$Coinstirs Token Economics
The process of sending cryptocurrency to friends and making international payments can be costly, complex and time-consuming. Wouldn’t you love it when you could send crypto and the recipient received it in a matter of minutes?
This is exactly what Coinstirs can provide. Coinstirs lets users store, transfer, and receive crypto, and fiat easily. The idea is to facilitate swift and seamless cross-border transactions.
The procedure is easy: simply scan the QR code and transfer money directly to the wallet of the recipient with their mobile number.
Cryptocurrency is an innovative revolutionary technology which has the potential to help solve today’s most common financial issues. Coinstirs is determined to making the use of crypto easy and more convenient by eliminating any related complexities. We’re excited to reach this target!
Key Use Cases for $COINSTIRS
The token, $COINSTIRS , is an essential component of the ecosystem, acting as a method of payment for the users. People who buy $COINSTIRS are also eligible for additional benefits like cashback voting and lower exchange fees and personalized debit cards.
The core functions of the token $COINSTIRS:
Through the staking of $COINSTIRS, owners are able to access additional blockchain-related services, and while also earning an income that is passive. Stakers earn different rewards from their holdings over time, contingent on the amount of $COINSTIRS tokens that are staked.
Reduction in fees
If utility tokens can be employed for transactions, users can benefit from its intrinsic value as a currency rather than fiat currency. The use of $COINSTIRS allows for efficient transactions as well as lower gas costs. A higher percentage of $COINSTIRS ownership means lower costs for transactions.
The method of payment
The $COINSTIRS platform provides users with access to digital products and services without worrying about price fluctuations, or paying transaction charges. It is an option to pay to purchase products and services offered via COINSTIRS platform.
Holders of $COINSTIRS tokens have the ability to vote directly on any changes to the platform, or the introduction of new features. The higher the number of number of $COINSTIRS tokens held; the greater the influence a user is able to have.
COINSTIRS’s referral program gives token holders rewards to introduce the platform to an even larger audience. They can be rewarded with discounts, lower costs, and more!
More than 10% of the token allocations are set aside to pay reward points!
This strategy will not only motivate holders to share, but it will also foster a sense of belonging and community.
$COINSTIRS Token Release Schedule (Emissions)
The $COINSTIRS token will begin with a circulation of 8,469,295. The token will become inflationary over the course of the next 66 month and the entire supply will be made available. Tokens of $COINSTIRS that are associated with the liquidity round, public rounds and platform rewards will be gradually released during the time period.
$COINSTIRS Token Distribution
Some significant COINSTIRS updates are coming up:
COINSTIRS MVP Launch (Q4 2021)
COINSTIRS MVP launch and the COINSTIRS MVP’s debut and the creation of the token $COINSTIRS will be a major occasion for us this quarter. The events will highlight the development effort which has been done on the project from the beginning and what we are planning to do next!
Easy Swap Engine & COINSTIRS Debit Cards (Q2 2022)
In our list of most anticipated and significant features is our COINSTIRS Easy Swap Engine and Debit cards are expected to be available in the second quarter of this year. In Coinstirs’s Fiat Off-Ramp service and it’s Easy Swap Engine lets users to select the currency they would like to receive payments in.
Buy Now, Pay Later (Q4 2022)
The popularity of shopping online has resulted in the growth of flexible payment options. The internet has made shopping more accessible for those who have little cash in their pockets because they can pay less over the course of time. In a time of growing flexibility and freedom, shoppers have the option to choose how they make payments for purchases.
Coinstirs seeks to make payments using cryptocurrency simple and accessible to everyone. The implementation of BNPL payments allows customers to perform quick, easy and borderless transactions which is a defining feature of our values and mission.
There are numerous aspects to take into consideration prior to making the cross-border transfer.
The nature of payments made across borders is more complex than the domestic ones. Different countries have different degrees of which currencies they will accept, which means cross-border transactions between countries could require different payment methods or currencies.
Coinstirs was built upon blockchain technology and therefore, we don’t need to adhere to the same rules or regulations.
Transparency of transactions that is not backed by the consensus of those using it is security. This is why blockchain is the ideal system for international transactions and transactions that require rapidity and safety.
Through $COINSTIRS, users can transfer money abroad without the oversight, control or authorization from a third-party organization.
Coinstirs is a cryptocurrency alternative to mobile payment solutions. Coinstirs’ platform lets P2P payments simple, straightforward and easily accessible. As we move to an economy based on cryptocurrency, Coinstirs provides the market convenience required to facilitate cross-border payments globally. With our platform, we seek to facilitate global adoption of crypto and enhance the performance in financial transactions.