In this over-populated cryptocurrency sector, only few altcoins manage to grab the users’ attention. Throughout this article, we will spot the light on one of these few coins that are promising a stable and steady investment option for small-time investors. Meet CLAMS, a cryptocurrency which has been steadily rising ever since it was lauched.
WHAT IS CLAM COIN?
Clam Coin or CLAMS is a form of digital currency, which is created, transferred and verified through the combined effort of the computers that run the CLAMS software. It allows you to make payments and value transfers without authorization or censorship. CLAM was launched on May 24, 2014.
The term CLAM is an abbreviation of Caritas, Libertas, Aequitas, and Monetas, which stand for charity, liberty, equity and money, respectively. Since the present monetary system does not aim to support fairness, equality and freedom, CLAMS provides an option. It gives freedom from confiscation and taxation, and was distributed to accounts equally.
FEATURES.
CLAM Network.
CLAM developers launched a P2P CLAM network — something similar to the NXT network — that runs a native software and interconnects the computers that are running it. To become a part of the CLAMS network, you need only to run the CLAMS software on your home computer. The purpose of this network is to independently and collaboratively verify the transfer and creation of CLAMS.
Opposite to centralized networks, the more people who join the CLAMS network, the stronger it gets. The combined computing power of the CLAMS network is used to create and maintain the blockchain, where all CLAMS transactions are processed.
Initial Distribution.
CLAMS is the world’s first Proof-of-Chain cryptocurrency! The CLAMs network was created with the widest digital value distribution in history. The goal, from the very beginning of this project, was to create a cryptocurrency with the widest initial distribution. Ever.
Conventional “air-drop” mechanics lend themselves to trust-based developer promises. Giveaways on the other hand are notoriously susceptible to cheating and bias those who happen to hear of them.
Many intelligent people are aware that Bitcoin’s most valuable asset is the blockchain itself. The blockchain represents the combined efforts, commitment, and participation of the entire community. It is the revolution that sets cryptocurrency apart from other value systems. It is trust-less and wonderful.
So, the developers took the BTC, LTC, and DOGE blockchains, found every address with a balance above dust, and sent each and every one of them a little over 4.6 CLAMS. The total amount of clams distributed to BTC/LTC/DOGE addresses is 14,897,662.
Dig up old CLAMs!
Crypto users who controlled their own private keys on May 12, 2014 have FREE Clam coins within their reach. This is called Digging up old CLAMs! You can claim your CLAMs locally on your own machine. To do this, you need to download the wallet and sync it. After doing this, select File > Import Wallet and select your wallet.db for BTC, DOGE, or LTC. The CLAM client will rescan the blockchain and after just a few short minutes you should see your free CLAMs.
POWS. Active users are rewarded.
The CLAM network is secured through a unique system called Proof-of-Working-Stake (POWS), or, Digging for fresh CLAMs! Approximately once per minute, the network automatically selects one running unlocked client to process recent CLAM transactions, rewarding them 1 CLAM. This process happens entirely in the background. If the network selects your client, then all you’ll notice is that you’re 1 CLAM richer! This POWS system is the heart of the CLAM network, providing security and stabilizing the price over time.
To understand POWS, think of your CLAMs as raffle tickets. There’s a drawing each minute and the winner is rewarded with one freshly dug-up CLAM. While the prize always remains the same, your chances of winning vary according to how many tickets (CLAMs) you have.
POWS is an evironmentally friendly alternative to Bitcoin’s Proof-of-Work (POW) system. POW requires that users solve increasingly difficult math problems. This has created a hardware arms race that consumes massive amounts of electricity worldwide. With CLAMs POWS, it makes no difference if you’re using an ancient laptop or a quantum supercomputer!
POWS secures the CLAM network from double-spending just as POW does for Bitcoin. About once per minute the network selects one client to verify and process all pending CLAM transactions. A reward of 1 CLAM serves two fundamental purposes. It provides incentive for users to keep their clients running, which increases network security. The reward also helps to stabilize the CLAM price and supply over time by replenising CLAMs that are lost or destroyed by users.
