Slimcoin

Established in 2014, Slimcoin is a peer-to-peer cryptocurrency based on PPCoin's and Bitcoin's designs. It combines proof-of-burn, proof-of-stake, and proof-of-work to offer block generation and network security. There are plans to release a token that will be launched alongside the specifically designed Dex, on Slimcoin's blockchain utilizing peer assets technology.

The token will be issued in a decentralized way and will be utilized initially as financial support for Slimcoin's development. Projects like OpenCharity, OpenTechnology, OpenDesign, and OpenInfrastructure may arise using the token as soon as Slimcoin's development is aligned with the industry standards.

There are different ways to get the token by helping with the validation process. The first is proof-of-work mining. Users can get Slimcoin by mining it with their computers. Slimcoin’s algorithm, DCrypt, is suited for CPU mining. The second is by proof-of-stake minting, which requires users to hold some Slimcoin and spend some time keeping their wallets open. The third is by proof-of-burn minting, and this is for users with large financial resources and the ability to invest long-term.

Slimcoin Wallet - installation and walkthrough