Aryacoin

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Discover Aryacoin's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Aryacoin?

Aryacoin (AYA) is a cryptocurrency designed to revolutionize money transfers with zero network fees and complete anonymity. It can be generated through mining and has a total supply of 1,200,000,000 AYA. Users can access the Aryacoin wallet via web and mobile browsers using their login details.

How is Aryacoin used?

Aryacoin (AYA) is a decentralized, open-source cryptocurrency that operates using peer-to-peer (P2P) technology. It allows users to make and receive crypto payments without high transaction fees. The platform offers various products, including AYAPAY and AryacoinExplorer, to facilitate the adoption of the AYA token. AYAPAY, in particular, is a wallet that enables users to manage their crypto transactions without incurring extra fees or costs. This technology is known as CloudWithdrawal, where funds are directly forwarded to users' wallets without third-party storage.

How do I store Aryacoin?

To store Aryacoin (AYA) tokens securely, you can use a variety of wallet options. Here are some steps and recommendations:

  1. Cold Wallets: These are offline wallets that provide the highest level of security. They are not connected to the internet, making them less vulnerable to hacking and other online threats.

  2. Multi-Currency Wallets: Guarda offers a multi-currency wallet that supports Aryacoin, allowing you to buy, send, receive, and store your AYA tokens securely.

  3. Platform-Specific Wallets: Coinomi provides wallets for multiple platforms, including Android, iOS, Windows, Linux, and macOS, to store, send, receive, and exchange your Aryacoin.

  1. Decentralized Wallets: Metamask Wallet is another option that supports millions of assets and blockchains, allowing you to trade your Aryacoin on decentralized exchanges.

Remember to choose a wallet that fits your needs and ensures the security of your AYA tokens.

How to buy Aryacoin?

To buy Aryacoin (AYA) tokens, follow these steps:

  1. Create an Account: Register on a cryptocurrency exchange that supports Aryacoin (AYA) trading. Popular exchanges include MEXC Global, CoinEx, and Gate.io. Ensure the exchange is reputable and suitable for your needs.

  2. Verify Your Identity: Complete the necessary identity verification steps to secure your account. This typically involves providing a government-issued identification document and enabling two-step verification.

  3. Fund Your Account: Deposit fiat currency into your exchange account using methods such as credit/debit cards, bank transfers, or third-party payment services. Some exchanges also offer over-the-counter (OTC) trading services for fiat-to-cryptocurrency conversions.

  1. Buy a Base Cryptocurrency: Use your deposited fiat to purchase a base cryptocurrency like USDT, ETH, or BNB. These can be easily traded for Aryacoin (AYA).

  2. Transfer to an AYA-Supporting Exchange: If your initial exchange does not support Aryacoin (AYA) trading, transfer your base cryptocurrency to an exchange that does, such as CoinEx or MEXC Global.

  3. Buy Aryacoin (AYA): Use your base cryptocurrency to buy Aryacoin (AYA) in the spot market. Select the AYA trading pair, such as AYA/USDT, and execute the trade.

  1. Store Your Aryacoin: Once purchased, you can store your Aryacoin (AYA) in your exchange account or transfer it to a personal cryptocurrency wallet for added security and flexibility.

Remember to research the exchange's fees, trading pairs, and any regional restrictions before making your purchase.

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History of Aryacoin

Aryacoin (AYA) is a cryptocurrency that operates on a decentralized platform using peer-to-peer (P2P) technology. The project's native token, AYA, can be generated through mining. The total supply of AYA is capped at 1,200,000,000 tokens.

The Aryacoin platform offers various products, including AYAPAY and AryacoinExplorer, to promote the adoption of the AYA token. AYAPAY allows users to make and receive crypto payments with low transaction fees.

The founders of Aryacoin have chosen to remain anonymous, but the project's progress and price can be tracked through various sources. Historical price data for AYA is available, showing its performance over time.

Aryacoin's price has fluctuated significantly, with an all-time high of $0.1734 on February 23, 2021, and an all-time low of $0.0003739 on February 11, 2024. The project's market capitalization and trading volume are also tracked and updated in real-time.

Despite the fluctuations, Aryacoin continues to operate and evolve, with its community and market information available for users to follow.

