What is the project about?
Stohn Coin is a decentralized digital currency, without a central bank or single administrator. It can be sent from user to user on the peer-to-peer Stohn Coin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger, known as a blockchain.
Stohn Coin was created in 2021 by a group of enthusiasts passionate about cryptocurrency. Unlike Bitcoin, which has a capped supply of 21 million, Stohn Coin has a maximum supply of 40 million coins. Miners are currently rewarded with 100 coins for each block they mine, but this block reward will halve every 200,000 blocks, mimicking the deflationary model of Bitcoin.
Each block is targeted to be mined every 5 minutes on average. For mining, Stohn Coin uses the Scrypt algorithm, a proof-of-work system that's memory-intensive, making it resistant to custom hardware like ASICs and potentially more accessible to individual miners. This combination of features positions Stohn Coin as a unique entrant in the world of digital currency.
What makes the project unique?
Stohn coin's unique characteristic is its implementation of the LWMA3 (Linearly Weighted Moving Average 3) hashrate difficulty calculation algorithm. This is a distinguishing factor as the difficulty adjustment algorithm is an essential aspect of any cryptocurrency, ensuring stability and fairness of the mining process. Most cryptocurrencies, like Bitcoin, use some version of a difficulty adjustment algorithm, but LWMA3 stands out due to its specific properties. LWMA3 aims to keep block times consistent by responding quickly to changes in hashrate, ensuring a more stable and predictable issuance of new coins. This can be particularly beneficial for a smaller or newer cryptocurrency like Stohn coin, which may experience more variability in mining power.
History of the project.
The genesis block of Stohn Coin was successfully mined by Jason Stanley
Where is Stohn Coin available for purchase?
You can exchange SOH tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Stohn Coin is Bitcointry, notably the SOH/USDT pair, which saw a trading volume of $ 2,215.62 in the past day. Additionally, SafeTrade is popular alternative for trading tokens.
What is the highest value Stohn Coin (SOH) has ever reached?
Stohn Coin (SOH) reached its peak price at 0.07889 $ on 06 January 2024, approximately 2 years ago ago. Presently, the current price is -92.95% lower than this all-time high.
What is the historical minimum price for Stohn Coin (SOH)?
The minimum price reached for Stohn Coin (SOH) was 0.002099 $, documented on 05 September 2023, more than 2 years ago. In comparison, the current price is 164.58%, it above this historical low.
What is the fully diluted valuation of Stohn Coin (SOH)?
The fully diluted valuation (FDV) of Stohn Coin (SOH) stands at $ 173,348. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of 40,000,000 SOH tokens. The realization of this FDV might take several years depending on the emission schedule of SOH tokens.