Novacoin NVC to BitMart Token BMX Exchange

Crypto Pair Details: NVC to BMX

Novacoin NVC

Novacoin is a hybrid Proof of work (POW) / Proof of stake (POS) decentralized peer-to-peer cryptocurrency.The Proof of Work part of Novacoin is based on the Scrypt hashing algorithm. Proof of Stake contributes to the coins energy efficiency, as there is no need for nodes to contribute mining power to part of the money creation process. As of now, Novacoin is set to be capped at 2 billion coins. However Novacoin stated that the cap limit may be lifted if the situation requires it. It looks very much like a variation of Sunny King Peercoin.

BitMart Token BMX

BMX is an ERC20 based token issued by BitMart Exchange with total volume of 1,000,000,000. First issued as BMC in December 2017, BitMart changed the name of the token in January 2018 as BMX. You may find that the symbol name displayed in the smart contract and block explorer as BMC, but the actual symbol name we use is BMX. The reason is: our toke was named BMC, but then we find that 'BMC' has been used by another project, so we have to change the symbol name of our token to 'BMX'.

SOURCE: COINGECKO

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