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TrustDAO Price, News and Analysis (TRUST)

$0.0127
0.0000 (-0.06%)
(As of 10/25/2020 01:08 AM ET)
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1-Hour Price Change +0.80%
1-Day Price Change -0.06%
7-Day Price Change -17.86%
1-Day Volume$310.00
Market Cap$229,756.51
BTC Price0.00000095 BTC
Circulating Supply18.12 million
Total Supply40.35 million
Maximum Supply58.41 million

About TrustDAO (TRUST)

Currency Details

Name TrustDAO
SymbolTRUST
Market Capitalization$229,756.51
Coin or TokenToken
AlgorithmX16S
Proof TypePoW/PoS
Genesis Date6/21/2014
Mineable?No
Number of Exchanges1

Official Links

Official Websitetrustdao.network
Official Website (Alt)N/A
BitcoinTalk AnnouncementView
Twitter Account@TrustPlus
Facebook PageView
Github AccountN/A

Community Discussion

Reddit CommunityN/A
Telegram GroupView
Discord GroupN/A
Message Boardt.mesTrustDAO
Message Board (Alt)N/A

Research Tools

Blockchain Exploreretherscan.io
Blockchain Explorer (Alt)ethplorer.io
CoinMarketCapView
CryptoCompareView
CoinGeckoView

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TrustDAO (TRUST) Frequently Asked Questions

What is TrustDAO?

MasternodesMasternodes are nodes with locked collateral for their services on the blockchain to earn block rewards.Services Provided Proof-of-Service defines Masternodes. Masternodes have services to the blockchain InstaSend and Private Send. Instasend works perfectly for sending XTP immediately. Private send allows sending with the highest amount of privacy.Collateral An XTP masternode requires a transaction of 100,000 to a wallet address. This amount serves two purposes. The amount “locked” in a masternode reduces the total amounts of coins for sale, increasing scarcity. This collateral also creates a barrier to entry for cheap block rewards.Reward process Before a found block, the masternodes select a winner for each block number. The Proof-of-Stake miners download the winner's list. If Miner solves the next block, they report the next block, their address, and the winning masternode address. Upon a couple of confirmations, the block is broadcasted to all nodes. XTP does not collect a budget nor does it use SuperBlocks to settle rewards. Halving ScheduleHalving Occurs every 500,000 Blocks First Round - no halving 60 seconds x 60 minutes x 24 hours———————————————————   = 19,200 coins made a              45 second target1st round Halving - Approximately August 15th 2019    9,600 coins made a day until halving2nd round Halving - Approximately May 1st 2020    4,800 coins made a day until halving3rd round Halving - Approximately February 15th 2021    2,400 coins made a day until halving4th round Halving - Approximately November 1st 2021    1,200 coins made a day until halving5rd round Halving - Approximately July 15th 2022       600 coins made a day until halving ParticipationHelping the XTP project is rewarding, and each person can help in their way. TrustPlus team have wallets for every type of computer. The Bitcoin project had a core value of making everything open source.GITHUB TrustPlus coin is coded using C++ and hosted on GitHub. GitHub is an excellent service that provides communication and development support. TrustPlus team does compile multiple types of programs for each operating system. For the advanced user, GIT allows XTP code to be downloaded and compiled to anything they choose. Wallet After you download and install XTP, your next step is to join the community. TrustPlus team Discord channel contains hundreds of people willing to help 24/7. Introducing yourself and sharing your experiences creates more value to the coin than Bitcoin.Mining Mining can be difficult. TrustPlus team would suggest joining a pool in the very beginning. Practicing using your primary desktop, master making scripts, and settings. Once you are ready to make a financial commitment, look into GPU mining and Masternodes. XTP does not receive any of your money when you mine coins. You are competing with everyone else for the daily rewards for processing blocks. Renting Hash is the most economical, but still yields a meager profit. Masternodes have more potential for future value and Return on Investment (of electricity) than any mining.Masternodes Masternodes takes effort in collecting XTP coins. You could spend electricity to compete for daily rewards. As competition grows, the time it takes to earn a masternode will increase. There are also exchanges that accept BTC for XTP as a trade. Exchanges are susceptible to theft, so be careful and do not leave coins on an exchange.Once you have accumulated 100,000 XTP, start a masternode. You can then compete for 50% block rewards. You can have more than one Masternode per computer.No Marketing TrustPlus coin has survived five years because we do not spend money on advertising. It creates a false sense of projects health and creates a FIAT dependency. Buying an asset over marketing strategy works in crypto. Technical DataOfficial Development website:https://github.com/TrustPlus/TrustPlusXTPCurrent Version is 1.0.2XTP is Forked from RESQAlgorithm is X16SBlock Time is targeted for 45 seconds Retargeting is every 3 blocksFirst Block was used to satisfy the swap from TRUST to XTP - 35,000,000Block 1-9600 had minimum rewards for testing: 0.1 XTP and 1% to MasterNodesX16S PoW miners at block 9601 were awarded 10 XTP 50% of the XTP to the Masternode Winner.Any fees collected are added to the block.Rewards are halving every 500,000th blockMaximum coins 55,000,000 Premine Swap 35,000,000Coins Claimed Approximately 25,000,000Lost or Burned Estimated 10,000,000In Market 5,787,792 as of 2/7/19RPCport: 37001Port: 37002 (Description provided by CryptoCompare)

How do I buy TrustDAO?

It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies, including TrustDAO.

Where can I get TrustDAO wallet?

TrustDAO produces its own wallet software that is available for download on its website, which allows you to store TrustDAO on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of TrustDAO?

One TrustDAO (TRUST) is currently worth $0.01 on major cryptocurrency exchanges. You can also exchange one TrustDAO for 0.00000095 bitcoin(s) on major exchanges. The value (or market capitalization) of all available TrustDAO in U.S. dollars is $229,756.51.

What hashing algorithm does TrustDAO use?

TrustDAO is a proof of work (PoW) and proof of stake (PoS) token that uses the X16S algorithm.

How do I mine TrustDAO?

TrustDAO can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a TrustDAO and access to a mining pool that pools your effort with other miners and a wallet to store the TrustDAO that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

What is the Reddit page for TrustDAO?

The official Reddit community (subreddit) for TrustDAO is N/A.


MarketBeat Community Rating for TrustDAO (TRUST)

Community Ranking:  NaN out of 5 ()
Outperform Votes:  0 (Vote Outperform)
Underperform Votes:  0 (Vote Underperform)
Total Votes:  0
MarketBeat's community ratings are surveys of what our community members think about TrustDAO and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.

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TrustDAO (TRUST) Price Chart for Sunday, October, 25, 2020

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Google Trends

TrustDAO (TRUST) Search Trends

There is a correlation between price appreciation and public interest in cryptocurrencies, such as TrustDAO. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "TrustDAO Token" over the last 90 days.



TrustDAO (TRUST) Social Media Trends

Headlines

TrustDAO (TRUST) News Headlines

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Social Media Mentions


This page was last updated on 10/25/2020 by MarketBeat.com Staff

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