ZClassic, a new beginning
A lot has happened lately with zclassic. It was a “forgotten” coin just a few months ago, valued under $2, until it was “re-taken” by its founder Rhett Craighton with the idea of merge-forking it to bitcoin, which made zclassic skyrocket reaching $240 back on January 7th.
After the fork, when every zclassic hodler got Bitcoin Private (BTCP) at a 1 to 1 ratio, zclassic dropped to $3–4.
The team that was working on zclassic and managed to successfully run the fork announced they were leaving zclassic to focus on BTCP, as they explained in this Medium post.
It’s understandable, then, that zclassic’s price is so low, as the market considers the coin “orphan” again: servers shut down, no development team, no one taking care of it.
Zclassic founder and his team are 100% dedicated to their new creation, BTCP, which we totally understand and support.
We also believe in BTCP, but we still believe in zclassic even more. It’s too good to forget about, it’s just too good to ignore.
We, a group of zclassic believers and “hodlers”, have created ZclassicBlue. We’ve decided to put together the necessary initial funds and the team to make zclassic great again.
In fact, we’ve already been working on the zclassic development:
- We have launched a fully-functional block explorer.
- Zclassic nodes are also expected to be shut down, and we already launched new ones.
- And more coming soon!
We are figuring out the long term funding strategy as well as a clear roadmap and the long term vision. We do not believe in a founder tax, which many of the cryptocurrencies out there have implemented, therefore we will look elsewhere for funding. We do hodl zclassic, and if we are successful, that should be reflected in the value of the coin. We believe that should be sufficient to cover some of our expenses. That, plus community donations 🙂
We know we will give great value to zclassic. We believe in zclassic as one of the top privacy coins out there. It has a huge potential because:
-It’s a proven, robust blockchain.
-The codebase is in a good shape and can be easily expanded. Zclassic is a fork of zcash which is a fork of bitcoin.
-It has built-in privacy: Zclassic implements ZK-SNARKS, which is the bleeding edge cryptographic solution to privacy, researched by cryptographers for the past 20+ years and reigning today as the safest, most secure option for privacy-centric blockchains.
-It is already trading on multiple exchanges, including Bittrex. Many coins have trouble getting listed these days, and for good reason.
-It is already well known in the crypto community.
-The protocol can be changed to Proof of Stake, as proven by the Zencash fork.
We truly believe in zclassic. In fact, our goal is zclassic to become one of the top 20 cryptocurrencies.
We are ambitious, we have a great team, we have a strong interest in zclassic succeeding and we have the determination, the drive and the funds to make it happen. We are ZclassicBlue (www.zclassicblue.org). Our email: team@zclassicblue.org. We are open to your comments and suggestions below or on our Discord page. Thank you!
(This is NOT an April’s fools joke. Today, April 1st, is the day the official zclassic team said they were shutting services down and that’s why we are announcing ZclassicBlue today).
