• Pura (PURA) Price

    Ever since the launch of Bitcoin and its meteoric rise in popularity, the number of cryptocurrencies in existence has increased dramatically. New crypto coins are being launched frequently with the idea of leveraging blockchain technology for worldwide applications. Even though many of these decentralised virtual coins have managed to venture into applications beyond serving as an alternative to fiat currency, we still have cryptocurrencies that aim to become a decentralised digital currency. Pura is one such player in this space.

    What is Pura?

    In simplest terms, Pura is an international, decentralised digital currency that enables users to transact with anyone from any corner of the world in real-time, directly and privately. Just like Bitcoin, there is no need for middlemen like banks or payment providers to facilitate transactions with Pura.

    All financial transactions are private and instant, and the records of the same are stored on the Pura blockchain which in turn, are backed up by servers across the world.

    In order to keep the Pura network up and running and protect it from external attacks, Pura protocol is coded to financially reward the individuals tasked with this responsibility. These people are known as masternodes owners and they operate servers that keep the network operational and online. Masternodes also ensure that all transactions are executed instantly and kept private.

    Masternode owners also ensure that Pura network remains decentralised. The owners and users take part in decisions concerning Pura, thus making it a decentralised cryptocurrency that is run by the people.

    In order to become a masternode owner, you need to accumulate 100,000 Pura tokens. Being a masternode owner has its perks - you earn regular rewards for hosting a masternode which can be liquidated anytime. It is just like earning interest on your savings.

    Pura is also the world’s first socially and environmentally conscious digital currency. It has been coded in such a way that 10 percent of its mining rewards are donated to the common good. The total supply of Pura is 350 million.

    Where to buy Pura cryptocurrency?

    Pura is an altcoin and in order to buy it, you will have to exchange it with Bitcoin. Therefore, the first step is to buy Bitcoin. Once you have BTC, you need to exchange the same for Pura at either Coinexchange or Kucoin.

    Pura Wallet

    The best way to store your Pura tokens is in the official wallet released by the developers of Pura. This wallet is available on the official website of Pura and the company in its next update will release Pura wallets for Android, iOS, and Mac.

    Pura Mining

    Pura is a mineable cryptocurrency that is based on the X11 algorithm. All mining resources can be found on Github and more information on the same can be found on the official website. For every block that is mined on the Pura blockchain, users are rewarded with 25.16 Pura.

    Pura Price Trends

    At the time of writing this article, 1 Pura token is worth approximately $0.26. The price has witnessed dramatic fluctuations since August 2017. It has made it past the $1 mark only once and since then, the price has been varying constantly at lower values. In December, the price breached past $0.7 again, only to dive dramatically thereafter. The ups and downs continued through 2018 as well, with the most recent nosedive taking place in March.

    DateOpenHighLowCloseVolumeMarket Cap
    5/30/20180.1828670.1860760.1629030.16389531793300132286
    5/29/20180.1632360.188070.1632360.17915228377800133683
    5/28/20180.1691260.1830250.1600210.16327329399600206079
    5/27/20180.1705770.1728290.1674080.16919729649300111380
    5/26/20180.1801660.1828910.1676420.170031313136002515240
    5/25/20180.1840210.2022350.1765350.180403319810002574470
    5/24/20180.1764330.1881580.1654540.183853306601002651280
    View MoreLess

    Risks associated with investing in Pura

    It is fair to say that in its very basic nature, Pura is quite similar to Bitcoin - a mineable decentralised digital currency which requires no middlemen for a transaction to take place. However, it is definitely not as popular as Bitcoin.

    Furthermore, from the price trends stated above, it is evident that the cryptocurrency is highly volatile and therefore, is quite risky to invest in. It is also susceptible to legal hurdles just like every other cryptocurrency, thus making it a risky instrument to hold.

    In such a scenario, it is better to invest your money in traditional, safer options like mutual funds . A good mutual fund can deliver strong returns in the long-run.

    Disclaimer:

    "The Reserve Bank of India (RBI) and Ministry of Finance has frequently cautioned the users, holders and traders of virtual currencies regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with virtual currencies. RBI also further clarified that it has not given any licence/authorisation to any entity/company to operate schemes or deals related to Bitcoin or any virtual currency. RBI has also barred its regulated entities from dealing or providing services to any individual or business entities dealing with cryptocurrency. The Ministry of Finance has also officially stated that virtual currencies are not legal tender or coin.

    A&A Dukaan Financial Service Private Limited (“BankBazaar”) does not endorse investing or dealing in virtual currencies in any manner. The information provided on our website is solely for illustrative purposes and should not constitute investment advice or assistance in investing or dealing with crypto currencies. If you decide to invest or deal in cryptocurrencies, you should be aware that you will be dealing with the respective individuals or business entities dealing in cryptocurrency and BankBazaar has no role in any manner in such transactions or dealings. We strongly advise our visitors to invest in legally recognised financial instruments rather than risking their capital on virtual currencies which are unregulated instruments."

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