NeuCoin

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Neucoin
Neucoin wallet on Windows
Neucoin 1.1.0 on Windows
Initial releaseSeptember 23, 2015; 3 years ago (2015-09-23)
Stable release
1.1.1 / October 22, 2015; 3 years ago (2015-10-22)
Repository Edit this at Wikidata
Available inCryptocurrency
LicenseMIT Licence
Websitewww.neucoin.org

NeuCoin was a Paris-based cryptocurrency announced in February 2015 by Daniel Kaufman.[1] It is a fork from Peercoin[2] and is thus a proof-of-stake (POS) coin that pays interest as it is staked. Neucoin was pitched to investors as a solution developed for the market of micropayments.[3] NeuCoin raised $1.25 million from venture capital and angel funds.[1][4] The project further raised 4,012 Bitcoin from retail investors in an ICO.[5][6]

The NeuCoin team consisted of Daniel Kaufman, Johan Sandstorm, Ophélie Pubellier, Scott Walker, and Sandrine Ayral.[7]

The currency was launched on September 23, 2015. The currency had a team of ten founders of backgrounds in various industries, as well as a million dollars in investment from angel investors.[8] In December 2015, NeuCoin launched a tipping platform on the internet radio service Jango and a Facebook game called Solitaire Racer. In September 2016, NeuCoin launched a second Facebook game called SongQuest.

On 25 November 2016, NeuCoin announced that its Foundation would "cease supporting NeuCoin services, destroy its remaining coins and dissolve itself". The money raised from retail investors was not returned.[9][10]

Features[edit]

A decentralized cryptocurrency designed for online microtransactions

  • $2.25 million in initial funding
  • 100 million NeuCoin tokens presold to future users for 4,012 Bitcoins
  • launched in September 2015
  • first consumer applications launched in December 2015: the Solitaire Racer game on Facebook and an artist tipping platform on Jango Internet Radio,[11][12]
  • second Facebook game, SongQuest, launched in September 2016[13]

History[edit]

In December 2015, NeuCoin launched a tipping platform for emerging artists on the internet radio service Jango and a NeuCoin-integrated Facebook game called Solitaire Racer.[11][12] On January 18, NeuCoin announced that Solitaire Racer and Jango had acquired over 50,000 NeuCoin users in their first 4 weeks and were growing by more than 1,000 users a day.[14] On March 11, 2016, NeuCoin announced that Solitaire Racer and Jango had acquired over 275,000 NeuCoin users, growing by 8,000 users a day.[15][16][17] In September 2016, NeuCoin launched a second NeuCoin-integrated game on Facebook called SongQuest

On March 14, 2016, NeuCoin announced that the NeuCoin foundation's holdings would be cut from 3.2 billion coins to 1 billion coins by destroying 2.2 billion coins, and that a revised mining participation forecast put expected total coin supply in 10 years at 10 billion rather than 100 billion as previously projected.[18][19][20]

See also[edit]

References[edit]

  1. ^ a b Dillet, Romain. "NeuCoin Is A Bitcoin Alternative Designed For Microtransactions". TechCrunch. Retrieved 2017-09-15.
  2. ^ "NeuCoin Whitepaper Outlines the Math Needed for Proof-of-Stake to go Mainstream". CoinTelegraph. Retrieved 2015-10-29.
  3. ^ "Neucoin – Convenient and Fast Cryptocurrency". Cointelegraph. 28 January 2016.
  4. ^ "Uber, Hotwire Execs Invest $2.25 Million in ChangeTip Competitor NeuCoin". CoinDesk. 2015-02-03. Retrieved 2018-05-20.
  5. ^ "NeuCoin (NEU) - Distributed to all who grow utility and value". CryptoCompare. Retrieved 2018-05-20.
  6. ^ "'Neucoin Will Have More Consumers Using It Than Bitcoin within One Year' - Founder". Cointelegraph. 2015-10-07. Retrieved 2018-05-20.
  7. ^ "NeuCoin: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2018-05-20.
  8. ^ Dillet, Romain. "NeuCoin Is A Bitcoin Alternative Designed For Microtransactions". TechCrunch. Retrieved 2016-02-06.
  9. ^ NeuCoin official blog November 25, 2016
  10. ^ "The Utter Failure of NeuCoin Forces Foundation To Shut It Down". NEWSBTC. 2016-11-26. Retrieved 2017-09-15.
  11. ^ a b "NeuCoin Makes Moves With Facebook Game and Tipping Platform Launch - Bitcoinist.net". Bitcoinist.net. Retrieved 2016-02-06.
  12. ^ a b Demartino, Ian. "NeuCoin Integrated Into Music Streaming App Jango - Coinjournal". Coinjournal. Retrieved 2016-02-06.
  13. ^ Buntinx, JP (Nov 26, 2016). "The Utter Failure of NeuCoin Forces Foundation To Shut It Down". NEWSBTC Bitcoin News Service. Retrieved 12 September 2017.
  14. ^ "NeuCoin Reports Successful Start to Initial Applications | allcoinsnews.com". allcoinsnews.com. Retrieved 2016-02-06.
  15. ^ "NeuCoin Gaining 8,000 Users a Day; Will Halve Supply to a Billion Coins - CCN: Financial Bitcoin & Cryptocurrency News". CCN: Financial Bitcoin & Cryptocurrency News. Retrieved 2016-03-17.
  16. ^ "NeuCoin Reaches 275,000 Users After Launch of Facebook Game and Jango Radio". NASDAQ.com. Retrieved 2016-03-17.
  17. ^ Gautham, Author. "NeuCoin Performing Better than Its Own Forecasts, Changes Announced". NEWSBTC. Retrieved 2016-03-17.
  18. ^ "NeuCoin Gaining 8,000 Users a Day; Will Halve Supply to a Billion Coins - CCN: Financial Bitcoin & Cryptocurrency News". CCN: Financial Bitcoin & Cryptocurrency News. Retrieved 2016-03-17.
  19. ^ "Neucoin to Destroy 50% of Coin Supply, 2.2B Coins | allcoinsnews.com". allcoinsnews.com. Retrieved 2016-03-17.
  20. ^ "NeuCoin Reaches 275,000 Users After Launch of Facebook Game and Jango Radio". NASDAQ.com. Retrieved 2016-03-17.

External links[edit]