Eth-Classic, an open source, blockchain based distributed computing platform, has its cryptocurrency tokens called Ether Classic, which are exchange traded and used for DApps and smart contracts. Eth-Classic has an unlimited supply and the currency will be issued at a constant annual linear rate of 0.3 times the total annual amount of Ether Classic released in the pre-sale. Since more than 60 million Ether Classic tokens were created in the pre-sale, over 18 million tokens are released for circulation each year.
History of Eth-Classic
In the first half of 2016, Decentralised Autonomous Organisation (DAO) attempted to form a decentralised corporation over the Ethereum network. The DAO organised an Initial Coin Offering (ICO) and collected more than $140 million in Ether, after which the collection was entered into a smart contract.
Soon after, the bug was used in contract’s code by the hacker, allowing him to withdraw the DAO funds into another contract. The Ethereum network was a year old then and to tackle the situation, it was advised to drop the entire Ethereum blockchain to the pre-attack point and change the entries, which could enable the DAO investors to cancel the investments made and regain their Ethers. Since the idea did not appeal to many, Ethereum Classic was created.
The total number of Eth-Classic in circulation as of August 2017 is 94, 992, 225, and each ETC coin is priced at $16.20, which places the Eth-Classic total market capitalisation at $1.5 billion, making it the 11th largest by market capitalisation.
Where to sell Eth Classic Australia?
If you wish to sell Ethereum Classic Australia, to get fiat money in exchange for your coins, KryptoXchange is a reliable, online platform, which makes the process smooth, easy and uninterrupted.
Do you want to sell your Eth-Classic coins but afraid to do so online because you are not tech-savvy? If yes, don’t worry. Our platform comes with easy functionality, making the process simple and straightforward.
We don’t keep you waiting to get your cryptocurrency exchanged for fiat money, in fact, we believe in delivering prompt support. We process your order you sell Ethereum Classic in minutes so you get your money transferred to your account fast.
The best rate
If you have decided to sell your Eth-Classic coin, needless to say, you expect some benefit from the deal. We understand this and thus we provide the best price possible for your Eth-Classic tokens.
Click here to sell ETH Classic