October 8, 2014
DescriptionCrown was first launched as Crowncoin in the year 2014 as a European centric payment and investment vehicle. Bitcoin had consumed that market at that time. That’s why experts didn’t expect it to succeed. The team then realigned their vision and revamped the method of operation to build Crown not only as a leading digital token (known as CRW) but also a self-sustainable blockchain platform for building and running new economy applications. As a Bitcoin-based and inspired digital token Crown(CRW) can be used to pay for a wide variety of products and services. It can also be traded against other altcoins through various online exchanges. The Crown network was founded by Filip Major and Jan Brody in mid-2014. The team comprises of Artem Brazhnikov as the lead developer and Chris Kabble as the test manager among several other developers, designers and advisors. The team at Crown works with 1229 Tron Masternodes, to design its concept according to the self-government concept, which guarantees development and independence. The Crown Platform employs highly secure servers called “nodes” for all their operations. These nodes are used to host user applications, facilitate CRW payments and provide cryptographic proof of data integrity. Nodes are dedicated servers that connect to a blockchain network and help grow by hosting applications, validating cryptocurrency transactions and enabling the blockchain to act as an instant payment service. Due to numerous continuously growing nodes on a platform, it becomes very difficult to manage application platforms like Crown. One of the most vital roles of a node is to provide peerless security. A user can help the community grow by creating and running one of these servers, while consistently earning Crown(CRW) tokens as a reward. Crown coins can be bought in exchange of other cryptocoins like Bitcoin and Ethereum on a wide range of cryptocurrency exchanges like KuCoin, and Bittrex. While the CRW coin can be stored on several wallets like MyEtherWallet, Blockchain and Coinbase, there are special CRW wallets that allow a user to store the coins in. Crown offers the wallets to be created as desktop, mobile or paper wallets across various operating systems. Investment researchers and market players like Walletinvestor.com predict steady growth in the value and performance of the Crown token. If a user buys Crown worth 100 US dollars in July 2018 at the price of $0.399, they will be an owner of 250.579 CRW coins. Due to the predicted long term increase, price prognosis for July 2023 stands at 3.875 US Dollars.