Question 1

What is the current price of TeslaCoin (TES)?

Accepted Answer

The current price of TeslaCoin (TES) is A$ 0.00058194. It has increased by +0.00% in the last 24 hours.

Question 2

What is TeslaCoin (TES)?

Accepted Answer

TeslaCoin (TES) is a digital cryptocurrency designed to facilitate the creation and sharing of innovative technological advancements. Named after the brilliant inventor, Nikola Tesla, TeslaCoin represents a community-driven cryptocurrency that aims at monetizing individual or group research, technological development, and innovative projects that lack proper funding.

Question 3

Who created TeslaCoin (TES)?

Accepted Answer

TeslaCoin was created by a team of developers and cryptocurrency enthusiasts who remained anonymous. They wanted to build a platform in the spirit of the great inventor, Nikola Tesla, an advocate of free energy and technology development for the benefit of all humankind.

Question 4

How does TeslaCoin work?

Accepted Answer

TeslaCoin works similarly to other cryptocurrencies, utilizing blockchain technology to validate and confirm transactional data. However, TeslaCoin differs in its goal to fund and support inventors, researchers, and scientists who may lack necessary traditional financing options. It aims to disrupt the classic financier-inventor relationship, by creating a direct bridge between innovators and the wider community. Importantly, the projects that'll be financed are voted on within the TeslaCoin community, harnessing the power of crowd-based decision making.

Question 5

What Makes TeslaCoin Unique?

Accepted Answer

What sets TeslaCoin (TES) apart from other cryptocurrencies is its focus on using blockchain technology to encourage and support technological innovation. The coin serves as an alternative means of funding for inventors and researchers, seeking to reward them for their hard work and cutting-edge ideas. Furthermore, TeslaCoin's decision-making process relies on community-based voting, giving every holder of TES a voice in determining which projects get funded.

Question 6

How many TeslaCoins are in circulation?

Accepted Answer

There are currently 80.5M TeslaCoins in circulation. The total supply of TeslaCoins is 60.8M.

Question 7

Where can I purchase TeslaCoin (TES)?

Accepted Answer

You can purchase TeslaCoin (TES) on the following exchanges: Cryptopia, Nova.

Question 8

How is the TeslaCoin Network Secured?

Accepted Answer

TeslaCoin employs Proof-of-Stake (PoS) consensus algorithm to secure its blockchain. This means that individuals who own and hold TES coins in their wallets can process transactions and add them to the blockchain. This method increases the speed of transactions and offers a degree of security, as it would be infeasible for any one entity to own a majority of TES to manipulate the ledger.

Question 9

What is the market capitalization of TeslaCoin?

Accepted Answer

As of now, the market capitalization of TeslaCoin is A$ 46.9K, and it ranks at #1 in terms of market capitalization among all cryptocurrencies.

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