Pigeoncoin was launched on March 21, 2018 with an immediate goal to prove the power & hashrate consistency of our new X16S (shuffle) algorithm. The community response to the X16S concept was strong and positive. Within hours, members had created GPU mining software and pools, allowing us to prove our hypothesis a month ahead of schedule. After a sleepless week, we regrouped and set forth to solve the real problems that Pigeoncoin was destined for. Our first step was to recruit a skilled team who would be responsible for completing our mission. Pigeoncoin is a cryptocurrency that will be aligned with a future communications network. This will facilitate messaging, payments, liquidity, and currency velocity.
Stakenet launched in March of 2018 by building off of a POSWallet (POSW) to Stakenet (XSN) coin swap. The Stakenet blockchain was created from the swap and is a modified blockchain based on Bitcoin. POSWallet was the original incarnation of Stakenet and offered a staking wallet that served over 100 of the most popular and common cryptocurrencies. The complete number of POSW coins in distribution grew to 250 million, so the developers burned coins from their wallet to lower the circulation to 70 million. Unfortunately, the website for the POSWallet was hacked, resulting in the team leaving the project. Instead of completely abandoning it, the developers rebuilt the blockchain from the ground up with better features and have now migrated POSW to the superior XSN. The digital coin that powers the Stakenet platform is XSN. It features completely secure Trustless Proof of Stake and is compatible with the Lightning Network, which allows for instant transactions with little to no fees associated with them. XSN will be used to pay for any services on the platform. It can interact with other coins, which will make for many amazing opportunities for investors utilizing the program. For example, by using the platform’s Cross Chain Proof of Stake, holders can stake XSN and earn Bitcoin rewards. Users will also be able to pay anyone using any cryptocurrency just by having XSN. The coin will offer incredible flexibility in the way that it interacts with other cryptocurrencies.