Swisscoin crptocueency
Swisscoin overview - all questions answered.
Q. What is Swisscoin?
A. Swisscoin is a new cryptocurrency launched from a company based based in Switzerland.
cryptocurrency is "digital money" and is created by a technology called blockchain. It is a pre set limited amount making the value to be determined by the demand, therefore the value of a cryptocurrency is always extremely low at start, gaining a higher value as more people invest on ownership of the cryptocurrency.
Q. How does Swisscoin work?
A. Swisscoin company is offering members to invest in and get ownership of coins before they are offering it to the public market, they are allowing people to invest and secure themselves the coin making them the owners and the ones who will profit from selling the coin to the public at a higher value.
The company is using the network marketing concept up until public launch to build a pre demand of it and therefore ensure the growth of value. By doing this they have marketers all over the world working daily with sharing the information on Swisscoin, creating awareness of the coin and therefore ensuring the demand to grow.
Q. What is company strategy to become a top 3 cryptocurrency on the market?
A. The company strategy to become a top 3 cryptocurrency on the market is two main things.
Using the network marketing koncept, a peer to peer recommendation system to create awareness of the coin, creating a pre demand for the coin ensuring the value to increase one's it starts mining.
Focusing on the utility of the swisscoin, meaning education to merchants on the benefits of using and accepting swisscoin as a payment method, the benefits of reduced transaction costs as well as many other points, the gathering of acceptance places around the world has already started with close to 1000 Merchants connecting in less than 4 weeks
Q. Who can participate in Swisscoin
A. Anyone and everyone can participate in Swisscoin, swisscoin is user friendly and does not require any previous knowledge, advanced programs or any system except the Swisscoin account/dashboard. Swisscoin is made user friendly and simple to be able to reach the masses (big market)
Q. How can I mine Swisscoin?
A. You can not mine Swisscoin, the coins will be mined by the company and distributed to the members according to when the member invested at what difficulty level (simple and user friendly)
Q. Will Swisscoin be a decentralized blockchain?
A. Yes, the Blockchain of swisscoin will be completely decentralized and controlled by the network of users verifying each transaction, just like bitcoin.
Q. When will Swisscoin be on the public exchange?
A. Swisscoin will be decentralized and offered on the public exchange on August 1st 2017
Q. How can I invest in swisscoin?
A. To invest in swisscoin at this stage, you need to create an account through an invitation link. An invitation link you can get from the person who introduced you to Swisscoin. After setting up your account, you fund your ewallet to be able to purchase a swisscoin educational package containing tokens. Funding details can be found under information center in your backoffice.
Q. What is tokens?
A. Tokens is the means which company uses to calculate how many coins you will get depending on total amount submitted at what difficulty rate (total number of tokens divided by difficulty level gives you amount of coins)
Q. What is difficulty level?
A. The difficulty level is determining how many tokens are used to generate 1 swisscoin. The more coins that are mined (the less coins that are left to produce) the higher the difficulty level of producing them. In the beginning of a cryptocurrency the difficulty is very low, as the demand increases and more people invest, the less coins are left of the total amount and the difficulty increases.
Q. What is a split?
A. A split is a company bonus that will double the amount of tokens you have, therefore you will also get twice as many coins from mining. All packages from Swisscoin contains at least one split.
Q. What is KYC?
A. KYC stands for "known your customer" and is a standard banking procedure verifying who you are. Copy of passport / valid photo ID and proof of residence (utility bill) must be uploaded in your account for verification.
This is to prevent money laundering, fraud and other illegal activities and to ensure Swisscoin as a fully legal company, KYC verification can take time as it is done manually so it is encouraged to do asap and it will be done as soon as possible.
Q. Can I sell my coins right away?
A. No, it is not possible to sell any coins before after the initial public offering on the 1th of August 2017.
Q. Does swisscoin have a blockchain?
A. No, swisscoin does not have a blockchain as of the date December 28th, the Swisscoin Blockchain is being developed at the moment and it will be launched live at the Swisscoin International convention on the 9th of April 2017.
Q. Will there be limitations on how many coins to sell once swisscoin is public?
A. No, there will be no limitations on selling, trading or transferring swisscoin. Swisscoin will be completely decentralized just like bitcoin. AKA
Q. Can I profit from swisscoin as only investor or am I obligated to bring in people.
A. Yes, as investor you will profit from the huge value increase that Swisscoin will experience over the years, there is absolutely no obligation for you to bring in people to make a profit from your investment,this is a choice if you want to help build the network and earning additional comission with nothing to do with your initial investment only your efforts. As investor You buy low and sell high.
Q. How can I make additional comission with Swisscoin?
A. To make additional earnings outside of your investment you need to share the information about swisscoin that you was given to others again. If you talk to someone about swisscoin and they want to invest, company will give you a comission based upon their investment as you where the one generating the investment initially with your own efforts.
Q. Is there a limit to how many I can introduce to swisscoin?
A. No, there is no limit to how many people you can introduce to swisscoin, it can be 10, it can be 10.000, it all depends on how many people you are willing to talk to.
Q. Is there any limitations on how much I can earn daily?
A. No, there are absolutely no limitations on how much you can earn per day in Swisscoin. Earnings are based solely on you and you teams effort in promoting swisscoin to generate investments.
Q. Is there a guarantee % return on daily / weekly / monthly / yearly investment?
A. No, there is no daily return % on anything in swisscoin. Once invested in swisscoin you have ownership of the coin, these you will profit from at time of selling on exchange or using with merchants, when and at what value is of your choice (after August 2017)
Q. What is the expected growth in value?
A. 2018 - €5 - - - 2020 - €20
Q. What is company doing to ensure the continuous success of the coin after going on the public exchange?
A. Swisscoin company will continuously bring in new merchants to the swisscoin community accepting swisscoin as a payment method. The higher the usability of the coin the higher the demand, the higher the demand the higher the value.
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