Question 1

What is the current price of Indicoin (INDI)?

Accepted Answer

The price of Indicoin (INDI) at the moment is £ 0.02476973, with a +0.00% change in the last 24 hours. It has a trading volume of  within the same period.

Question 2

What is Indicoin (INDI)?

Accepted Answer

Indicoin is a decentralized cryptocurrency specifically designed to foster social service. It aims to use blockchain technology to create an autonomous, self-regulating system, where the constituents can demonstrate their social work and get rewarded in Indicoins.

Question 3

Who made Indicoin?

Accepted Answer

The team behind Indicoin remains relatively anonymous, much like many cryptocurrency projects. The project was birthed from a group of like-minded people who wanted to use blockchain technology to incentivize social work in the community.

Question 4

How does Indicoin work?

Accepted Answer

Indicoin work in a relatively simple way. If you have participated or intend to participate in a social service event or a cause, you can submit a proof of the work to the Indicoin community. Once the community validates the provided proof, the system automatically rewards the submitter with Indicoins.

Question 5

What features make Indicoin unique?

Accepted Answer

What sets Indicoin apart is its objective of incentivizing social service. Indicoin’s blockchain-based social proof system offers a platform for people to showcase their contribution toward the betterment of society and get rewarded. The detailed vetting process ensures only valid submissions are rewarded, encouraging more people to join the cause.

Question 6

How is Indicoin's network secured?

Accepted Answer

Indicoin, like most other cryptocurrencies, makes use of blockchain technology to maintain network security. Blockchain, with its decentralized nature and cryptographic security features, ensures that transactions and rewards are secure and tamper-proof.

Question 7

How many Indicoins are available in circulation?

Accepted Answer

Currently, there are 60.0M Indicoins available in circulation. The total supply is fixed at 360.0M - a standard protocol for many cryptocurrencies to control supply and value.

Question 8

Can Indicoin be used as a store of value?

Accepted Answer

Much like any other cryptocurrency, Indicoin can technically be used as a store of value. However, it's crucial to note that cryptocurrency prices are notoriously volatile, and Indicoin is no exception.

Question 9

Where can I purchase Indicoins?

Accepted Answer

You can purchase Indicoins from HitBTC. Like any other cryptocurrency, it is advisable to use a trusted and reliable exchange platform for trading, ensuring the safety of transactions.

Question 10

How to keep my Indicoins safe?

Accepted Answer

To keep your Indicoins safe, the most recommended method is to move them into a personal and secure wallet, rather than keeping them on an exchange. Using a wallet gives you full control over your assets. However, it's crucial to manage and backup your credentials vigilantly as if they are lost, they cannot be recovered, and you could potentially lose access to your Indicoins.

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