Ghost, John McAfee’s cryptocurrency, will launch on June 22.
John McAfee’s Ghost cryptocurrency is focused on a high level of privacy, and was announced a few months ago. Ghost is largely based on the open source PIVX, which in turn is a fork of Dash.
The launch is scheduled for June 22, with the possibility of carrying out atomic swaps with BTC, ETH, DAI and ESH.
ESH is the ERC20 token of the decentralized exchange switch, in which the GHOST token is already negotiable.
In fact, the ERC20 Ghost token already exists and debuted in the markets a few weeks ago at a price of $ 0.8.
On Monday, June 8, it reached almost $ 2 and then dropped to around $ 1.5.
Launch of the main network
However, Ghost’s core network will be launched on June 22 and only then will the cryptocurrency Ghost Coin exist.
The ERC20 GHOST token will be replaced by the new Ghost Coin tokens on June 22, with a 1: 1 ratio.
Details about Ghost Coin
Ghost Coin is a high level of privacy, based on Proof-of-Stake (POS), designed to help people operate as “ghosts” in their online transactions.
O official currency website explains the main concepts of PoS, such as decentralization, the possibility of fast transactions and the presence of validators called masternodes.
Transactions made in this cryptocurrency will use a deposit pool to protect and erase transaction history. They will also be verified using zero knowledge proof.
For its part, the Ghost network is an open and decentralized network, with no central company or owner, and is fully managed by the community.
It promises transactions processed in less than 120 seconds, with only a fraction of a cent as a commission cost.
As it is based on POS, it also allows the application of bets, and a form is available on the official website to calculate the estimated profits from the application of the future Ghost Coin.
In addition, as it also uses masternodes, it allows you to generate profits by running one.
Initially, the circulating offer will be only 13,573,415 tokens, but the total final offer will be 55,000,000.
The remaining 41,426,585 Ghosts tokens will be issued at a rate of 12 for each new block, that is, approximately every two minutes.
Of these twelve, 6 will be distributed to masternodes, while 4 to stakers. Another 2 will be reserved in a pool used for the future development and growth of the network.
The Ghost token is already being traded on some exchanges, including Uniswap, one of the largest DeFi exchanges.