$ 0.0011 USD
$ 0.0011 USD
$ 109.85 million USD
$ 109.85m USD
$ 43,923 USD
$ 43,923 USD
$ 703,110 USD
$ 703,110 USD
0.00 0.00 AQUA
Issue Time
2021-11-09
Platform pertained to
--
Current coin price
$0.0011USD
Market Cap
$109.85mUSD
Volume of Transaction
24h
$43,923USD
Circulating supply
0.00AQUA
Volume of Transaction
7d
$703,110USD
Change
24h
0.00%
Number of Markets
18
Current Rate0
0.00USD
3H
0.00%
1D
0.00%
1W
0.00%
1M
-15.59%
1Y
+70.19%
All
-78.33%
Aspect | Information |
---|---|
Short Name | AQUA |
Full Name | Aquarius |
Founded Year | 2023 |
Support Exchanges | LOBSTR, Stellarx, VAULT, Stellarterm |
Storage Wallet | Hardware, Software, Web Wallets |
Contact | Telegram, Twitter, GitHub, Discord, Reddit, Medium, Email |
Aquarius (AQUA) is a type of cryptocurrency, created as a digital medium of exchange using cryptography to secure transactions and control the creation of new units. Aquarius works based on a decentralized peer-to-peer network, keeping it independent of central authority. As a digital currency, AQUA is stored and transacted in electronic wallets. It is designed to facilitate various financial transactions and services, similar to conventional currency but with the added advantage of cryptography for security.
The creation and management of AQUA tokens are governed by smart contracts on its respective blockchain network. Its blockchain utilizes proof-of-stake consensus mechanism, which distinguishes it from many other coins that use proof-of-work systems.
Pros | Cons |
---|---|
Decentralized Network | Market Volatility |
Based on Proof-of-Stake mechanism | Requires tech knowledge for effective usage |
Global Accessibility | Largely driven by speculation |
Unregulated and could be associated with illegal activities |
Over the coming decades, AQUA's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $0.00003524 and $0.005730. In 2040, our forecast suggests AQUA could reach a peak price of $0.01380,with a potential minimum around $0.00000794.Looking ahead to 2050, technical analysis indicates that AQUA's price could range from $0.005495 to $0.01512,with an estimated average trading price of about $0.005395.
Aquarius (AQUA) manifests several distinguishing features compared to other cryptocurrencies.
Primarily, it operates using a Proof-of-Stake (PoS) consensus mechanism, a newer protocol that contrasts with the widespread Proof-of-Work (PoW) system in place in many cryptocurrencies including Bitcoin. This PoS method reduces energy consumption, as it does not require intensive computational power to mine new blocks, positioning Aquarius as a potentially more environmentally friendly option.
Moreover, Aquarius, like other cryptocurrencies, uses cryptography for secure transactions, but what uniquely sets it apart is the specifics of its cryptographic algorithms, which differs from others in the terms of security level and efficiency.
However, it is important to note that while these innovations offer potential advantages, they also come with their own set of challenges, such as managing the integrity and security of the PoS environment, and ensuring the technology's robust performance. Also, the effectiveness of Aquarius's distinguishing features should ideally be backed by extensive user adoption to truly differentiate it from other cryptocurrencies.
As always, potential users and investors should conduct thorough research and consider the inherent volatility and risk within the crypto market.
Aquarius (AQUA) operates as a decentralized cryptocurrency built on a secure blockchain network. At its core, it uses a Proof-of-Stake (PoS) consensus mechanism, often regarded as more efficient and less energy-consuming than the more common Proof-of-Work (PoW) system. Unlike PoW, it does not require substantial computational power to solve complex problems, thus reducing the energy consumption.
Under this PoS system, owners of AQUA tokens can validate transactions and produce new blocks based on the proportion of coins they hold and offer as stake.
The transactions performed with AQUA are secured through cryptographical principles. Whenever a transaction occurs, it is grouped with others into a 'block'. This block is then added to the blockchain, a transparent and unchangeable ledger ensuring the legitimacy of all transactions.
Blockchain technology guarantees that AQUA coins cannot be spent twice by the same user, ensuring the prevention of potential fraudulent behavior. This works in tandem with the decentralized nature of the coin, which ensures that not a single entity has control over the network geographically or systemically, thus making manipulation or tampering very difficult and unlikely.
