Why IPC was initally successful
In the beginning, developers thought IPC was unique, and then hundreds of other coins fell into the market, many of which were out there overnight. The struggle IPC faced was being recognized amongst the many different coins with similar specs.
That was one reason why IPC decided to upgrade its source code. They added new DGW3 technology to the coin, additionally some better peer matching and necessary code clean-up to make it more efficient. In 2014, after changes were made, the coin had gained general acceptance. The IPC needed a better payment system for their business and had to adjust its target market as a result.
These were MLM/ BizOps/ HYIP/ internet games type of business. IPC had a beautiful coin design, but others tried to use parts of the design. Others were even trying to re-use the name. However, amazingly against all the odds, Imperial Coin still powered on and was still trading on the growing number of exchanges and still has miners mining coins with renewed focus.
Also, many coins were providing users with source code and windows wallets. The Imperial Coin team had provided their users with four wallets (Windows, Linux32bit, Linux64bit, and Apple macOS) as a way to store Bitcoin. In 2014, 1.6 billion coins were available.
However, later in 2014, IPC was traded on Bleutrade, Comkort, and AllCrypt, and was on the voting list for at least 5 or more. The IPC team had created what they believed to be a very stable coin.
The Imperial Coin Concept
The Imperial coin concept originated in November 2013; and the domain names for the Imperial coin network were reserved as .net, .org, .biz, and .info. In the beginning, there was no target market set to develop or propagate towards IPC (Imperial Coin).
IPC was an Open source Neoscrypt cryptocurrency and was independent of any central bank or institution. Imperial coin focused on providing safe and secure transaction alternatives for three primary business areas:
1) Small business
2) Multi-level and Network Marketing (MLM Programs)
3) Internet Gaming (Online Games).
The Imperial coin was first launched on Facebook and Twitter in 2013. The reason behind launching on those two platforms was to bring additional users who had not enough knowledge of crypto. Within a short period of time, followers were in the hundreds, and the mining pool started to get busy.
Imperial Coin was later announced in the altcoin launching forum threads and was quite popular. IPC faced a little resistance at first, but within weeks, it was well accepted and had 200 miners. In July of 2014, owners decided to upgrade the coin specs and focus on specific markets. The team started focusing on maximum visibility and concentrating their marketing areas in Network and Multi-Level Marketing, Business Opportunities, as well as internet Gaming.
The Reason behind Making Imperial Coin
The IPC team developed it by hoping to capitalize on the growing altcoin market. Also, it hoped to fill the void created by “overnight coins” with a stable and long-term oriented coin that users might like and use.
In the current market, there are many cryptocurrencies available, including Bitcoin. Litecoin was created in 2011, and was created by Charlie Lee, a Formal Google Engineer, and an MIT graduate. It is based on the open-source global payment network, not controlled by any central authority and uses “scrypt” as proof of work. It has a […]
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