Exploring the ecosystem and features of PirateCash

Pirate Cash is redefining crypto ecosystems with its treasure hunt, staking, and privacy-focused services, offering investors a unique way to engage and earn in DeFi.

When cryptocurrency was first introduced, the whole industry was touted as a game changer in how we manage and operate money. However, since then, despite the extraordinary achievements in the sector, nothing disruptive has emerged from the industry. This is perhaps due to the projects themselves, that seem to be more ways to “get rich quick” than aimed at financial revolution. 

With that said, there are several projects that are breaking the mold and are financially ambitious. Right now, as digital currencies evolve, crypto projects are moving beyond just being for transactions, and are now becoming entire ecosystems. One such project that aims to change the way we interact with digital assets is Pirate Cash. The Pirate Cash ecosystem offers its users a way to earn, trade, and engage with the community through smart services and incentives. And it does all this with the energy efficient Proof of stake blockchain. Let’s find out more about this new project and whether it’s worth investing in. 

Overview

Website: https://p.cash

Blockchain: Operates on its own blockchain, utilizing PoS consensus mechanism

Sector: Decentralized Finance (DeFi) and Staking

Token: PIRATE

Max Supply: ~105 Million Pirate

What is Pirate Cash?

Pirate Cash is a decentralized cryptocurrency ecosystem that works on the renowned Proof-of-Stake (PoS) consensus algorithm. It was launched in 2018 and focuses on energy efficiency and security.

According to the website, PirateCash is the proof-of-stake coin, which means it doesn’t require massive computing power to secure the network. It has a limited supply and cannot be printed or debased. There are only 105 million PIRATEs that will ever exist.

Pirate Cash offers staking rewards to users who participate in network security by holding and staking PIRATE coins. Adding to this, the project provides various services, such as a desktop wallet, mobile wallet, decentralized exchange, and staking pools. 

Regarding coin stacking, after PirateCash tokens are held for 8 hours, users are eligible to earn a 50 PIRATES reward and it will be halved each 4 years. 

Specifications

Pirate Cash has a block spacing of 120 seconds, and it needs 120 confirmations for transaction maturity. The difficulty retargeting happens with every block. The reward is 10 PIRATE for Proof of Work, but only for the first 100,000 blocks. For staking, coins need to be held for a minimum of 8 hours. The maximum coin supply is around 105 million PIRATE. Setting up a masternode needs 10,000 PIRATE coins. Pirate Cash is compatible with Binance Smart Chain (BSC) and has a unique token address for both BSC and TonCoin Token integration, which can be seen on the website.

Coin details

At the time of writing, according to information from CoinMarketCap, PIRATE is priced at $0.02087. It has a market cap of $567.10k and 24-hour trading volume of $467.48k. 

The total supply is 105m PIRATE and circulating supply of 27.16m PIRATE. The token’s all-time high was at $0.1362 and all-time low was at $0.003739.

Interested investors can buy PIRATE on PancakeSwap, STON.fi, among several other exchanges. 

Features and services

PirateCash offers a variety of services for its users. 

• PirateCash Staking Pool: This is next-generation pool mining. It allows users to earn rewards based on their pool share. This provides an accessible way to participate in mining. 
• Pirate Place: Pirate Place provides web 3.0 services specifically designed for PirateCash. The purpose here is to improve the platform’s capabilities and user experience.
• PirateCash’s Desktop Wallet: This wallet is a highly secure wallet program that runs on Windows, macOS, and Linux. It makes sure users can safely store and manage their PirateCash on different operating systems.

PirateCash treasure and milestone coins

The PirateCash project has announced a hidden treasure of 100,000 PIRATE, accessible through a seed phrase. The key to this phrase is encrypted within 24 unique coins, each representing one word of the phrase. So far, 8 coins have been released and are available on the Pirate Place website in the “Treasure” section. These coins aren’t just images; each one marks a significant milestone in the project’s history.

The First Coin — “Genesis 2020”: In 2020, four individuals saw the potential in PirateCash and united to form the PirateCash Foundation. The coin features four connected stars on its face, symbolizing this unity, and it serves as the key to the first word of the seed phrase.

The Second Coin — “Corsair Coin”: In 2024, PirateCash introduced the decentralized messenger Corsa, designed for secure, private communication. This coin is linked to the launch of Corsa, first presented at the 2024 Blockchain Forum in Dubai, and gives a hint to the second word of the seed phrase.

The Third Coin — “Back to the Future Coin”: This coin suggests to users that to purchase PIRATE at a lower price, they might need to look to the past when prices were lower.

The Fourth Coin — “Pirate’s Duty”: To obtain this coin, users must fulfill a unique “pirate duty,” which reveals the next clue in the seed phrase.

The Fifth Coin — “The Beekeeper”: Dedicated to the launch of the “Secure Portfolio” service, this coin represents a safe way to store portfolio data without server storage, similar to how bees protect their hive. Secure Portfolio guards user data just as fiercely.

The Sixth Coin — “The Deep Navigator”: Symbolizing deep exploration, this coin marks the rebranding of services and the aggregation of all PirateCash resources on a unified site, p.cash.

The Seventh Coin — “The Enigma Code”: This coin is linked to the Enigma service launch, which allows users to create self-destructing notes and share files with restricted access, offering an important hint to the seed phrase.

The Eighth Coin — “Victory at Trafalgar” This coin features Admiral Nelson and the Battle of Trafalgar, adding further clues and details to the riddle.

Upcoming Coins will also hold keys to the treasure hunt and are tied to other PirateCash services:

“Treasure map“: Visualizes coin prices as bubbles, allowing users to track price changes.

 “Pirates ART“: A unique service for creating graffiti with PIRATE, with payments accepted in BTC, LTC, Dogecoin, and other currencies.

“Corsa”: A unique anonymous chat service, Corsa offers secure conversations without registration. With no message storage on servers, Corsa keeps your data safe and visible only to chat participants.

“Checkmate”: A platform for playing checkers and chess with partners from Checkmate.

“Lungoliers” and “Ships”: New gaming projects planned for release in the future.

Additionally, the team has developed a tap-to-earn project aimed at expanding the community through an airdrop, making it accessible and engaging for new and existing users.

Pros

It is clear that Pirate Cash has a hoard of advantages that set it apart from other such projects in the crypto space. From its unique treasure hunt feature to its range of services such as staking pool, desktop wallet. Pirate Cash is a game changer, there’s no two ways about it. 

Adding to this list of strengths, is its energy efficient approach to operations. Adopting the Pos consensus mechanism and the low energy mining solution Raspinode is evidence for this commitment. 

Lastly, its strong community engagement and support make it a strong contender in the crypto landscape.

Cons

While the treasure hunt feature might be interesting and unique, it could end up being confusing to most investors. Another disadvantage is its customer support, which seems to be limited at the moment. 

Conclusion

Pirate Cash is a decentralized crypto ecosystem that uses the PoS consensus algorithm and focuses on energy efficiency and security.  With its unique treasure hunt, diverse services, staking, DEX, and hardware eco miner, PirateCash stands out as an intriguing project. The PirateCash team is focused on advancing privacy on the internet and is actively expanding the list of available services and integrations, working towards a complete ecosystem based on the website p.cash. Our verdict for this project is 4 on 5.

In October, the team launched a Tap-To-Earn project to promote its services, and soon active players will receive their rewards, with the game continuing to improve.

To learn more about PirateCash, visit the website and its socials.