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Counos Coin is a cryptocurrency that operates on its own independent network with its own blockchain. It utilizes a SCRYPT-based algorithm and employs a proof-of-work mechanism similar to Bitcoin, with additional functions such as POA and POS. The total mining capacity of Counos Coin is 21 billion coins, with 16.8 billion units already mined at the time of its introduction. The remaining coins can be mined independently until reaching the cap. Counos Coin aims to provide the highest standards of reliability for global financial transactions and payments, and it is set to become the official currency of Counos Land in the Metaverse. The coin can be used to purchase gold from online sellers or buy properties in Counos Land. Users can acquire Counos Coin from the community, authorized agencies, or through exchange services. As a decentralized cryptocurrency, the legal ownership of Counos Coin resides with the users until the completion of a transaction. Currently, Counos Coin is accepted in the Counos Payment Gateway. The network rewards 150,000 units of Counos Coins for every mining block, and the average speed of computation and mining for a new block is approximately 2 minutes.
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