The bear market that is in effect since January of 2018 had everyone upset for a long time. All cryptocurrencies that incorporate PoS, PoW and Masternodes are in a downtrend. A new gem arised from the need of bringing back the profitability of GPU and CPU mining. A unique and different coin named SUQA is announced on 26 of September 2018 and entered the cryptocurrency world introducing new technologies and a new narrative to the current stuck and desperate-need-of-a-use-case market. Currently sitting at 140 satoshis, Let’s see what SUQA brings to the table.
Brand New Mining Algorithm: X22i
SUQA is the first cryptocurrency embodies the new algorithm X22i. Technical details of the algorithm can be found here. How does X22i contribute to mining? In a mining environment that has become highly centralized by the introduction of many ASICs that can mine very large sets of algorithms, X22i adds a quantum resistant part in its algorithm chain (SWIFFTX), raises the memory requirements by a factor of 4 in order to rule out FPGAs and ASICs. Additionally, to follow its vision of true decentralization, SUQA will hard fork in every 6 months in order to update the mining algorithm.
Time Locked Interest:
One of the interesting and prominent feature of SUQA is time locked interest. Time Locked Interest provides users the ability to earn from their term deposits for up to 5% APR (Annual Percentage Range) when time locked up to 4 weeks. (Interest calculator here.) All processes happen on the blockchain for maximum transparency and fairness. Unlike other coins, investors can earn through SUQA just by HODL’ing it.
Planning Ahead:
In order to make SUQA viable in both short and long term, the sentiment around the blockchain must bring value to the ecosystem. In order to bring value SUQA is introducing SUQA Foundation which is the ecosystem inside SUQA itself.
SUQA Foundation:
SUQA Foundation is a Decentralized Autonomous Philantropist Organization (What is DAO?) that rewards everyone inside its ecosystem securely and transparently. SUQA Foundation will lay the framework of a Cryptolancer platform which utilizes bounty programs to benefit both the employer and the employee. SUQA can be also used as a investing tool in order to fund Blockchain Startup Companies by pooling resources in a Startup Donation Rewards Pool. At the end of the day, we are all humans and sometimes we might be in need. In addition to Cryptolancers & Blockchain Startups, SUQA can also be used to donate funds to Charities by using SUQA awards programs.
SUQA at a glance:
- No ICO, NO premine, NO masternodes, NO pre-sale
- Fastest POW coin at 533 transactions per second. (Which is ~75 times faster than Bitcoin)
- Almost no transaction fees.
- Full replay protection and unique wallet addresses.
- Open-source project which is complete transparent.
Roadmap of the SUQA project (detailed roadmap can be found here.)
