Ohmcoin (OHMC)

Ohmcoin, with ticker OHMC, is a fast and efficient cryptocurrency designed for decentralized crowdfunding. It aims to offer a platform that supports fundraising without censorship and does not take a percentage of the crowdfunded donations. The development team behind Ohmcoin is working on implementing smart contracts and functions to facilitate this decentralized and independent crowdfunding system. One of the key features of Ohmcoin is the community vote, which allows karmanode holders to decide on the acceptance of campaigns, removing centralized control and potential abuse of power.

Ohmcoin is built on crowdfunding freedom, where any central authority does not control campaigns but is instead decided upon through a network vote. The development team is also introducing karmanodes as an integral part of the Ohmcoin network’s decentralized services. Karmanodes will play a crucial role in functions such as decentralized crowdfunding websites and voting on crowdfunding requests. Stakeholders who create new Ohmcoin and pay karmanodes that donate to campaigns will be rewarded with an increase in staking weight as a token of appreciation for their support and contribution to the network.

Ohmcoin offers various benefits to its users, including the opportunity to earn rewards through staking or hosting a karmanode. Staking Ohmcoin is a simple way to earn rewards, requiring a constant internet connection, a computer with sufficient RAM, and an encrypted wallet. Users can receive staking rewards by leaving the wallet open and the computer running. Alternatively, users can support the Ohmcoin network by setting up a karmanode. This involves having a password-protected wallet with a certain amount of Ohmcoin available, root access to a Linux VPS, and following specific setup and security procedures. Setting up a karmanode allows users to earn rewards while helping process transactions on the Ohmcoin network.