Zclassic

ZCL Price

What is Zclassic about?

Zclassic is a fork of Zcash, founded by Rhett Creighton, with the removal of the 20% founder's reward and the slow start mechanism. It aims to ensure that miners receive their fair rewards without any additional fees or pre-mine benefits for a select group. The coin's development is supported by the community, and its value is determined by the market, emphasizing organic scarcity rather than deliberate engineering.

What makes Zclassic unique?

Zclassic stands out by eliminating the 20% founder's reward present in Zcash, allowing miners to keep their full rewards. It maintains the same secure parameters as Zcash, including the "trusted setup" verified by Peter Todd, ensuring the system's security as long as at least one participant kept their key secret and destroyed it. This approach gives users a choice to utilize Zcash's technology without the additional fee.

What's the history of Zclassic?

Zclassic was created as a response to Zcash's 20% founder's reward, which funds Zero Coin Inc. By forking Zcash's open-source code, Zclassic removed this reward, offering a blockchain that leverages Zcash's technology without the fee. This fork ensures that mining rewards go entirely to miners and the community, aligning with its mission of fairness and decentralization.

What's next for Zclassic?

Zclassic aims to continue its alignment with Zcash's technological advancements while maintaining its core principles of no pre-mine, founder's reward, or special fees. The focus remains on community-driven development and ensuring miners are fairly compensated, allowing the market to dictate the coin's value and scarcity.

What can Zclassic be used for?

Zclassic can be used similarly to Zcash, leveraging its privacy-focused blockchain technology for transactions. It serves as an alternative for those who prefer a mining model without the founder's reward, promoting a more community-centric and decentralized cryptocurrency ecosystem.

Where can you buy Zclassic?

ZCL tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Zclassic is Nonkyc.io, where the most active trading pair ZCL/USDT has a trading volume of $936.46 in the last 24 hours.

What is the daily trading volume of Zclassic (ZCL)?

The trading volume of Zclassic (ZCL) is $966.52 in the last 24 hours, representing a 20.30% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Zclassic (ZCL)?

Zclassic (ZCL) reached an all-time high of $230.95 and an all-time low of $0.005365. It’s now trading -99.80% below that peak and 9,603.80% above its lowest price.

What is the market cap of Zclassic (ZCL)?

Market capitalization of Zclassic (ZCL) is $5,385,790 and is ranked #1602 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of ZCL tokens (10 Million tokens are tradable on the market today).

What is the fully diluted valuation of Zclassic (ZCL)?

The fully diluted valuation (FDV) of Zclassic (ZCL) is $5,418,433. This is a statistical representation of the maximum market cap, assuming the maximum number of 11 Million ZCL tokens are in circulation today. Depending on how the emission schedule of ZCL tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Zclassic compare against its peers?

With a price decline of -37.00% in the last 7 days, Zclassic (ZCL) is underperforming the global cryptocurrency market which is down -5.30%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -3.20%.