Because PLATINCOIN is an international company with an international community. For this reason, the company needs to cooperate with international banks.

You can find a detailed answer to this question on Platincoin.com. The white paper and technical documentation are currently still under development because there have been so many improvements implemented over the past 6 months. They will be available online again soon.

Source code base: Litecoin 0.14.2

Hash algorithm: CryptoNight

Consensus Algorithm: Proof-of-Work (PoW)

Periodicity of new blocks: ~ 90 seconds

Block size: 4MB

Previously generated (tech) coins: 600 million

You can earn a passive income based on newly created coins in existing minting packs. The required products, such as Platincoin Farm and Platincoin Wallet, can be downloaded on your smartphone from Apple Store or the Google Play Store. If you follow the simple instructions attached, you can start using these apps within 24 hours.

With the help of blockchain-based smart contracts associated with a specific product, a customer wishing to purchase this product can use the system to purchase it on various platforms such as Platindeal or CoinsBit Store. Five times the value of the product in fiat money, that is, in euros, must be exchanged for PLATINCOIN and frozen in a smart contract for at least six months or a year. After this period, the buyer receives his frozen coins back. They become available again in his wallet, as well as the goods for which he froze them.

Example: a product costs 100 euros. Then it is necessary to freeze 500 euros in PLC coins in accordance with the current internal index of 5 euros. These are 100 PLC coins frozen in a smart contract. The customer receives their product, and after the freeze time has elapsed, their coins are also returned to their wallet.

Note: "Affording five times the amount" means freezing five times the value of a product in the form of PLC coins in a smart contract and getting the product for free.

PLATINCOIN does not engage in any authorized financial and legal transactions that must be controlled by BaFin.

Typically, tokens are not based on their own blockchain. Tokens are usually issued based on another cryptocurrency, for example, ICO based on Ethereum or Airdrop based on a third-party blockchain. Tokens are often a product or proof of ownership of a company. A token is considered a coin only when a separate blockchain is created for it.

The option to use gift certificates and freeze coins using smart contracts on the Platindeal platform will be officially announced as soon as the new, modified Platindeal platform goes live on the market.

With a smart contract, the project owner can upload his project on Platin Hero and raise funds for its financing. The project sponsors freeze the coins they donated on their smartphone in a smart contract that has a certain period, for example, one year. If the project for which the donation was made is successfully completed, then the donor receives 10% of the bonuses in the form of additional coins sent directly to his personal wallet after the expiration of the smart contract. These coins are immediately made available for his free disposal.

We are working to ensure that the distribution takes place in the first quarter of 2021.

At the moment, based on data from 2021, it is estimated that one blockchain place can generate up to 25 PLC per month, depending on the total number of PLC coins sold on the market, proportionally distributed among all owners of blockchain places.

However, this is just a sample calculation, a preliminary estimate based on the volume of coins in a sample month from the last quarter of 2020 and the estimated total number of blockchain places activated by users. The final number of coins generated by one place in the blockchain cannot be accurately estimated and is determined mainly based on the total volume of coins per month and the number of active blockchain places. This value can be higher or lower than the one indicated in the sample calculation.

Coins are transferred on a daily basis. We almost never receive messages from users about delays in withdrawal of funds. Nevertheless, we are trying to constantly improve and speed up the operation of our systems in order to be able to transfer minted coins from minting packages directly to the owner's main wallet at an even faster rate.

This is because the company still offers promotional packages with lower production costs for coins. As soon as a new product appears that shifts the production of coins towards reducing their supply in the market, and an additional deficit is created due to the emergence of various other projects, such as, for example, the blockchain-based crowdfunding platform Platin Hero - the price of a coin on free exchanges is sure to rise accordingly and will most likely significantly exceed the price of the coin on fixed-price exchanges.

The company is working on system based solutions that will allow smart contracts to be used in a rational and versatile way in the economy in the future. Today we continue to actively work on solutions that are suitable for mass use.

At this point, shutting down the blockchain is theoretically possible, but definitely undesirable, since it would be counterproductive for the products developed by the company and would harm its infrastructure projects. Once complete decentralization is achieved and the system can operate autonomously and independently, shutting down the blockchain will become impossible.

Blockchain-based decentralization is achieved when each PLC holder can set up their own node using their own server with the PLC Secure Box, thus achieving complete decentralization.

Blockchain-based decentralization of PLATINCOIN is the stated goal of the company. At the moment it is not yet 100% implemented, and we are working on it. Once this goal is achieved, it will be officially announced.

You are not obliged to do this, because every PLC holder makes the voluntary decision whether to freeze them or not. By freezing coins for a certain period, their owner receives a reward in the form of new coins, which are generated annually based on the total number of coins he has frozen.

