CureCoin

CureCoin | Cryptocurrency for Researching Diseases

Fight Diseases with CureCoin

CureCoin (CURE) is a cryptocurrency that was released in 2014, and its mission is to boost research on protein folding to cure diseases and produce new pharmaceuticals. The crypto-platform directly integrates Stanford’s folding @ home software, which utilizes CPUs and GPUs of those with spare processing power to analyze how folding of protein leads to diseases.

Proteins are long chains of amino acids, and before they can function, they must fold into a particular shape. Sometimes, proteins misfold which can cause horrible diseases like cancer, Alzheimer’s, Huntington’s, cystic fibrosis, and mad cow. If the misfolding of proteins can be better understood, then new medicines can be developed to cure diseases caused by protein misfolding.

Rewarding Users For Completing Calculations

Users are given points on the Stanford folding @ home platform, according to how many calculations they complete with their processing power. These points are redeemed for CureCoins; every day, 7,488 CURE are distributed to those who participate in protein folding. These coins can then be sold on an exchange for Bitcoin or USD, and right now each CureCoin is worth 25 cents and daily trading volume is tens of thousands of dollars.

Users also have the choice of keeping coins in their wallet and staking them to receive 1% interest. Currently, CureCoin’s platform uses the SHA-256 proof-of work (PoW) algorithm to maintain and secure its blockchain via mining, but it will be updated this year to become full proof-of-stake (PoS). Also, the interest will be increased from 1% to 4%. This is being done to make the platform energy efficient; mining uses a lot of energy and hurts the environment since that energy is produced by burning fossil fuels which releases pollutants. 80% of the coins produced daily are given to protein folding participants and 20% to those who secure the network with mining. 3% of coins were premined by the developers, and from this, they donated $25,000 to charities.

Promoting Advancement of Disease Research

Thus, CureCoin directly promotes the advancement of disease research and the development of new medicines via rewarding participants cryptocurrency for using their processing power to analyze protein folding. The crypto-platform currently has the #1 rank on Stanford’s folding @ home platform. This is a noble cause and is worth looking into if you are a cryptocurrency enthusiast. You will earn extra money and help rid the world of disease simply by running a program that uses processing power that was previously sitting idle.

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This is not advice.  Advice should be accepted by your chosen legal counsel only and financial advice should come from a licensed or certified financial professional. As always – do your homework and make decisions based on your own education.  Seek information and look into projects before adding to or diversifying your portfolios. 

2 Comments

  1. Great write-up!

    A couple of updates to make the article more accurate. 80% of token processing power (and electricity) goes directly to protein folding research. 20% is split between PoW SHA-256 mining and PoS wallet holders.

    Also, with April 2018 donations, the charitable division called the Curecoin Project will have donated over $38000 to charity (social media announcements are coming soon)

    You may want to mention “merge folding” and Folding Club – which both demonstrate the partnership between Curecoin and FoldingCoin to maximize value of the tokens earned (or donated).

    1. Thank You! This is the kind of GREAT FEEDBACK we need more of! If we can support each other in this evolving crypto space and work cooperatively, it will help us and the crypto industry grow! Once again, thanks!

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