Question 1

What is the current price of AmsterdamCoin (AMS)?

Accepted Answer

The current price of AmsterdamCoin (AMS) is A$ 0.00007055.

Question 2

What is AmsterdamCoin (AMS)?

Accepted Answer

AmsterdamCoin (AMS) is a cryptocurrency that promotes both the city of Amsterdam and its vibrant, diverse cryptocurrency community. The coin is powered by a unique, energy-efficient blockchain technology, aiming to be both user-friendly and community-oriented.

Question 3

Who created AmsterdamCoin?

Accepted Answer

Although specific names of the individuals that created AmsterdamCoin are not publicly known, it is stated on their website that the project has been created by a team of anonymous blockchain developers, enthusiasts, and Amsterdam locals. The development team, according to their claims, is dedicated to promoting the usage of cryptocurrencies in Amsterdam and beyond.

Question 4

How does AmsterdamCoin work?

Accepted Answer

AmsterdamCoin operates on its own unique blockchain. When transactions are made using AMS, they are grouped together in a block, verified by network participants, and then added to the AMS blockchain. This process makes use of a Proof-of-Stake (PoS) consensus mechanism, which means holders of AMS can lock up their coins to validate transactions and, in turn, receive more AMS as a reward. This mechanism is, they claim, particularly energy-efficient, a significant advantage as energy consumption concerns continue to rise in the cryptocurrency world.

Question 5

What sets AmsterdamCoin apart?

Accepted Answer

The unique selling proposition of AmsterdamCoin lies in its focus on promoting a city, Amsterdam, and its local cryptocurrency community. By targeting a specific geographical area and community, AmsterdamCoin is considerably different from many other cryptocurrencies, which tend to have a more global and dispersed focus. AmsterdamCoin's dedicated focus on an eco-friendly consensus mechanism - the Proof-of-Stake protocol - also sets it apart from many other cryptocurrencies, and it presents itself as an energy-saving alternative to Proof-of-Work mechanisms, such as that used by Bitcoin.

Question 6

How much AmsterdamCoin is currently in circulation?

Accepted Answer

As of now, the circulating supply of AmsterdamCoin (AMS) is 144.0M.

Question 7

How is AmsterdamCoin's blockchain secured?

Accepted Answer

AmsterdamCoin makes use of Proof-of-Stake (PoS) for securing its network. This method, rather than requiring vast amounts of computational power to solve complex mathematical problems like in Proof-of-Work, sees AMS holders “staking” their coins to validate network transactions. Stakers are then rewarded with more AMS coins for their service. This approach is claimed by AmsterdamCoin to be much more energy-efficient, and thereby eco-friendly, compared to other consensus mechanisms.

Question 8

Where can I buy AmsterdamCoin (AMS)?

Accepted Answer

AmsterdamCoin (AMS) can be purchased on the following exchanges: YoBit.

Question 9

How much has the price of AmsterdamCoin changed in the past 24 hours?

Accepted Answer

The price of AmsterdamCoin (AMS) has increased by +0.60% in the past 24 hours.

Question 10

What is AmsterdamCoin's total and market cap?

Accepted Answer

The total supply of AmsterdamCoin is 84.0M, and the market cap as of right now is A$ 10.2K. That makes AmsterdamCoin the #1 ranked cryptocurrency in terms of market capitalization.

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