Note that Proof-of-Working-Stake refers to CLAM’s unique implementation of Proof-Of-Stake. POS conventionally provides reward to staking users in proportion to the age of the coins they stake with. This results in what essentially operates like “interest”. It also, however, removes the incentive for users to stake consistently and secure the network. There is no incentive to stake now, as opposed to later, if the reward for doing so will simply accrue until that user chooses to stake and claim it.
POWS, like traditional POW, is designed to align incentives to stake with the benefit to the network of persistent competition for blocks. Therefore, a CLAM on the network is more akin to a POW miner. A CLAM represents something somewhat similar to a unit of hashing power in a POW network. If you do not stake (turn on your miner), you do not have the opportunity to be rewarded for securing the network.
How to stake CLAM coins.
- You need to deposit the Clam coins into your wallet and make sure you have staking turned on (it is on default, so you should be good to rock n roll!)
- Put your clams in Just Dice and turn on offsite staking. Just-Dice continues to attract the bulk of CLAM related activity with the investment continuing to grow from both staking and players gambling on the site.
CLAMS (CLAM) OVERVIEW.
Coincapmarket ranking:141.
Current coin Value: $8.66 (7.72%).
Market Cap: $22,492,082.
24hr volume: $1,108,020.
Circulating Supply: 2,596,357 CLAM.
Max. Supply: 16,338,551 CLAM.
(As of 2/9/2017).
Block Reward: 1 CLAM. Proof-Of-Stake reward is designed to replace coins lost, unclaimed or inaccessible over time. The block reward of 1 CLAM means that 525,960 new CLAMs are created each year. The annual rate of return varies in relation to the current active money supply.
Block Time: 1 Minute.
Minimum Stake Age: 500 blocks, or 4 hours. Target 8 hours 20 minutes.
Maximum Stake Age: Unlimited.
Exchanges.
Many of CLAM’s existing users are calling it a “clean” cryptocurrency — a reason why there has been a collaborative effort to list it on multiple cryptocurrency exchanges:
Wallets.
- Official CLAMS Desktop Wallet.
- Coinomi web wallet.
Faucets.
CLAM faucets available now are:
- http://xdeathwing.com/faucetv2.
- http://myfreeclams.com.
Each of these faucets pay out small amounts of CLAM every few hours, so be sure to check them regularly.
CLAM in Bitcoin Casinos.
Since it’s the most fairly distributed coin, CLAM is getting popular in casinos. With its stable growth since it was launched, this digital coin has grabbed the crypto owners’ attention that love to play gambling games using their coins.
If you wish to gamble with your CLAM, Just-Dice.com and FortuneJack.com both are popular and trusted gambling websites that accept CLAM deposits, bets, and withdrawals. They have both been known to pay out on-time and reliably.
- Just-Dice.com is a provably fair CLAM casino where you can play a fast paced dice game with a low 1% house edge and gamble with your CLAMs. Pick your chance to win and how much to bet, then select “hi or lo” to roll the dice and get an instant result, win or lose. Alternatively you can invest in the site’s bankroll, and share in the site’s profits (or losses), while helping offer bigger maximum bets to the players.
Just-Dice is run by a long-time member of the CLAMmunity, dooglus, who continues to spend countless hours assisting with CLAMs development and support. Using CLAMs on Just-Dice is more than just a game or an investment, it’s a contribution to the future of CLAMs itself.
- FortuneJack.com offers a whole suite of provably fair casino games, run by a highly skilled group of developers with 20 years’ experience in the gambling industry. FortuneJack isn’t just a casino. The site accepts a number of major cryptocurrencies and your balances can be exchanged.
- BitDice.me comes to you from the makers of DogeDice! Play dice, blackjack and roulette with your CLAMs.
IN CLOSING.
Money is ever present in our lives. We buy, sell, trade, and work by exchanging and transferring money. However, the current monetary system was not designed to support freedom, fairness and equality. CLAMS provides an alternative. CLAMS provides freedom from seizure and taxation. It exists on the network and cannot be seized or taxed. CLAMS provides the equality that the current system lacks. It was distributed EVENLY to over three million ‘accounts’ at its creation.
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