Gulden Coin uses the scrypt algorithm, like Litecoin and Doge Coin, and can be mined with a GPU or CPU. There are going to be 1.68 Billion Gulden Coins in total, with about 1000 Gulden Coins per block, and a new block every 2.5 minutes. 170 million (10%) of Gulden Coins were premined, with 150 million reserved for distribution to Dutch citizens, and another 20 million for development and marketing.
The Project Team has gotten multiple Subway shops and other vendors to accept Guldencoin. They also have used the retail space intelligently to advertise their altcoin. Retail usage and foot traffic mean the average citizens who visit those locations are likely to tune in and learn more about Guldencoin in particular and cryptocurrency in general. That can only be a ‘good thing‘ in a vertical where far too projects are actually hustling up participation in this fashion.
The Gulden Coin has accomplished something that most Cryptocurrencies lack, it is actually used as real currency in everyday life. Gulden Coin is accepted at a growing number of Subway restaurants in the Netherlands. As can be seen in this video, customers can pay for their sandwich with Gulden Coin simply by scanning their phone over the QR code.
Guldencoin is now accepted at many outlets in Holland. If this team can continue this initiative, it seems likely that their cryptocoin will retain value.
The prize is going to be awarded to those altcoin projects that aren’t afraid to get dirty and who are willing to put in the work until their goals are achieved. So far, Guldencoin has been doing that a lot better than alternatives. Trading of NLG has picked up sharply in recent days, which also is a strong signal that the project is thriving.
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