The fixed price of the coin is not guaranteed in relation to its specific value. The current fixed price of the coin is based on the company's internal calculations within its development strategy, as well as analysis of the supply and demand of the coin in the free market.

The company is working on a system that will separate all the products and product platforms from the company in the future, and they will continue to work flawlessly in an autonomous mode, freely available with a connection to the Internet.

The 30% bonus in the form of newly generated coins on farms is based on an IT function. This value can change by either increasing or decreasing. The company has made the commercial decision to set the remuneration at 30% based on its internal financial considerations.

The option to freeze your coins is a voluntary and personal decision of the owner of the farm and the coins. In order to receive benefits, that is, bonuses in the form of new coins generated by the farm, you need to freeze your coins. The farm technology or the duration of its activity can be set for different periods of time using smart contracts. It is also possible to set a period longer than 10 years. It is the commercial decision of the company that existing farms will operate for 10 years. Generating new coins based on the operating time of the farm is a pre-programmed IT function. The percentage of profit is defined in the same way as the duration of the farm's life. In this regard, the company has also made a commercial decision to set profits at 30% based on its internal economic considerations.

Our debit card allows the exchange of various cryptocurrencies for fiat money and is thus an important link for using cryptocurrencies as a means of paying for goods in the real economy. In combination with this debit card, there is a separate application which operates as a payment service provider. As soon as the card becomes available to the mass market as a product, the cost of its registration will be announced.

The option to freeze your coins is a voluntary and personal decision of the owner of the farm and the coins. In order to receive benefits, that is, bonuses in the form of new coins generated by the farm, you need to freeze your coins. The farm technology or the duration of its activity can be set for different periods of time using smart contracts. It is also possible to set a period longer than 10 years. It is the commercial decision of the company that existing farms will operate for 10 years. Generating new coins based on the operating time of the farm is a pre-programmed IT function. The percentage of profit is defined in the same way as the duration of the farm's life. In this regard, the company has also made a commercial decision to set profits at 30% based on its internal economic considerations.

Bonuses and commission payments are integrated into the cost of minting packages to create PLATINCOIN, regardless of the number of packages sold and total sales.

Our debit card allows the exchange of various cryptocurrencies for fiat money and is thus an important link for using cryptocurrencies as a means of paying for goods in the real economy. In combination with this debit card, there is a separate application which operates as a payment service provider. As soon as the card becomes available to the mass market as a product, the cost of its registration will be announced.

As in any other enterprise, the proceeds are used by the company to build its infrastructure, for new products and their development, for marketing, research and new technologies, for training employees and much more, which ensures the company's competitiveness in the market. The company is working to expand into international markets and to provide its products with a reliable guarantee.

Definitely not, and this has already been confirmed by legal experts. Their legal assessment clearly determined that the PLATINCOIN sales system is legitimate and not a progressive system within the definitions of §16 (2) of the Unfair Competition Act (UWG). Pyramid schemes always provide products with a constantly increasing price during the sales process, which is not the case here. There is also no obligation to attract new partners. Additionally, real products are offered in the form of packs for minting (generating) new coins. That is, the company provides real and available products in the market.

Blockchain is a revolutionary technology for storing and transmitting data representing the next generation of Internet. It has enormous potential for any business, society and individually for each person, and also, it will have the greatest influence on the global economy in the next decade.

If the Internet is a repository of information, blockchain is the Internet of values that can be stored in a global distributed register. Such register cannot be forged or circumvented, as everyone can check it and no one can change anything in it. It is just brilliant technology!

With PLATINCOIN you can have a sustainable 30% yield per annum for the next 10 years with daily payments (MINTING). Minting is a form of mining coins that requires the use of a special Power MINTER software. Coins are extracted in it from those coins that a user already owns and has uploaded to the Power MINTER.

PLATINCOIN cryptocurrency (PLC) is a blockchain “product” and digital currency created to address online payment issues. PLATINCOIN means 100% transparent and secure transactions, high speed and anonymity, 7/24/365, a low entry threshold and integration of cryptocurrencies into people's real lives.

Platincoin is present on several popular platforms, such as Coinsbit; there are plans to get listed on other exchanges in the near future

The transaction speed is up to 170-180 per second. The same indicator for Bitcoin is now 7, for Ethereum - 20, for Dash - 48, Litecoin - 56, Bitcoin Cash - 60, PayPal - 193, Ripple - 1500, Visa - 24,000. Moreover, SegWit protocol is implemented in PLATINCOIN’s blockchain allowing for block increase up to 8 MB.

You can find technical information on PLATINCOIN's blockchain in " About Us - Technical Details" section

Its source code is at GitHub https://github.com/platincoin-project/platincoin

You can do it from the "Support" section in your dashboard or write your messge directly to support@platin-genesis.com