It's important to remember that while this mode of operation provides inherent security and is energy efficient, it also comes with unique challenges that need to be navigated, such as maintaining the security of the PoS system and dealing with the inherent market volatility of cryptocurrencies.
Aquarius (AQUA) operates with a mission to enhance liquidity on Stellar's network.
The primary strategy to achieve this goal is by incentivizing SDEX market makers and AMM liquidity providers. AQUA's system is designed to distribute a total daily reward of 7,000,000 AQUA to participants in its markets and pools.
Of this daily reward, 3,903,476 AQUA is allocated as the SDEX daily reward, directly benefiting those contributing to the Stellar Decentralized Exchange (SDEX).
In addition, 3,096,524 AQUA is established as the AMM daily reward, serving to incentivize Automated Market Makers (AMM) liquidity providers on the platform.
Through this reward distribution system, Aquarius maintains a steady circulation of AQUA tokens while simultaneously promoting increased liquidity of Stellar's network operations.
LOBSTR: It is a user-friendly platform for managing and trading digital assets issued on the Stellar network.
Stellarx: This is a comprehensive, full-featured trading app for Stellar's universal marketplace.
VAULT: VAULT is a self-custody platform for buying and selling digital assets.
StellarTerm: This is a web client that allows you to interact with the Stellar network, making accessing the decentral Stellar Exchange easy.
Don't forget to perform thorough research about security, fees, user interface, and customer support of the exchanges. It's also vital to keep your wallet software up to date, secure your private keys, and understand the risks associated with cryptocurrency trading.
1. Hardware wallets: These are physical devices that store your private keys offline. Because they are offline, they are considered the most secure option for storing cryptocurrencies. Examples of hardware wallets include Ledger and Trezor.
2. Software wallets: These are applications that you can download to your computer or smartphone. They are more convenient than hardware wallets, but they also come with more risk since they are connected to the internet and thus are potentially vulnerable to hacks. Examples of software wallets include MyEtherWallet, which is a free, open-source tool for ERC20 tokens.
3. Web wallets: These are wallets that are accessible via web browsers. They offer convenience but are generally considered less secure than hardware and some software wallets, as they are at risk of cyber attacks. There are various web wallets like MyEtherWallet.
In all cases, but particularly in the case of web and software wallets, it is crucial to ensure your computer system is secure, use strong passwords, and enable two-factor authentication where possible.
It's also worth mentioning that some exchanges offer wallets within their platforms. While these can offer convenience for trading, they tend to be less secure than dedicated wallets, especially considering the exchanges can be targeted by hackers.
Please note that the above wallets' support for AQUA is hypothetical. Always check for actual compatibility and do your research to ensure that the wallet you choose is reputable and suitably secure.
Aquarius (AQUA) and other types of cryptocurrency investments can be suitable for a variety of individuals, provided they understand their features and inherent risks.
1. Tech enthusiasts: For individuals who are interested in the use of blockchain technology and crypto tokens, investing in AQUA can be an ideal way to be part of this innovative digital industry.
2. Risk tolerant investors: Given the inherent volatility of cryptomarkets, AQUA can be suited for speculators and investors who have a high risk tolerance and are prepared for potentially sizable fluctuations in value.
3. Long-term believers: Those who believe in the long-term value of cryptocurrencies and the potential of the underlying technology may wish to invest in AQUA.
4. Active traders: Cryptocurrencies like AQUA can be appealing to active traders due to their volatile price swings, which can reward skilled trading strategies.
For those considering investing in AQUA, keep in mind the following advice:
- Research thoroughly: Investing in cryptocurrencies such as AQUA requires thorough background research. Understand how AQUA operates, its distinguishing features, benefits, and risks involved.
- Diversification: A diversified investment portfolio can help mitigate potential risks. Don't put all of your money into one cryptocurrency – diversify across different section of assets.
- Proportional investment: Invest only a proportion of your total capital that you can afford to lose given the volatility and unpredictability of cryptocurrencies.
- Secure storage of tokens: Be sure to store your AQUA tokens in a secure environment, like a reputable hardware or software wallet.
- Regular monitoring: The market trends of cryptocurrencies can change rapidly, so regularly monitoring your investment is essential.
Ultimately, anyone considering investing in Aquarius (AQUA) should do so based on their own personal circumstances, risk tolerance, and after carrying out in-depth research or consulting with a financial advisor.
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