Crown - decentralised sandbox economy
Project Info and Use-Case
Crown is a Blockchain-as-a-Service cloud platform, founded in 2013 with an fair non-ICO process, that through a cryptographically secure method, allows anyone to benefit from next-generation Blockchain. Crown is fully decentralised, as its development follows a public and open contributor model, meaning than it doesn’t have a centralised team but its open to all contributors.
The company’s goal is to building a free, legally compliant, open-access and decentralised sandbox economy, where ideas and initiatives are chosen and funded through a democratic voting system. (See Crown.tech for more info). Moreover, the Platform will enable community members to legally and transparently trade goods, host applications, store value and manage contractual relationships.
Coin type: (SHA256D) – Now: Node-staking Proof of Stake (POS)
Market Cap Avg: $2,716,988 USD (715 BTC)
Volume Avg (24h): $14,799 USD (3.89 BTC)
Circulating Supply: 21,327,990 CRW
Max Supply: 42,000,000 CRW
Masternodes: Yes – 1004
Additionally, Crown ($CRW) has been in existence since 2014, and its use-cases and adoption have been growing ever since. The following are some of the exchanges on which Crown is listed: Bittrex, UPbit, Yobit and Litebit.
Crown partners with Yanda, an automated trading platform for cryptocurrencies. Some of the benefits of this collaboration are: Crown ($CRW) being accepted as means of payment on Yanda.io, as well as receiving a discount for paying with Crowns.
Crown announces the extension of its collaboration with Coinomi; it now includes support for the latest Desktop release for Windows, Linux, and Mac.
Coin Correlation Analysis for Portfolios:
Crown (CRW-USD) showed a strong correlation of 0.74 with Bitcoin (BTC-USD over the last 30 days, increasing further, to 0.89, during the last 14 days. Crown’s volatility has been on average around 12.97% daily, and 3.34x higher than Bitcoin’s (3.77%).
Overall: Preferred during Bullish markets, as it has higher lucrative potential than large caps, such as Bitcoin. Due to the coin’s volume and volatility, the ideal portfolio allocation is small, but significant.