FREQUENTLY ASKED QUESTIONS
The Muskcoin is a revolutionary digital currency that leverages blockchain technology to make a difference. It can easily be sent through the Internet from person to person with total security. What makes Muskcoin truly unique is its vision of DOING WELL BY DOING GOOD, benefiting not only investors but also small businesses and the communities they serve by pledging a portion of each coin bought to underprivileged communities. This is just one of the ways that Muskcoin provides the opportunity for its stakeholders to achieve their financial goals while making a difference.
Investors can benefit by coin growth, bonus coin allocations, profit share, and new token distributions.
Doing well by doing good.
Ten percent of our profits go towards registered non-profit organisations.
Non-profits that support social causes such as poverty alleviation, education, hunger relief and those that want to help businesses create a better future for the community.
A portion of the funds from token sales go to registered non-profit organizations these organizations provide certificates of donation that we can provide free to view on request.
Further some of the non-profits will be featured in our communication channels and can be contacted in certain cases.
Muskcoin can be bought on Tokpie Cryptocurrency exchange’s Token Sale Platform.
One billion coins are available worldwide.
200 millions coins is Muskcoin’s soft cap. This is the approximate amount available on exchanges.
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A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. Individual coin ownership records are stored in a
digital ledger, which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. Despite their name, cryptocurrencies are not necessarily considered to be currencies in the traditional
sense and while varying categorical treatments have been applied to them, including classification as commodities, securities, as well as currencies, cryptocurrencies are generally viewed as a distinct asset class in practice. Some crypto schemes use validators to maintain the cryptocurrency. In a proof of-
stake model, owners put up their tokens as collateral. In return, they get authority over the token in proportion to the amount they stake. Generally, these token stakers get additional ownership in the token over time via network fees, newly minted tokens or other such reward mechanisms.
Cryptocurrencies run on a distributed public ledger called blockchain, a record of all transactions updated and held by currency holders. Units of cryptocurrency are created through a process called mining, which involves using computer power to solve complicated mathematical problems that generate coins.
Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system… Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger.
A cryptocurrency wallet is a device, physical medium, program or a service which stores the public and/or private keys for cryptocurrency transactions.
Yes, it is possible! Unlike most traditional markets, cryptocurrency is 24/7.
Decentralized finance offers financial instruments without relying on intermediaries such as brokerages, exchanges, or banks. Instead, it uses smart contracts on a blockchain.
An airdrop is a distribution of a cryptocurrency token or coin, usually for free, to numerous wallet addresses. Airdrops are primarily implemented as a way of gaining attention and new followers, resulting in a larger user-base and a wider disbursement of coins.
Muskcoin will be partnering with smart contract auditors to ensure the integrity of the code and the KYC policies.
To prove to the market that you can make money and make a difference at the same time.
Yes. As long as you have access to an internet accessible device.
Tokpie Cryptocurrency exchange.
Not at this stage since Luno only lists larger coins at this stage.
They vary per transaction but are very low compared to the traditional transaction fees.
A non-fungible token is a non-interchangeable unit of data stored on a blockchain, a form of digital
ledger. Types of NFT data units may be associated with digital files such as photos, videos, and audio.
Because each token is uniquely identifiable, NFTs differ from blockchain cryptocurrencies, such as
A crypto asset is a digital representation of value that is not issued by a central bank, but is traded, transferred and stored electronically by natural and legal persons for the purpose of payment, investment and other forms of utility, and applies cryptography techniques in the underlying technology.
South Africa’s financial regulator is planning to unveil a regulatory framework covering cryptocurrencies early next year to help protect vulnerable members of society from highly risky assets.
Become part of a community that is making a difference and while doing well.
A reason to buy crypto currency it is seen as a store of value and it is deflationary by nature and does not require a large amount of start-up capital.
As all investments they are dependent on the particular project or company and a prudent measure is never to invest more than you can afford to.
Yes, normal income tax rules apply to crypto assets and affected taxpayers need to declare crypto assets’ gains or losses as part of their taxable income. The onus is on taxpayers to declare all crypto assets-related taxable income in the tax year in which it is received or accrued
Tokpie Crypto-currency exchange. Visit
Depending on your financial situation, it is recommended to invest between one and five percent of your financial portfolio in crypto.
You can use any wallet such as a Trust Wallet, Metamask wallet etc.