Auroracoin Ads Hit Iceland's Bus Stops, Auroracoin/Krona Exchange Coming Soon
Advertisements for Auroracoin, the Icelandic cryptocurrency, have begun to appear at bus stops all around the country. The advertisement, consisting only of “Auroracoin” in text and the coin’s logo on a white background. The advertisements are part of a public awareness campaign by the Auraráð, or Auroracoin, Foundation. According to Pétur Árnason, Auraráð Foundation chairman, these advertisements are meant to lay the groundwork for a resurgence of the Icelandic cryptocurrency later this year. “We have been preparing for Auroracoin promotion in Iceland for over a year now as we wanted to....
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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....
A team of Icelandic cryptocurrency enthusiasts is gearing up to launch an altcoin designed specifically for the population of Iceland. Auroracoin is a litecoin-based digital currency, 50% of which is pre-mined. This is where it gets interesting: the pre-mined coins will be distributed to the entire populace of Iceland starting on 25th March. Each one of the country's 330,000 citizens will receive 31.8 auroracoins. Why Iceland? Iceland's banking sector does not have a very good track record, and this appears to be the driving factor behind auroracoin. The team cites the government's use of....
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....
Icelanders will be lining up to sell their auroracoins. Photo via Matt Shalvatis. Many people are pointing to Auroracoin's position at third place on CoinMarketCap.com as proof of this new coin's success, but the reality is that it could be setting itself up for disaster. The coin made headlines when it surpassed Litecoin's market cap, but Auroracoin is not actually closing in on a $1 billion market cap. In fact, the real value of all the auroracoins currently on the market could be lower than $10 million. This would still put it in the top 25, but we could see it drop even lower after the....
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....