Terra Nova Coin Reviewed

in #terra7 years ago (edited)

First off this is not Terra Coin. It uses the algorithm, Scrypt. It's proof of stake. 56 coins per block reward. There are ‎15733333 coins. As of this post no youtube videos, no interviews with the creator. I'm sure they'll turn up very soon. The wallet doesn't sync. It's only available on a few coin exchange sites. None of the bigger sites like Bitfinex, Bittrex, Poloniex. It's still in the process of showing up across the internet.

Source
Website
Slack

Algo: sha256d
Difficulty: 743,886,000
Confirmations: 100
Hashrate: 0.00 KH/s
Price: 0.00004601 btc
Stratum Ports
stratum+tcp://ispace.co.uk:

Z Pool Mining
Mining

The entry price is incredibly high, over $4,000! People say it's a pump and dump. I have another theory. I think it's some big company, or crazy rich guy testing the market. Like Ripple it has a massive financial backing. But like Ripple, you would not want to put a penny into it.

terracoin.png

Yes that is my conclusion. DO NOT buy this coin. I won't even tell you how. This sucker will plummet in value per day that goes on. When I mean plummet. I mean well over 100% a day. Edit: It's down to 10 cents. Let that be a lesson. New coins are worthless until a decent amount of time has gone by. Preferably a week. That means you'll miss a pump and dump, but it's a much safer position in this very new market.

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