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10 Insights about TryCoin ICO

Jul 07, 2017 Posted /  5016 Views

10 Insights about TryCoin ICO

10 Insights about TryCoin ICO:

The name “TryCoin” is based upon the fact “Try it out”. Currently, many people don't have a clear knowledge about a crypto coin. Some of them misunderstand that it is an APP, some think it is a software and some think it is a website.  TryCoin is the first educational cryptocurrency aimed at helping more and more persons to learn about cryptocurrencies and the industry. Users, at, can learn how to operate digital currency, e.g.: downloading the wallet, sending and receiving coins, backing up the wallet, wallet encryption, POS minting, signing messages, all while receiving bonus try coins.

Here are the 10 insights about TryCoin ICO:

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1. What is TryCoin:

TryCoin is an educational cryptocurrency.  Users, at, can learn how to operate cryptocurrency, The name “TryCoin” is based upon the fact “Try it out” and helps users in tasks like downloading the wallet, sending and receiving coins, backing up the wallet, wallet encryption, POS minding, signing messages, all while receiving bonus trycoins. Today, many people do not have a clear understanding of what a crypto coin is; whether it is an APP, a software or a website - preventing them from understanding crypto coin. Their goal is to teach  1 million new customers about cryptocurrency industry.

2. TryCoin token details:

Trycoin is the Cryptocoin of, where users can learn the usage and operations of cryptocurrency. The algorithm employed in this cryptocurrency is PoS (Proof-of-Stake). And the total supply of coins is 6 million. The block time of the coin is 60 seconds much less than Bitcoin. And its block size is 10M.

3. PoS based cryptocurrency:

TryCoin is a PoS based crypto coin. Proof-of-stake (PoS) is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. In PoW based cryptocurrencies such as bitcoin, algorithm rewards participants who solve complicated puzzles to validate transactions and create new blocks (i.e. mining). Whereas in PoS-based cryptocurrencies the creator of the next block is chosen in a deterministic way, and the chance that an account is chosen depends on its stake. In PoS cryptocurrencies the blocks are usually said to be forged or minted, rather than mined.

4. TryCoin ICO:

The crowd sale of the TryCoin is scheduled to be launched on 10th July to 30th July with a goal of raising a maximum amount of 1000 BTC. The total amount of the tokens is restricted to 1,000,000,000 TCO.

5. Total supply of the coin:

The total supply of the TryCoins is limited to 6 billion tokens. From this, 1 billion TryCoin tokens are reserved for the ICO or the crowd sale.

6. The price of token:

The ICO price is very Cheap for the TryCoin and almost all investors or users can take part in it without the need for lots of money. For the first week, 1.5 DOGE = 1 TCO. For the second week, 2 DOGE = 1 TCO and for the third week, 2.5 DOGE = 1 TCO. IN the case of BTC, 700,000 TCO = 1 BTC and for LTC, 15000 TCO = 1 LTC.

7. Accepted tokens:

For the ICO, all cryptocurrencies including BTC, DOGE, and LTC are accepted. The price of the token in different cryptocurrencies is comparatively cheap.

8. Distribution of TryCoin:

Of the 6 billion TryCoins issued, 2 billion, will be preserved for future investment purposes, and for redistributing to bitcoin holders to extend their supports.  Of the rest 4 billion, 1.5 billion will be used to reward users who complete the relevant tasks or invite friends to use TryCoin, 1.5 billion will be used to ICO.  The team will hold onto 500 million TCO for basic R&D and operation expenses. 500 million will be used to some corporations, such as operating the exchange, maintaining the security service, advertising, supporting the TryCoin website, bonuses for the development of 3rd-party wallets, etc.

9. The vision of TryCoin:

In the coming six months, TryCoin will start its first operation and go live in various cryptocurrency exchanges, introducing various resources for the development of the wallet for both IOS as well as Android platforms and the development of online (web-based) tripartite support.  All crowdfunding will go into the running of TryCoin’s operations. 

10. Trycoin platform is inexpensive:

TryCoin is a rare and significant project because its cheap price allows even those who are unable to bear the loss of even a single bitcoin and to try out and experience the use of digital currency.  Additionally, TryCoin is a scientific crypto coin, serving to reduce the misunderstandings surrounding crypto coin, and help people understand that sending crypto coin is as easy as sending an email. 

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