Suqa: It Will Change the Crypto World

RevBen1989

4 min readNov 28, 2018

Many people who are now deeply invested cryptocurrency have one main regret; they wish they had invested in cryptocurrency from the very beginning. What if there is a cryptocurrency that provides them with the same opportunity, would they take the bull by both horns or sleep like the bears during winter? I believe there is a coin in 2018 that provides the same opportunity as Bitcoin provided in 2010. SuqaCoin has the solid fundamentals and exciting features to impact the world in 2018 and beyond like Bitcoin has been doing from 2010.

There are many new cryptocurrencies with great features that want to have the same impact that Bitcoin has have on the world. However, many of them lack the greatest feature of Bitcoin, which is Proof-of-Work (POW) that allows anyone to help with the creation of new coins. Yet, POW is not perfect. It has been dominated by asic miners that raises the difficulty of creating the coins and thus remove the one GPU/CPU home miners from the mining process.

Masternodes were meant to address this by giving each holder of a masternode the same chance of creating new coins over a given period of time. Masternodes have not solved the problem; masternodes tend to cost many native coins to setup and the average person is not able to afford the needed cryptocurrencies unless they get them from the very beginning. Many masternodes coins have no POW mining, leaving a pre-sale/ICO as the only way to obtain a masternode. Proof-of-Stake (POS) in its various forms is another consensus to create new cryptocurrencies. However, in order to mine any coin through POS, you need a large amount of the coin and your wallet has to be open all the time.

The only true way to decentralize the creation of cryptocurrencies is fair POW. Suqa has implemented what it believes is a fair POW in the form of the X22i algorithm, which is currently asic-resistant; the Suqa developers and community will continuously improve the algorithm to ensure that it remains asic-resistant. I am able to mine about one Suqa with my Nvidia 940mx per day without any optimization, while I am using for my laptop normally for applications like Youtube, Twitter, and Discord. Even without a GPU, you can still mine with a CPU. CPU mining will disrupt the normal flow of using a computer, however, there is another way to earn Suqa. You are able to time-lock your Suqa for a period of no-less than 28 days to get up to 5% APR. Locking your Suqa helps secure the network by helping to stabilize it, and for helping to secure the network, you get to share in the rewards produced on the network. I have time-locked various amounts of Suqa, with the smallest amount being 0.7699 Suqa that will mature to 0.7886 Suqa after 28 days. You do not need to open your wallet to gain Suqa through time-locking. This fact, and the low amount needed for time-locking, means anyone can earn Suqa passively.

The main aim of cryptocurrency according to Satoshi’s vision was to be a decentralized form of currency. This means that the development and future of a coin should be community driven. However, some of form of community-driven decentralized controlling body is also important for the prosperity of any cryptocurrency to prevent occurrences like BitcoinCash (BCH) hard forking into Bitcoin ABC and Bitcoin SV. With a community-driven decentralized controlling body, the community would decide which form of BCH they would forward with and there would be no need for a Hash War. This community-driven decentralized controlling body is called the SUQA Foundation.

The SUQA Foundation is a Decentralized Autonomous Philanthropist Organization that rewards everyone inside its ecosystem generously, securely, and transparently. SUQA Foundation will handle all the necessary marketing and development for the SUQA currency. This includes liquidation, ﬁnance for listing on all promised and guaranteed major exchanges, legal handlings, 3 decentralized websites as well as development and marketing for the web projects. The funding for the foundation activities comes in the form of a 9.090909% founders fees from each block that is mined. This is the only official source of revenue for the foundation; there was no pre-mine, no ICO, no pre-sale, and no masternodes. This form of funding means the founders have to work on the project until the last Suqa is mined. They will not benefit from dumping the coin as many other founders do. That would only decrease or destroy their future possible earnings.

This is the breakdown of the 10% founders fee:

Core Developers 2.5%

Foundation Rewards 2.5%

Marketing and Bounties 1.75%

Exchanges Listing 1.75%

Website Development and Hosting 0.5%

Legal Fees 0.1%

Suqa Compared New POW Altcoins

Time to Invest

I believe Suqa’s fundamentals as seen in the table above makes it one of the best new altcoins to invest in at the moment. In fact, it is one of the best altcoins to invest in now, period. During the Bitcoin Hash Wars, Suqa held its value steadily and does not seem to be heavily impacted by price of Bitcoin and the market overall despite being a mid-cap cryptocurrency. You do not want it to be said you missed the crypto revolution twice. If you do want to miss out, go to the links I have posted below and let your money work for you through this great investment.