What is HoboNickels Coin?
HoboNickels Coin is a cryptocurrency with a particularly short block time, which means that transactions can be carried out faster. The team at HoboNickels Coin is working to provide even shorter block times and wants to become one of the fastest cryptocurrencies ever. One is especially proud of the “Stake for Charity” function. It was launched on December 20, 2013, and has since traded under the symbol HBN on all relevant online cryptocurrency exchanges. There are currently 59,696,358 units of HoboNickels in circulation.
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Charitable engagement of HoboNickels Coin
The developers of HoboNickels are especially proud of their charitable work. So there is the implemented function “Stake for Charity”, which is pre-installed in every wallet . Thus, the user of the Wallet has the possibility of all new units of currency, which he gets as a stakeholder, a certain amount to transfer directly and without further costs to another account. Theoretically, the address of any public address that HoboNickels can receive could be entered here.
On their website, however, the team explicitly emphasizes the collaboration with the project “Songs of Love Foundation”. The project takes care of sick children, currently only in the US. With a donation personalized songs are recorded for the children, who should give the children strength and joy to accompany them through their illness. “Songs of Love Foundation” works with many well-known artists and was the first charitable organization for children, which has also received donations from crypto-currencies.
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Technical specifications and details of HoboNickels Coin
HoboNickels is based on the Scrypt algorithm. It offers the possibility to generate additional coins through the classic mining, ie the use of computing power, as well as through the proof of stake procedure. Here, users of the HoboNickel Coin currency receive a certain percentage of the return if they hold shares of the cryptocurrency in their wallets. It’s a little bit like the interest you get on a savings account.
HoboNickels has a block time of 2 minutes. This is the time interval needed to dig a new block and chain it to the blockchain . This affects about the time it takes to complete a transaction. With 2 minutes, HoboNickels is about five times faster than Bitcoin . Wallets are currently available for Windows, Linux and Mac.
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What is the current market capitalization of HoboNickel’s Coin?
The launch of the cryptocurrency HoboNickels took place on 20 December 2013. At that time, a pro-coin equivalent of $ 0.077621 (USD) could be generated, thus achieving a market capitalization of $ 167,475. In the first six months, the currency was exposed to strong volatility and collapsed completely in January 2015, about a year after its market launch. From this low HoboNickels could only recover in June 2017, when the course suddenly rose again. Since then, a steady increase has been recorded, which continues today. On December 18, 2017, HoboNickels reached a pro-coin value of $ 0.017601 and realized a market value of $ 1,050,740.