Einsteinium is a system based on a foundation that was created to raise funds for scientific research projects. They have recently integrated the crowdfunding platform into their process which could be a trigger in the renewal of the scientific research community. The company is based on open source technology and is already part of the Bitcoin community.
The EMC2 uses a proof-of-work (PoW) algorithm that has a total of 299 million pieces. Under the proof of the mining system, the foundation will receive 2.5% of each block in which 0.5% will be devoted to donations and marketing costs, while 2% will be used to fund scientific research.
EMC2 was at an initial price of INR 2.87 on 15 September 2017 and then its price moved to INR 8.74 on 30 September 2017.
EMC2 was at an initial price of INR 8.05 on 2 October 2017 and then its price dropped to INR 4.36 on 30 October 2017.
EMC2 was at an initial price of INR 3.68 on 2 November 2017 and then its price took a huge leap to INR 28.70 on 30 October 2017.
EMC2 was at an initial price of INR 57.40 on 2 December 2017 and then its price spiked up to INR 50.08 on 30 December 2017.
EMC2 was at an initial price of INR 63.67 on 2 January 2018 and then its price took a downward leap to INR 30.64 on 31 January 2018.
EMC2 was at an initial price of INR 30.13 on 1 February 2018 and then its price dipped down to INR 20.12 on 28 February 2018.
According to the Einsteinium Foundation, scientific research is a long-term investment for our future and for the future of our planet. Funds are needed for the growth of research projects. There is no eligibility bar for a project to receive funding, as long as it is linked to scientific research to advance our knowledge and build a better and more secure world in the future.
As a result, the Einsteinium Foundation launched its EMC2 currency. The foundation was registered as a non-profit organization in Montreal with NPO cooperation. It is the first non-profit organization created in the world of cryptocurrencies with the purpose of raising funds to support the promising future of all kinds of scientific projects.
EMC2 automatically gives 2 percent of each block mined to the foundation's funds for use in donations. The Einsteinium Mining is divided into Epochs, each with 36,000 blocks of coins and is expected to last about 25 days. Einsteinium's proof-of-work will last 730 hours.