What is NANJCOIN?
The main objective here is to have a system that players of all kind with little backing, regional clubs and organizations can receive donations from willing supporters. Overly, the aim of this platform is to make NANJ a means of settlement in the sporting field mainly when making donations to teams of individual players.
The platform is the first Ethereum blockchain compliant with ERC-223 standard. Nanjcoin currently uses Proof-of-work as its consensus algorithm but plans are in place to shift the platform to Proof-of-stake. Through PoS users will get to stake their coins on the platform and get voting rights once they donate donations. Voting rights will consequently give them powers to say make proposals in the management of the sport team they donated at.