5 Channel (5ch) Birth: Thorough explanation of 5 selected cryptocurrencies and the reasons they emerged
From 5sh (5channel), many cryptocurrencies have been born, haven't they?
For example, Monacoin and NANJ Coin are cryptocurrencies that have brought high prices, as well as coins that will be listed in the future, or coins that were just born as 5ch coins.
However, do you know five famous cryptocurrencies that originated from 5ch?
In this article, we will explore what the 5ch cryptocurrency threads are like and introduce five carefully selected cryptocurrencies that originated from 5ch.
Let's take a look at the cryptocurrency threads right away.
What is the 5ch (5ちゃんねる) Cryptocurrency Thread?
On 5ch, a cryptocurrency thread refers to a place called an anonymous bulletin board where anyone can exchange information anonymously.
Even on domestic exchanges, you can exchange information around the clock using chat functions, but before exchanges were established, a lot of cryptocurrency information circulated on 5ch.
However, with the establishment of many cryptocurrency exchanges and information sites, while the fervor to celebrate as much as around the time Monacoin was born in 2014 has cooled, cryptocurrency information is still obtainable within 5ch threads.
Now, let's look at five cryptocurrencies that originated from 5ch.
5ch Origin Coin 1: Monacoin (MONA)
Monacoin is a Japan-origin cryptocurrency born on January 1, 2014.
It was the first cryptocurrency born from the 5ch (2ch) community and attracted a lot of attention at its birth.
The unit of currency is "MONA" and the issuance cap is 105,120,000 coins.
Litecoinis the base for the system since it split from Litecoin, so the core is equivalent to Litecoin.
The features are the speed of transfers and high practicality in real use.
About Transfer Speed
Originally, Litecoin was created to speed up the time required for Bitcoin block confirmations.
Bitcoin's block confirmation time is about 10 minutes, whereas Litecoin achieves about 2.5 minutes.
Monacoin was developed with the aim of further speeding up block confirmations than Litecoin, and as a result, it achieved about 90 seconds per block confirmation.
Because this is 6–7 times faster than Bitcoin's block confirmation time, it enables extremely fast transfers.
About High Practicality
Monacoin has many platforms prepared for payments, giving it higher practicality than other cryptocurrencies.
For example, “Ask Mona” is a bulletin board where Monacoin can be used as tips (donations), allowing users to freely use Monacoin as tips among board users
Also, “tipmona” provides a platform where Monacoin can be used as tips within Twitter.
In this way, Monacoin has many features that allow users to easily use it as part of everyday life, which is its major characteristic.
5ch Origin Coin 2: NANJ Coin (NANJ)
NANJ Coinwas born on January 18, 2018.
The issuance cap is 30 billion coins and the currency unit is “NANJ.”
NANJ Coin is a Japanese-origin cryptocurrency that originated in a sports-loving community within 5ch cryptocurrency threads.
Therefore, it was developed with the aim of contributing to the development of the sports industry.
NANJ Coin’s features are,the ERC20-compatible token standardbased on Ethereum.
ERC20 cryptocurrencies are developed worldwide in many forms, and APIs and applications for handling them commonly exist.
Therefore, it is easy to exchange with other ERC20 currencies and easily use applicable applications.
NANJ Coin also includes features to protect coins from malicious users.
There are features to freeze a malicious user’s address, and to lock up tokens held by the management side, ensuring the operation of the currency is not endangered by some users.
5ch Origin Coin 3: VIPSTAR (VIPS)
VIPSTAR is a Japan-origin cryptocurrency born in February 2018. The issuance cap is 70 billion coins and the currency unit is “VIPS.”
The operating entity VIPSTAR Corp. completed its corporate registration in April 2018 and was listed on CoinExchange (nowLiquid by Coinin).
VIPSTAR was developed by members of the 5ch cryptocurrency community known as VIPPERS.
The name VIPSTAR comes from the hit song POP STAR by a famous singer, and the currency name originated from VIPPERS playing with this song in a parody form.
VIPSTAR was developed with the aim of being used for various purposes as a Japan-origin cryptocurrency and contributing to various global issues through cryptocurrency-based donations.
VIPSTAR’s feature is that it is based on QTUM and allows easy creation of its own tokens through smart contract functionality.
Mining supportsPoS andPoW as well.
During the Northern Osaka earthquake, it donated a total of 300,000 yen as relief funds, and this demonstrates that it is actively pursuing its stated purposes.
5ch Origin Coin 4: SUSU Coin (SUSU)
SUSU Coinwas born on June 9, 2018 as a Japanese-origin cryptocurrency.
The issuance cap is 105,000,000 coins.
SUSU Coin’s feature is that it is a project officially authorized by the 5ch administration.
While other cryptocurrencies born from 5ch include NANJ Coin and VIPSTAR, these were not officially authorized by the 5ch administration; SUSU Coin, on the other hand, is officially authorized, so it is expected to be used broadly within 5ch for various purposes.
The tipping mechanisms realized in NANJ Coin are likely to be used in SUSU Coin across broader uses and applications.
On the other hand, it is said that there are still many mysteries surrounding this cryptocurrency.
Although there are mid-term plans, it has not yet been listed on an exchange, and there is a lack of public information, making its future development unclear.
5ch Origin Coin 5: Newspeed Coin (NSOK)
Newspeed Coin is .......Continue here ⇩
