WeAreSatoshi (WSX) is an abandoned hybrid cryptocurrency launched in August 2014. It operates on a proof-of-work (PoW) consensus algorithm, specifically X11. The total supply of WSX is capped at 24,532,587 tokens, with a circulating supply of 24,809,180 tokens, which is approximately 62% of the total supply.
WeAreSatoshi (WSX) is a decentralized, secure proof of stake currency designed to bridge the gap between the current Bitcoin network and widespread adoption. It aims to solve key challenges faced by Bitcoin, such as counterparty risk mitigation, transaction scalability, and financial privacy. Here are some key features and uses of WSX:
Private Transactions: WSX uses a modified version of the Zerocoin protocol to allow users to transact privately across the network, breaking linkability between sender and receiver.
Passive Income: WSX holders can stake their coins to earn passive income, helping to overcome network inflation.
Scalability: WSX is designed to be scalable, allowing for faster transactions and better performance compared to traditional Bitcoin.
Ease of Use: The platform is designed for simplicity and ease of use, making it accessible to a broader user base.
Masternode Mining: WSX incorporates proof of stake and masternode mining, which helps to secure the network and validate transactions.
Fast Transactions: WSX enables users to move their money privately and quickly, within seconds.
These features make WSX a viable option for users seeking a more private, scalable, and user-friendly alternative to traditional cryptocurrencies.
To store WeAreSatoshi (WSX) tokens, you can use a variety of wallets and exchanges that support the token. Here are some options:
Wallets:
- Koinly: Koinly integrates with multiple exchanges and wallets, allowing you to securely auto-sync your data without needing private keys.
- Guarda Wallet: Guarda Wallet supports a wide range of cryptocurrencies, including WSX.
- Ellipal Wallet: Ellipal Wallet is another option that supports multiple cryptocurrencies, including WSX.
Exchanges:
- Cryptopia: Cryptopia is an exchange that supports WSX and allows you to store your tokens securely.
- Crex24: Crex24 is another exchange that supports WSX and provides a secure environment for storing your tokens.
Other Options:
- Web Wallets: WeAreSatoshi plans to offer web wallets as part of their roadmap, which will allow you to access your tokens from anywhere in the world.
- Mobile Apps: WeAreSatoshi also plans to offer mobile apps for storing and managing your WSX tokens.
Remember to always follow best practices for securing your wallets and exchanges, such as using strong passwords and enabling two-factor authentication.
To buy WeAreSatoshi (WSX) tokens, you can follow these steps:
Choose a Crypto Exchange: WeAreSatoshi is available on several exchanges. You can find the top exchanges with the highest 24-hour trading volume and current prices on websites like Coinranking or Blockspot.io.
Create an Account: Go to the chosen exchange's website and create an account. This typically involves providing personal information and verifying your identity.
Deposit Funds: Deposit the required fiat currency (e.g., USD) or another cryptocurrency (e.g., BTC) into your exchange account.
Search for WSX: Find the WeAreSatoshi (WSX) market on the exchange. This can usually be done by searching for "WSX" or "WeAreSatoshi" in the exchange's search bar.
Place an Order: Enter the amount of WSX you want to buy and the price you are willing to pay. You can set a market order or a limit order, depending on your preference.
Execute the Trade: Once you have set your order, execute the trade. The exchange will match your order with a seller, and the WSX tokens will be added to your account.
- Store Your Tokens: After purchasing WSX, make sure to store them securely in a wallet. You can use the exchange's built-in wallet or transfer the tokens to an external wallet for added security.
Remember to always follow the exchange's specific instructions and guidelines for buying and storing cryptocurrencies.