I have seen VIVA coin before, but I don't understand what are the benefits of cryptocurrency that is controlled by a group of people (crownholders)? Seems more like a fiat currency on top of a blockchain.
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This system is avoiding the PoS or PoW problem, replacing it with a proof of Authority. Don't need to spend MWh to produce money. VIVAcoin is also offering a range of new jobs linked to the new economic system. Have a look to the white paper
http://vivaco.in
Thank you for a link, will have a look at this new currency. Looks a bit like VISA logo, don't you think?
Come join our Rocket chat channel for more information and clarification. https://chat.vivaco.in/home
Or check out this post- there is a link to acess the whitepaper at the end of the post.
https://steemit.com/vivacoin/@dennishlewis/welcome-to-the-vivaconomy-full-viva-white-paper
:)
The crownholders vote on the supply of Viva Coin entering the Vivaconomy. The goal is to keep Viva coin at $5.50 +/- 10%. This allows for speculators to make a little money if they so desire ON VIVA COIN. However, the average user will use what is called vX. It's essentially Viva Currency pegged to 1 of your nation's currency. The X in vX can be substituted for your currency. For example; vUSD, vMXN, or vGBP. The average person has no desire to use cryptocurrency because it fluctuates too greatly(Seen Bitcoin lately?). Viva is creating a stable currency the average person can hold onto and use in their everyday life without fear of it dropping massively in value. I hope that helps.
According to my understanding Viva coin holders will be able to request a Mastercard debit card to spend their coins everywhere. They will also receive interest income if transfer all or part of their coins to the saving wallet. Cool!