What Is Cloak Coin (CLOAK)?

What Is Cloak Coin (CLOAK)? Complete Guide Review About Cloak Coin.

What Is Cloak Coin (CLOAK)?

Cloak Coin proudly announce the revised Coin-ENIGMA white paper, which will explains how CloakCoin-ENIGMA technology works! The white paper details the evolution of Cloak The technology is thoroughly explained that means that Coin is prepared to become one of the true innovators in the crypto world. Instead of paying a fixed rate of ~$10 per SENSO, users can transfer their exchange purchased tokens straight to their Sensorium Galaxy balance. This can grant them a dynamic discount based on the fair market value of the token.

One of the key downsides of centralized in-game currencies is the lack of transparency, which exposes users to all sorts of manipulation. Cloak Coin, on the contrary, runs on Ethereum — a reliable, public network. All transactions are recorded on this blockchain. Everyone can access the public ledger at all times. Participants can also purchase SENSO straigh from the Sensorium Galaxy platform using payment cards. The fixed conversion rate is ~$10 per SENSO. This conversion rate is subjected to changes depending on multiple product and market related factors.

Cloak Coin Storage Key Points

Coin BasicInformation
Coin NameCloak Coin
Short NameCLOAK
Circulating Supply5,829,157.00 CLOAK
Total Supply5,829,157
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Lightning-fast

Experience almost instant transactions. Cloak Coin No more waiting for slow block times or network transactions to take place. Today Cloak offers advanced private, secure, decentralized and untraceable digital monetary transactions. User friendly, it will allow anybody with a computer or smartphone to safely participate in today’s digital currency markets with reduced worry of unwanted parties spying or hacking.

Earn rewards

Everyone can earn more with Cloak. 6% annual interest is rewarded for simply staking your coins in your wallet. The sole purpose of Cloak is to give its owners innate financial freedom in a simple, practical, economical and virtually instantaneous manner. However , it is not – and it never will be – the intention of Cloak to support illegal markets, activities or elements acting outside of the law.

Untraceable to you

Cloak Coin has onion-routing privacy set to default, or switch on state of the art ENIGMA for the ultimate in cloaking. Coin is a pure proof-of-stake (PoS) cryptocurrency that offers an interest of 6% per annum on staked coins. Should they wish, users are also eligible to a share in the network’s linear fee from 0.2% (>1000 coins) to 1% (0 coins) fee for their support towards ENIGMA transactions. It’s more energy efficient than mining and it’s easy to earn more Cloak by simply placing coins in your wallet.

Community focused

Cloak Coin live and breathe community and rely upon active participation and volunteers to help the project. Get involved. Cloak Shield utilizes end-to-end encryption and delivers secure communication out of the box, allowing nodes to circumvent traffic analysis. Combined with ENIGMA, it is the crème de la crème for privacy, utilizing up to 25 hops using symmetric RSA encryption backed by an ECDH key exchange. A decentralized purchasing mechanism opens new possibilities for users to access discounts.

Open source

Open source is important to Cloak Coin as it provides complete transparency and the ability to peer review the software. Users can have complete faith that the software is continually reviewed for bugs, tracking, malware or any other unwanted software. Cloak is designed to be a rarity and is such limited in supply, offering excellent potential to currency holders. Increasing circulating supply is minimal, raised by a theoretical maximum of 6% p.a. in line with rewards. Typically, this is a much lower % in reality, so the coin does not suffer from over-inflation and remains a scarce commodity.

Dear Cloak Coin Community, they’re very proud to announce that CloakCoin is now available on Trade Ogre! About Trade Ogre Trade Ogre was launched in 2018 and is an anonymous and centralized cryptocurrency. Sensorium Galaxy is built for freedom. The metaverse empowers users to liberate themselves from Earthly limitations at many different levels. This inspired to take the concept of in-game currencies and enhance it with blockchain technology. Transitioning from a centralized in-game currency model to a decentralized scheme offers various benefits for all Sensorium participants.