It is said that CloakCoin not only presents the direction of the future of cryptocurrency, but it also is the future of cryptocurrency. With all the issues and restrictions that are clouding over the crypto market in the form of environmental and regulatory concerns, CloakCoin believes in exempting all of these concerns, one after another. We shall look forward to what makes CloakCoin an everlasting sensation in the cryptocurrency market.
What is CloakCoin to the World?
CloakCoin introduced itself as a fast and secure cryptocurrency asset in blockchain technology, presenting true global transaction freedom. It helps users execute their transactions within a mere 60 seconds. CloakCoin lets the user initiate transactions that are fully private and anonymous. As it runs over the Proof-of-Stake (POS) mechanism, these coins consume the lowest energy, and no expensive mining is required to get through the process.
CloakCoin is famous in the world and is often called a younger sibling to Bitcoin. The project came into being in 2014 and has been offering none other than high-grade security and privacy to its users. CloakCoin promises a world of viable currency transactions based on the green solution to Bitcoin and its codebase.
It is important to understand how CloakCoin works in the market before proceeding further into the project’s discussion. Designed to deliver untraceable and decentralized transfers, CloakCoin uses ENIGMA encryption to be sent anonymously.
Military-grade encryption is used to keep it out of the control of hackers. In addition to this, the user doesn’t have to trust other nodes for a private transaction. This process minimizes the fear of one’s funding being stolen or data breach. Being a scarce commodity, only 5.7 million coins are in circulation today, and 1 million are probably lost in wallets and lost passwords. This situation limits the inflation rate globally.
What makes CloakCoin so beneficial within the crypto world? Let us have a glimpse at some unique features offered by Cloak. Open Source means that a complete workable and transparent setup is presented to the investors. The users have utter trust in the services as it allows the stakeholder to peer review the software. Furthermore, the application is checked for bugs, malware, viruses, and tracking around the clock.
The next benefit of Cloak is the ability of this software to give innate financial freedom to its investor and owners. Through a minimalistic, simple, practical, and economical fashion, the system lets the holder control the finances in his life like a pro.
The sole purpose of Cloak is to ensure that no illegal markets and activities occur under its hood. With that being said, the Cloak Shield utilizes end-to-end encryption that permits the nodes to circumvent traffic analysis. Moreover, secure communication is provided, making the whole process private and protected.
Staying on the subject matter of benefits and pros of Cloak resources, the usability factor in this system is vast and far-fetched. It allows decentralized and digital monetary transactions. Any individual can access Cloak with a smartphone or a laptop. A beginner-friendly software with the least worries of a hacker. Isn’t that a dream?
Keeping the attention on protected currency transactions, CloakCoin offers direct and fast dealings. It means that the user doesn’t have to wait for slow network transactions and unsteady blocktimes. Keeping the coins in the wallet lets the user earn 6% annual interest as far as rewards are concerned. It is important to note here that CloakCoin does not function through master nodes.
Cloak resources are often referred to as “Be Your Own Bank” because of the untraceable store of wealth it brings on to the table. Active participation is also encouraged through this long-term investment. Green mining in the form of staked coins creates a chance of earning in the most secure way possible.
The CloakCoin was originally built to be rare, and they are the best shots at developing effective potential for the currency holders. The owners of the coins are free to fly with the freedom delivered by Cloak.
What Makes CloakCoin a Great Investment?
CloakCoin is being considered as the future of this generation and next. Words may not be enough to explain the level of greatness of the investment these coins bring. These coins have reached an all-time high of 36USD in 2017. It means that if you buy 2000 CloakCoin at the current price and it reaches back to its all-time high, your CloakCoin would be valued at 72000USD and you will receive an additional staking reward of 4320USD which shall be in your wallet if it reaches back to its all-time. CloakCoin also provides its users a very exceptional metric of 6% interest per year across their holdings as highlighted with the staking reward.
If that doesn’t tickle you, we have no clue what will. An exhaustive range of updates and upgrades are set up that will make the user millionaire in a matter of months. These updates include Atomic Swaps that will work like magic to establish an effective connection of CloakCoin with others. CloakCoin has presented itself as a superior coin in comparison to Monero and Dash, which are trading currently at $287.11 and $224.62 respectively. Since it foresees to become one of the most established privacy coins in cryptocurrency, the hodlers can see an exponential growth in the coming future.
In addition to this, Codebase upgrade to Bitcoin 0.21.0, Binance Smart Chain, Decentralized Finance updates is on their way to create a sensational uproar in the market. While we are on the subject of the most incredible investment opportunity ever in the history of the world, it is essential to remind the users of its benefits. The benefits that usability of Cloak resources hand over to the investors.
From security, protection, untraceability to innate freedom and transparency, CloakCoin offers nothing but profits. The earnings are sure to skyrocket, and the users are free to calculate the daily, monthly, and even yearly. The owners are guaranteed to see the graph going up; isn’t that the whole point?
The future is extensively bright for the coin holders as the upcoming updates are astonishingly well. In the next quarterly phase, Q3-Q4 of the year 2021, the developers are working on Wallet Features, security improvements for ENIGMA, and refining the algorithm of Cloak.
Along with this, the designers are focused on cleaning ENIGMA engine v1.3 and developing a promising fund system. They are also doing their world-class work on marketing techniques to send their message across. Some of them include promotional giveaways, building strategic partnerships, and integrated custom applications.
All of these updates are setting the stage for high-grade profit generation and revenue returns. If the user is looking for an investment that can bring money back in non-traditional ways, CloakCoin has to be their best bet.
Unlike Bitcoin, privacy comes naturally to these coins. A block-time of 60 seconds tells the user about the greatness of this chance. Is there anything more perfect than this opportunity with a pre-determined and calculated circulating supply and true anonymity?