Elephant Launches elCoin Cryptocurrency
The Ethereum platform Elephant recently launched its Ethereum-based cryptocurrency, elCoin. The new digital currency is notable for being the first cryptocurrency using both blockchain and smart contract technology, and was released globally just in time for the New Year. The currency was designed to harness the power of the Ethereum platform in a user-friendly way that offers consumers a secure, real-time payment system that can meet the needs of online and brick and mortar businesses alike.
The elCoin provides a system that is programmed to provide interest rewards for users who complete a minimum of one transaction within the first 10 days after launch, and continued rewards will be paid out every ten days thereafter. Consumers using elCoin will have the opportunity to use their currency on websites that have partnered with the coin, and can trade them on a number of crypto exchanges.
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