DAOstack GEN Price Chart, Market Data, and Coin Information

Live DAOstack prices from all markets and GEN coin market Capitalization. Stay up to date with the latest DAOstack price movements and discussion. Check out our snapshot charts and see when there is an opportunity to buy or sell DAOstack

Coin Price

BTC 0.00007822
USD

0.58

Market Capitalization

USD

19,245,717

Change % (1H)

%

3.64

Change % (24H)

%

1.41

DAOstack (GEN) Price Chart, Coin Value, Market Cap & Trading Volume Graph

Basic Information

Genstake is about trying something different with staking. Staking was designed originally to yield a percentage of a coinholder's total coins over time, every year, in exchange for supporting the network. Developers walk a fine line between coding high interest percentages to entice holders to stake to support the network while trying to keep the interest percentages low enough that inflation doesn't kill the coin. People have become accustomed to 'Mining Periods' of hyper inflation where the initial coinbase is established, after which mining becomes impossible and the network relies entirely on holders to stake in order to maintain the network and process transactions.

Genstake aims to change all that. With Genstake, staking blocks doesn't give you interest on the coins you already have; staking blocks gives you a full block reward. Effectively, each of your coins becomes a little mining rig on the network, working diligently to mine you more coins. Gone are the days of 0.02 coins for staking a block. Staking a block with Genstake produces 20 Gencoins.

Genesis Date: 2015-03-06

Website URL:: http://genstake.com/

Market CapUSD 19,245,717Volume 24HUSD 121,135
Current Mkt. Share0.01 %Available Supply33,378,282
Change % (1H)3.64 %Max Coin Supply0
Change % (24H)1.41 %Total Coin Supply60,000,000
Change % (7D)-23.98 %ProofPoW/PoS
AlgorithmScryptUpated: 3 minutes ago
DateCoin PriceVolume