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How Aryacoin works

Aryacoin (AYA) is a cryptocurrency designed to provide users with a secure, anonymous, and affordable way to transfer electronic cash. Here's how it works:

Key Features
  • Decentralized and Peer-to-Peer: Aryacoin allows for direct transactions between users without any intermediaries, ensuring that users have full control over their funds.
  • Zero Network Fees: Unlike many other cryptocurrencies, Aryacoin does not charge any network fees for transactions, making it a cost-effective option.
  • Digital Wallet: Users can create and manage their own digital wallets, which are completely controlled by the user and not by the Aryacoin team. This ensures that users have full control over their funds and privacy.
Technology
  • Blockchain: Aryacoin operates on its own blockchain, which uses the Scrypt algorithm for mining. This algorithm is designed to be energy-efficient and accessible to a wider range of users.
  • Delayed Proof of Work (DPOW): Aryacoin uses Komodo's DPOW to enhance security. This technology leverages the security of other established blockchains like Bitcoin and Litecoin to protect against 51% attacks.
  • Cross-Chain Compatibility: Aryacoin is available on multiple blockchains, including Ethereum and Binance Smart Chain, allowing users to swap between different versions of the coin.
Security and Transparency
  • Decentralized Governance: Aryacoin is moving towards becoming a fully decentralized DAO (Decentralized Autonomous Organization), where all decisions are made through community voting. This ensures that no single entity has control over the coin.
  • CloudWithdrawal: Aryacoin's CloudWithdrawal technology allows for instant withdrawals without any extra fees or costs, providing users with more control over their funds.
Use Cases
  • Instant Payments: Aryacoin enables instant payment notifications and supports multiple cryptocurrencies.
  • Low Fees: The platform offers low fees for transactions, making it an attractive option for users.
  • Gaming and Rewards: Aryacoin has features like lottery and prediction games, as well as staking options for rewards.
Availability
  • Exchanges: Aryacoin can be bought and sold on various exchanges, including centralized and decentralized ones.
  • Wallets: Users can store their Aryacoin in official wallets or third-party wallets that support the coin.

Overall, Aryacoin aims to provide a secure, decentralized, and cost-effective way to transfer electronic cash, with a focus on user control and transparency.

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Aryacoin's strengths

Aryacoin (AYA) is a cryptocurrency that leverages blockchain technology to provide high trading and mining standards. One of its key strengths is its ability to offer low transaction fees. The AYAPAY wallet allows users to make and receive crypto payments without incurring high fees, making it an attractive option for those seeking cost-effective transactions.

Another strength of Aryacoin is its decentralized nature, utilizing peer-to-peer (P2P) technology to operate independently. This decentralized approach ensures that users have more control over their transactions and data.

Additionally, Aryacoin offers a range of products and tools, such as AryacoinExplorer, to support the adoption and use of the AYA token. These tools enhance the overall user experience and provide more functionality for token holders.

In terms of security, Aryacoin is supported by non-custodial wallets like Guarda, which ensures that users have full control over their funds and private keys. This setup provides an added layer of protection and peace of mind for investors.

Overall, Aryacoin's strengths lie in its low-fee transactions, decentralized architecture, and user-friendly tools, making it an attractive option for those looking to invest in a cryptocurrency with a focus on practical usability.

Aryacoin's risks

Aryacoin (AYA) is a cryptocurrency that carries significant financial risks. Trading in cryptocurrencies, including AYA, involves high risks, including the risk of losing some or all of the investment amount. This is due to the highly volatile nature of the cryptocurrency market, where prices can fluctuate rapidly and unpredictably.

Additionally, Aryacoin's price performance can be affected by various market factors, such as changes in global market sentiment, regulatory developments, and competition from other cryptocurrencies. The price of AYA can drop significantly, leading to substantial losses for investors. For example, the current price of AYA is 99.40% lower than its all-time high, indicating the potential for significant price swings.

Investors should be cautious and thoroughly understand the risks involved before investing in Aryacoin or any other cryptocurrency. It is essential to conduct thorough research, set realistic expectations, and develop a well-diversified investment strategy to mitigate potential losses.

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Did Aryacoin raise funds?

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Aryacoin’s team

  • Kiumars Parsa: Founder of Aryacoin, emphasizing community strength and robust technology, particularly the 0% network fees and AYAPAY, a cryptocurrency gateway that forwards funds directly to user wallets without extra fees.
  • Aya Kantorovich: Co-Founder & Co-CEO at Fractal Clearing, previously a founding team member at FalconXnetwork and PanteraCapital, with a focus on web3.0 and impact investments.
  • Aya Miyaguchi: Executive Director at Ethereum Foundation, with a background in managing director roles at Kraken Bitcoin Exchange and experience in operations, marketing, and education.
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