining, why are you still reading this? Go mine it!
If like me you'd rather buy it and stake it, there's one exchange for now (that I'm aware of):
https://coinsmarkets.com/trade-BTC-XIOS.htm
This isn't a busy exchange to use but I managed to sign up and buy 218 XIOS on there and start staking them quite quickly, I'm expecting my first payout in 3 days.
It's up 34% (damn, now down for a bit aaaaaaaand it's up again, new coins are volatile with a huge spread lol) for the day and it's one of the busier coins on this exchange.
But as you can see, this exchange is tiny. However, the dev is actively working to get it on another, larger exchange.
With a new, bigger exchange will likely come a 24hr trade volume of at least 10,000 USD, which is the minimum to get listed on CoinMarketCap, once it's on there, well, let's just say a mineable and PoS privacy coin with a 21m cap is likely to be worth much more than it is currently.
I'm not the only one who looks for attributes like this coin has, this will probably have a big appeal for many. But for now it's still a wee 2 day old baby of a coin. I'll be Hodling my meagre 218 XIOS to see how this one goes. It's already gaining a small community of miners
It's surprising to me that an old-school, mineable coin like this flew under the radar a bit, but if it's not an airdrop or ICO it tends to go a bit unnoticed, but word's starting to get around, I hope this coin can do well. Now it's down to the dev and community to get it on exchanges, it's a great coin for newbie miners to look at if they don't want to buy and Hodl and a low priced coin to buy into and get a reasonable amount.
Edited to add website
Bitcointalk announcement thread
https://bitcointalk.org/index.php?topic=2251159.0
Dev's Twitter
Windows wallet
https://mega.nz/#!4PBnDbiR!HfL7ceTY8zIakQOJL1tI741Xp9dw9XwMfKw2RVy11y8
Mac wallet
https://mega.nz/#!8SJ00CoJ!SIHP9pJ16EYrIa6rEQKmU4mI73yC-Gtlz20vp2cmk-Y
Hey great post but i am new in this coin business and want a really clear explanation about my question. What does this coin differently to make it safer or more private? Some of my friends lost money on many coins, i find it hard to trust any of them. Thanks in advance!
I've not used the privacy feature yet (the coin's too new, I have nowhere to send them) but looking around the wallet it appears to mix them in-wallet, using the feature labelled "darksend".
As for safe, you can encrypt your wallet with a password and store the .dat file back-up somewhere where you can recover it.
If you're looking for a "safe investment" if that's what you mean, new altcoins ain't it. They are a lot more risky but have a much greater potential for high returns. If this coin goes to $30, which is not unrealistic, my 218 would be worth $6540. It's high(er) risk high rewards.
If you want a safer coin that's similar, try Dash or Zcash, but they are expensive to buy into and not free from risk either.
Yeah by safe i meant as investment and by secure i meant the encryption part. Told you i am a newbie :P
Thank you for your answer. I am kinda trying to make my portfolio as diverse as possible. I have short-medium-long term plans with btc, i am also eyeing some dirt cheap coins for low risk high reward kinda investments. Only thing i am not doing now is ICO which i plan to but with gazillions of new ICO's every months, it's getting harder and harder for us to learn about them :(
Anyways thanks for sharing this post and answering me :)
To be fair mate, I've only invested in two ICOs and made most of my profits by avoiding them. I'm not really a fan of most of them. I'm not saying they're all trash, far from it, just you don't need to go down that route to earn your first decent returns. You definitely will need to learn all you can about the ICO before putting any ETH in as there's some very dishonest chancers around.
No white paper. Coin doesn't seem to do anything. Website doesn't load.
Looks like another Amber. Mining difficulty went from zero to impossible in a very very short period meaning you can't really mine it anymore and someone got a HUGE bag of coins.
You can see it in the dumping.
img credz: pixabay.com
Nice, you got a 5.9% @minnowbooster upgoat, thanks to @purpleprose
Want a boost? Minnowbooster's got your back!
The @OriginalWorks bot has determined this post by @purpleprose to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
For more information, Click Here!
Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!