AsiaCoin (AC)

AsiaCoin (AC) is a cryptocurrency committed to promoting the use of digital assets in Asia and worldwide. With a focus on financial innovation, the AsiaCoin Foundation and its community strive to advance the mainstream adoption of crypto-currencies. Powered by the Scrypt algorithm, AsiaCoin utilizes a combination of Proof of Work (PoW) and Proof of Stake (PoS) mechanisms to secure its network. The symbol for AsiaCoin is AC, and its block time is 60 seconds.

During its PoW phase, AsiaCoin rewarded miners with 10,000 AC per block. As the network transitions into the PoS phase, staking rates start at 100% annually and gradually decrease to 1% annually over three years. Users must wait at least 14 days for their stake to mature to participate in staking. The minimum transaction fee for AsiaCoin is set at 0.001 AC.

AsiaCoin’s maximum coin supply is set to reach 336,394,784 AC after 10 years and 823,707,260 AC after 100 years. The initial distribution of the coin was through a two-week PoW period, eliminating any initial coin offering (IPO) and pre-mining. The development team provides ongoing updates to the source code, with the current version being v2.0. To store and transact with AsiaCoin, users can download the AC wallet for different platforms, including Windows, Mac OS X, and Linux.