Gaining traction in the altcoin industry is a big challenge. Currencies with a masternode reward structure seem to be slightly more successful in this regard during the early stages. Proelio Coin tries to position itself as a major contender in this regard. The project recently turned three months old. As such, now is a good time to see what it is all about.
The Proelio Coin Vision
For those unaware, Proelio means “involvement” in the Latin language. This also embodies what the project is about exactly. Users who get involved in Proelio will achieve wealth in the long run. The project’s whitepaper explains this concept is brought to market by a group of real estate experts. Ultimately, they want to make Proelio a universal means of payment as a commission in this particular industry. Additionally, the use of this currency will increase the number of real estate opportunities.
How Does it Work Exactly?
Investing in real estate can be very complicated. Anyone who wants to make a profit often has to pay hefty taxes as well. By turning to cryptocurrency, some of those concerns can be alleviated in the future. For now, Proelio mainly focuses on providing masternode owners with a high profit. The masternode aspect of this project is only one facet of what the team is planning for the future, though.
Future plans currently include launching a free cryptocurrency exchange and established a global real estate website. This latter part is extremely crucial to the ecosystem. Making it more straightforward for investors to get involved in real estate through cryptocurrency sounds very appealing. The success of such a project will mainly hinge on how the ecosystem grows accordingly.
In terms of more traditional cryptocurrency features, Proelio shouldn’t be overlooked either. The native protocol allows for fast transactions, stealth addresses for anonymity, low fees, and encrypted messaging. All of these features can make Proelio very successful in the months and years to come. These are also valuable traits when dealing with the real estate industry on a global scale.
The Masternode Aspect
Unlike other altcoins, Proelio is a bit of a different project. Its developers control the flow of masternodes on the network. More specifically, they themselves will never sell more than 10 masternodes per month. In doing so, the team wants to ensure the PEO price remains relatively stable. Other masternode-oriented altcoins often see wild price fluctuations. Having too many network nodes at any given time can create problems in its own way.
At the time of writing, there are 108 masternodes active on the network. That is a relatively high number, albeit one that may not necessarily increase any time soon. The necessary collateral can only be obtained through the project’s presale. Every node is currently valued at 1.5 Bitcoin, or $5,442. When purchasing a node from the team, users will receive 5,000 PEO coins as well as a VPS to run their node for 12 months. European buyers are also eligible to receive a Lenovo computer, which is a nice added touch. This is a limited time offer, though, as only 15 computers were made available.
Only 15 Lenovo computers available (500$ worth)
Free delivery in Europe!
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— Proelio Coin (@Proeliocoin) November 22, 2018
At the time of writing, PEO was not listed on any public exchange yet. A listing for Coindeal has been announced, however. It is expected the market will go live on February 1st, 2019. The team is also exploring the option to get listed on Crypto-Bridge in the future.
|Total Supply||100,000,000 PEO|
|PoS or PoW||PoS (Quark)|
|Increasing Collateral Requirement?||No|
|Block Explorer||Proelio Coin Explorer|
Disclaimer: All information provided in this article is for educational and entertainment purposes only. MNMMG Does not offer investment advice and is not responsible for any financial losses sustained by its readers.