Altcoin Spotlight: Iceland’s Auroracoin
Vice is reporting that all Icelanders will be holders of a digital currency by the end of March. A local cryptocurrency fan, Baldur Friggjar Odinsson, has created a digital currency specifically for use in Iceland. The currency, Auroracoin, will get an initial distribution to all Icelandic citizens on March 25. Iceland has about 330,000 citizens, each of whom will receive 31.8 AUC according to the story. Odinsson told Vice his intention is simply activist in nature. Auroracoin can help Iceland break the “unholy alliance” between governments and big banks by distributing power to the....
Related News
Resurgent regional cryptocurrency Auroracoin debuted Iceland’s first-ever cryptocurrency exchange, ISX, allowing the people of Iceland to trade Auroracoin and krona. This week, the Auroracoin Foundation debuted ISX.is, Iceland’s first cryptocurrency exchange. ISX allows the citizens of Iceland to trade króna for cryptocurrency, in this case Auroracoin. Amid a renewed set of financial scandals in Iceland exposed by the Panama Papers, Auroracoin has made a comeback. For the last year, the Auroracoin Foundation has made significant adoption pushes including a brand awareness advertising....
Auroracoin suddenly spiked last week, perhaps upon the leak of the Panama Papers. The papers promptly angered Icelanders, who now feel that the nation is suffering yet another 2008. Although Auroracoin has not been an overwhelming success, its market cap has increased three-fold since the Panama Papers leaked. The peer-to-peer cryptocurrency, launched in February 2014, was marketed as an alternative to Bitcoin and the Icelandic krona. The pseudonymous creators said they planned to distribute half of the auroracoins to all 330,000 people in Iceland’s national ID database for free.....
Vice Motherboard released a short documentary and accompanying article on Icelandic cryptocurrency Auroracoin. The film, titled The New Currency at the End of the World, runs about 15 minutes, and follows cryptocurrency advocate Mikjall Hannes as he investigates Auroracoin in Iceland. It includes Pétur Árnason, chairman of the Auroracoin Foundation, outlining his vision for spreading the currency to the people, as well as its main reason for existing: to give the people of Iceland an escape from their current wealth-bleeding financial system. First major coverage outside of Iceland since....
Auroracoin, the “cryptocurrency for Iceland”, will begin distributing auroracoins to the country's citizens this week, starting tomorrow, 25th March. The distribution, which is being called Airdrop, will send 50% of the total auroracoins in circulation to the country's populace. Icelandic residents that enter their permanent resident ID on auroracoin's official website will receive 31.8 AUR (roughly $385 at press time). The fourth-place digital currency in terms of overall market cap, Auroracoin quickly rose to prominence amongst the myriad new digital currencies for its unique approach to....
We reported in mid-February on Auroracoin, a 50% premined altcoin that will be distributed to everyone in Iceland on March 25. Auroracoin takes the chance. While the cryptocoin community was focusing all of its attention on Mt. Gox, Auroracoin’s value has suddenly taken off. In one 24-hour period this week, the value of the coin rose by more than 300%, giving it the third-highest market cap of any digital coins, behind just Bitcoin and Litecoin. At the time of writing, Auroracoin has a market cap of just more than $196 million on a total supply of 10.5 million premined coins. Each....