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VeriCoin price, market cap on Coin360 heatmap
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VeriCoin(VRC)

Change 24h
- 4.37%
Market Cap$2,049,562
Vol 24h $71,994
AlgorithmScrypt
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VRC was designed to reduce the PoW phase and enter PoST phase quickly. With a steady block reward and block time of sixty seconds, the PoW phase finished after the first few weeks of launch - 10/05/2014. The PoST interest rate is dynamic and depends on how much the coin is held and staked in the PoST. The dynamic interest rate is pegged at a sensible level of between 0-3% roughly. The PoST interest is gained through transaction fees which are also distributed to the Vericoin fund - to aid in development and promotion of the currency. There was no premine.

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