- 1 Overview of Idena
- 2 Blockchain
- 3 Network
- 4 What is the value of Idena?
- 5 Where can I get Idena wallet?
- 6 What is Idena network?
- 7 Is this some kind of scam?
- 8 What is Idena?
- 9 What do you need to do to become a part of Idena network?
- 10 How do you earn money from Idena? Why would someone give you money for Idena?
- 11 How do I buy Idena?
- 12 How much can you earn per month?
- 13 What is the Reddit page for Idena?
- 14 History of Idena
Overview of Idena
Idena is working towards the best decentralized governance design and is building the instruments that will make it possible.Our ultimate goal is to have governance mechanisms for the Idena blockchain development fully driven by the community and co-funded by the Idena protocol as well as to provide decentralized means of governance and funding to any other projects.
Many new members will join the network and get their cryptoidentities.To stimulate the growth of the network and to spread the word about Idena, we invite you to take part in the “Invite a blogger” campaign.Tomorrow, on March 30, the Idena network will have the next validation ceremony.
What is the value of Idena?
One Idena (IDNA) is currently worth $0.28 on major cryptocurrency exchanges.You can also exchange one Idena for 0.00000482 bitcoin(s) on major exchanges.The value (or market capitalization) of all available Idena in U.S.dollars is $11.76 million.
Where can I get Idena wallet?
Idena produces its own wallet software that is available for download on its website, which allows you to store Idena on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is Idena network?
Idena is new cryptocurrency technology and, among many other things, it is a payment processing network that works over the internet.In order for the Idena network to work, it requires people who are part of that network and help to maintain it.Right now, there are people in Idena network.
Is this some kind of scam?
Take your time to read about this, investigate and decide for yourself.In order for you to start with Idena, no one will ask you for any money, you don’t need to invest in something special in order for you to start.You need just a little bit of time, for instance, 1 hour, every days.And the most likely situation is that you already have everything what it’s needed, a computer and internet connection.
What is Idena?
Idena is a novel way to formalize people on the blockchain.It does not collect or store personally identifiable information.Idena proves the humanness and uniqueness of its participants by running an AI-hard Turing test at the same time for everyone around the globe.The Idena blockchain is driven by proof-of-person consensus: Every node is linked to a cryptoidentity, one single person with equal voting power.The official Idena ticker is “DNA” and trades under that name on all the exchanges where it has been listed.The designation “IDNA” is for CryptoCompare.com only.
What do you need to do to become a part of Idena network?
For you to become a part of Idena network you need to pass validation.Validation is a simple test which takes place once every days exactly at .Take a look and see how live validation session and flips are solved in a video, recorded by one member of Idena Network.
How do you earn money from Idena? Why would someone give you money for Idena?
People who are members of the Idena network receive Idena coin reward for their task of maintaining the network.Idena network members receive Idena coin reward for their task of maintaining the network.Like any other currency (e.g.the dollar or the euro), you can buy or sell your Idena coins for some other currency.So, no one is paying you, it is just other people are interested in buying your Idena coins from you, and that is how you are getting money.Long story short, you can sell your Idena coins for other cryptocurrencies like bitcoin using websites that are doing exchange services.We will explain more in detail in some of our next articles.
How do I buy Idena?
It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Idena.
How much can you earn per month?
Very little, in the beginning, when considering the current price of Idena coin.If you look at this as a monthly income, it will be a small amount.But if you do this as a hobby and keep coins for a longer period of time, let’s say until the end of the year, the potential for price growth is quite big and you will be in a position to earn much more if you wait for a higher price and sell then.Maybe you are not familiar with a story about a man who payed 10 thousands Bitcoins for one pizza slice in 2010.If we do a calculation with a current Bitcoin price on our hands, that pizza slice costed that man about 400 millions of dollars in today’s value.With that considered, maybe you don’t have to wait for millions, but it is most likely that you will benefit more if you wait a bit and try to sell at a higher price later on.It is very hard to calculate monthly earnings, let’s say it’s somewhere between $20 at the start and about $70 dollars a month as time goes on.
What is the Reddit page for Idena?
The official Reddit community (subreddit) for Idena is r/Idena.