I'm just going to put this out there since every altcoin scammer is piling on this topic to try to pump their shit:
If there are ANY of the following words associated with an altcoin, it is shit-tier:
- presale
- IPO
- proof-of-[anything but work]
- staking
- affiliate
- masternode
- pump
- interest
- shares
So far the only valid 'proof' discovered that can scale economically is proof-of-work. Proof-of-stake is flawed for a currency until further notice, and unless a cryptocurrency has a chance to ascend to a Tier 2 economy (a transactional economy, and acting as *more* than just a speculative vehicle) then it is bunk. And unless a cryptocurrency significantly improves upon Bitcoin from a technological perspective (shuffling variables is not significant improvement) then it has no reason to exist.