Clams $CLAM

Clams is a unique cryptocurrency project that was initially distributed to 3,208,032 BTC, LTC, and DOGE addresses based on a snapshot of these blockchains taken on 12 May 2014. Each of these addresses received 4.60545574 CLAMs, contributing to a fascinating start in the crypto world.

Introduction to Clams

Launched with a unique approach, Clams had an intriguing start in the cryptocurrency market. Instead of the traditional initial coin offering (ICO) or pre-mining, Clams were distributed instantly to multiple BTC, LTC, and DOGE addresses. This method of distribution aimed to provide a fair start for all participants while promoting distribution among a broad range of users.

Clams Distribution and Supply

As of the initial distribution, 63,381 addresses have been dug, comprising 291,898.39 CLAMs. This innovative 'digging' method is part of the project's approach to circulating the tokens among the user base. If all the distributed CLAMs were dug up, the total money supply would be 15,009,015.13, marking a significant presence in the overall crypto market.

Proof-of-Stake Network

Unlike many other cryptocurrencies that utilise Proof-of-Work (PoW) consensus algorithms, Clams operates on a Proof-of-Stake (PoS) system. There is no PoW stage for Clams, highlighting its dedication to a more energy-efficient and sustainable model of operation. This PoS system secures the network while providing a streamlined experience for users.

Conclusion

Clams represents an intriguing project in the cryptocurrency space, offering a unique distribution model and a sustainable PoS system. Its innovative approach to decentralisation and commitment to broad distribution make it a project worth watching.