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March 23, 2017, 03:59:06 AM Last edit: March 24, 2017, 02:16:44 PM by ConCoins |
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Hello everyone,
First, this is not a announcement/launch, but a soft announcement as I have joined your community and I thank you all for allowing me to be apart of it.
We are excited to announce that we have a new cryptocurrency that we will be releasing soon. This new currency is called ConCoin.
ConCoin is the first cryptocurrency to be introduced and used within the United States prison system. We began work on ConCoin back in 2014.
Over the past 3 years, we have collected thousands of letters from inmates across the U.S. about who wanted to know more about cryptocurrency, as well as how well it works for them. We keep in constant communication with them as a way of gaining valuable insight and feedback so we can improve how ConCoin works.
We have offered the inmates who register for ConCoin 50 tokens that will be exchanged for coins (Premine) when we officially launch. We also have a referral program that offers 50 additional tokens for referrals to use ConCoin. During this pilot period, inmates have already been activity trading the tokens and reaching out to us to transfer them from inmate to inmate. This was something we did not plan for but found a way to do it for them. Somehow the inmate have created some kind of value for this system before it was officially launched.
In addition to keeping close contact with our inmate pilot users, we have also been in contact via phone and through letters with a few wardens and their staff across the country who praise the idea of ConCoin and believe that this cryptocurrency and the way we plan on introducing it to the prison system has merit. The prison that has shown the most interest is San Quentin State Prison.
Currently, we are working on a beta system that involves the installation of a computer system inside of a prison. This system will enable inmates to transfer the coins as well as to see the current prices. We have been talking to 3 prisons about this system.
ConCoin is already in 9 of the top 10 prisons in the U.S.:
– Rikers Island
– Louisiana State Penitentiary
– Leavenworth Federal Penitentiary
– Folsom State Prison
– Attica Correctional Facility
– San Quentin State Prison
– Sing Sing State Prison
– United States Penitentiary Marion
– Pelican Bay State Prison
This digital currency enables inmates across the country to transfer ConCoins between themselves within the prison walls as well as to other inmates throughout the United States prison system--all in just a matter of minutes.
Not only will ConCoin be of great benefit to inmates, it will also be of great benefit to those who manage and run prisons. For the first time ever, both the state Department of Corrections and the Federal Bureau of Prisons will be able to see the trail of money which passes through their prisons via blockchain technology.
When we officially launch ConCoin, there will be a total of 6,851,000 ConCoins made available to correctional facilities. This amount represents the correctional population in the United States at the end of 2014 – the year ConCoin was founded. By working with prisons across the nation, we plan to set up exclusive rights to ensure that ConCoin is the only allowed digital currency in prisons, making for a currency that’s not only strong in value, but also long-lasting and enduring.
To learn more about ConCoin, how it works, and when it will launch, visit concoin.com.
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