NeuCoin Gets $2.25 Million Funding from Angel Investors, Offers Simplicity over Bitcoin as Appeal to Masses

A Paris-based Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term, NeuCoin, has secured $2.25 million in funding to develop its new cryptocurrency.

Over 30 angel investors participated, including Patrik Stymne (co-founder of King), Rob Goldman (head of growth at Facebook), Emil Michael (SVP of business at Uber), Henrik Kjellberg (president, Hotwire) and Ted Rogers (chief strategy officer, Xapo).

The startup lists Dogecoin founder Jackson Palmer and Brock Pierce among its four advisors.

The new coin aims to improve upon Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term with a currency that appeals to the everyday masses. Bitcoin, the company claims, "has mostly attracted computer experts, speculators and niche users who want to keep their transactions out of sight. But it hasn’t been popular with regular consumers, few of whom find it easy or useful."

2.5 billion neucoins will be pre-mined. Some will be distributed for free to users recruiting other consumers. Content providers accepting it for tipping will be rewarded with additional coins. The remainder will be sold to investors, the proceeds being used for further development and business projects.

NeuCoin says to employ a proof-of-stake hashing algorithm, which it advocates for reducing the costs of mining.

For a detailed list of recent investment and M&A activity in the crypto industry, please visit the DC Magnates Crypto Deal Table.