Curs is one of the newer cryptocurrencies that was created in early 2018 and is currently in its early stages of development. What makes it unique is that it uses a combination of blockchain and AI to serve as a marketing channel for businesses. The project is built and operated by the CURS Foundation, a non-profit organization that is dedicated to promoting the adoption of cryptocurrency among small businesses.
As a cryptocurrency project that is in its infancy, you may be wondering where to start when it comes to marketing and promoting your business with CURS. In this blog post, we will discuss the various platforms that you can use to get the word out about your business, the pros and cons of each one, and how to optimize your efforts to get the best results.
The Basics
Before you dive into the nitty gritty, let’s establish the basics such as what is Curs, where can you get it, and what are its different mining types. Let’s also touch upon the differences between cryptocurrencies and blockchain technology. In case you’re wondering, cryptocurrencies are digital assets that utilize blockchain technology to maintain a secure and transparent ledger of transactions.
What Is CURS?
Curs is an acronym that stands for Currencies, Rebates and Specials. The cryptocurrency was initially created as a promotional tool for businesses that provide marketing services. The idea behind CURS is to allow businesses to offer their products at discounted prices when you make a purchase with cryptocurrency.
You might be wondering how this fits within the realm of blockchain technology. Essentially, blockchains like Ethereum, Bitcoin Cash, and many others, act as digital ledgers that maintain a record of transactions. Due to the public nature of these ledgers, the records cannot be tampered with. As a result, they are essentially transparent.
Where Can I Buy CURS?
While it is legal to purchase cryptocurrency in most parts of the world, it is not necessarily easy. You may have to search online to find a nearby cryptocurrency purchase location. Alternatively, you could use a cryptocurrency exchange that allows for the purchase of Bitcoin or Ethereum directly with cash.
Mining Types
The way in which cryptocurrencies are produced is through a process known as mining. Essentially, miners use specialized computing hardware to solve complex mathematical problems that are embedded in the blockchain. As a result, they contribute to the security, stability, and growth of the cryptocurrency networks.
There are four mining types that you should be aware of when determining which one to go with. These are:
- ASIC MINING
- GPU MINING
- CPU MINING
- XMR MINING
Each one has its perks and quirks. For instance, ASIC mining is ideal for those who want to securely store large amounts of cryptocurrency. GPU mining is great for those who want to quickly complete complex mathematical problems. CPU mining is ideal for those who want to securely store small amounts of cryptocurrency. XMR mining is great for those who want to quickly complete complex mathematical problems. Keep in mind that regardless of which type of mining you decide to go with, you will need an adequate power supply to ensure you are able to mine successfully.
Mining
Mining is the process of creating new cryptocurrencies or adding new features to existing cryptocurrencies. It is essential for the continued existence of cryptocurrencies as transactions cost money to process. Therefore, those who engage in mining get rewarded with newly minted coins or the ability to submit new features for existing cryptocurrencies.
In general, the more mining you do, the more coins (or tokens) you will earn. However, it is not a straight forward process. In order to successfully mine, you will need to set up your mining machine in a manner that allows for it to function optimally. In addition, you will need to purchase various mining components such as specialized cooling devices, high-end graphic cards, and power supplies.
Differences Between Cryptocurrencies and Blockchains
Before we move on, let’s discuss the differences between cryptocurrencies and blockchains. A cryptocurrency is a type of digital currency that is decentralized and operates independently of a central bank. Blockchains are a type of digital ledger that maintain a continuously growing list of transactions and are decentralized. Although many people use the terms ‘cryptocurrency’ and ‘blockchain’ interchangeably, they are not exactly the same. This is especially important to keep in mind if you are new to cryptocurrency.
Many cryptocurrencies such as Bitcoin and Ethereum utilize a blockchain. This means they are truly decentralized. In comparison, some other cryptocurrencies like Monacoin and Quasi-coin operate within a blockchain system but are not completely decentralized. The reason for this is because these currencies are considered ‘altcoins’ and are thus subject to the rules and regulations imposed by the Bitcoin Network. They may lack the true power of cryptocurrencies such as Bitcoin and Ethereum in which case, you may want to steer clear of them.
The CURS Token (CURS)
Now that you’re all caught up on the basics, let’s discuss the importance of the CURS token. Like all other cryptocurrencies, CURS is a tool for digital commerce. However, unlike many other cryptocurrencies, CURS is also designed to serve as a marketing channel for businesses. This means it has additional benefits for consumers and merchants alike. As a result, it is a must-have for anyone in the cryptocurrency space.
The Purpose Of The CURS Token
As we established above, CURS is a cryptocurrency that is designed to serve as a marketing tool for businesses. This is largely due to the presence of the tethered token known as the CURS. Let’s examine the role of the CURS token within the CURS project.
The CURS token plays two key roles in the CURS project. First, it is used as a means of payment for those who purchase products and services from participating businesses. Second, it is used to pay for promotions and discounts offered by participating businesses. In this way, the CURS token is essential for the continued existence of the CURS project.
Keep in mind that CURS is still in its early stages of development. As a result, you may encounter glitches along the way. However, the project team is working hard to ensure that the entire platform operates smoothly. Also, because CURS is a fairly new project, there is somewhat of a learning curve associated with it. To get the most out of it, you will need to take the time to familiarize yourself with how blockchain and AI (Artificial Intelligence) work together. In addition, you will need to be attentive to all developments pertaining to CURS.
The Role Of The CURS Foundation
The CURS Foundation is the non-profit organization that is responsible for overseeing the operation of the CURS Project. For the sake of full disclosure, I should also state that the CURS Project is a client of mine. As a result, I am invested in the outcome of the project and have a financial interest in its success.
The CURS Foundation was initially established in December 2017 by a group of cryptocurrency enthusiasts and businesses. The group of cryptocurrency enthusiasts and businesses came together in the wake of the 2017 bull run and recognized the need for a neutral party to oversee the operations of the growing list of cryptocurrencies. The role of the CURS Foundation is to act as a liaison between the participating business and customers. Also, the organization provides general counsel and helps participants understand the law and regulations pertaining to cryptocurrency.
As a marketing tool for businesses, CURS essentially provides a platform for consumers to find discounts and deals that are offered by diverse businesses across the globe. Essentially, the role of the CURS Foundation is to provide guidance, legal counsel, and connect consumers with businesses that they might not otherwise be able to access. In comparison, many blockchain projects such as LUXee Network and BoonEx are focused more upon generating revenue through the use of their platform. This is evident by their token models which are not based upon the Bitcoin Blockchain model.