1. Programme Name
2. Project Introduction
Verge Currency is a cryptocurrency designed for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining personal privacy.
Verge Currency makes it possible to engage in direct transactions quickly, efficiently and privately. With Verge Currency, businesses and individuals have flexible options for sending and receiving payments. With the flip of a switch, we offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small scale private payments.
Verge Currency was not pre-mined. The development team and contributors purchase the coins on the open market like anyone else. A pre-mine is a funding mechanism, whereby the developers of a currency allocate a certain amount to go to a particular address before releasing it to the public. Since there was no pre-mine or ICO, the team does not hold a significant amount of coins to affect the coin distribution or total circulation.
The maximum supply is capped at 16.5 billion XVG. Verge Currency is designed this way on purpose to allow for convenient payment amounts in everyday use.
Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. Huobi does not take responsibility for any resulting direct or indirect losses.
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