What is Exclusive Coin? Exclusive Coin is a cryptocurrency that enables fast, open-source transactions with low transaction fees. In this article, you can find answers to questions such as what is Exclusive Coin, what it offers, what is EXCL, what is it, how to get it. cryptocoin.com we have prepared for you.
What is Exclusive Coin?
Exclusive Coin was launched in 2014 as a Bitcoin-like cryptocurrency. The token is one of the first privacy-focused assets on the market. Just like Monero, it allows users to anonymize their transactions. Anonymous transactions are private transactions that cannot be tracked by the government, company or individuals. However, EXCL works pretty quickly. However, the transaction fees paid for it are quite low. It operates as a highly decentralized and open source network. It also exists as a limited number of masternode-based platform in the market. The platform also has a native cryptocurrency called EXCL.
What does Exclusive Coin offer?
Exclusive Coin is one of the few masternode platforms. This means it uses a computer wallet to run the blockchain and transmit blocks. Moreover, masternodes provide an additional layer of security and speed. From Exclusive Coin wallets, users can purchase EXCL directly and benefit from the local mixing feature. Local shuffling provides additional privacy and anonymity by shuffling the assets in the user’s wallet. It does this through the DarkSend protocol. Additionally, the network uses the oldest Proof-of-Stake consensus mechanism in the crypto space.
What is EXCL? What does it do?
EXCL coin is the native cryptocurrency of the Exclusive Coin project. The history of this altcoin, which has various use cases, is quite old. EXCL has quite a number of use cases. First, cryptocurrency allows for transactions in a completely anonymous form. It also works extremely fast with very low transaction fees. With EXCL, transactions on the network are verified with block times of 60 seconds.
However, EXCL can be staked as the network uses the Proof-of-Stake mechanism. EXCL staking means users lock their tokens with a certain expiry date. In this method, when the maturity expires, users will receive additional EXCL token rewards. The amount of rewards varies depending on how many assets the user has locked. Finally, EXCL holders can participate in the DAO to ensure the decentralization of the network.
What is Exclusive Coin? How to get EXCL?
Investors interested in Exclusive Coin must access an exchange where the token is listed to purchase EXCL. EXCL is currently traded on cryptocurrency exchanges such as Bittrex, CryptoBridge, OpenLedger, Upbit. Investors must become a member of one of these exchanges and verify the account they have created. Then, they can buy the token by depositing an asset in their wallets in accordance with EXCL parities.
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