Peercoin (PPC): tokenomics, risks and score
The first cryptocurrency to use proof of stake, introducing in 2012 the concept that now secures Ethereum and most of the sector.
What Peercoin is, and what it does
This is a base blockchain. It runs and secures its own network, and its token is what you pay to use that network and what secures it.
What the PPC token itself does: It can be staked to earn rewards, though a large part of those rewards is newly issued token rather than earned revenue.
Where it runs: Peercoin. Mechanism: The original hybrid proof of work and proof of stake. It has been running since 2012, so roughly 14 years.
The facts
- TICKER
- PPC
- SECTOR
- Layer 1
- CHAIN
- Peercoin
- LAUNCHED
- 2012, so around 14 years of operating history
- MECHANISM
- The original hybrid proof of work and proof of stake
- MAXIMUM SUPPLY
- No hard cap, with low ongoing issuance
- VALUE CAPTURE
- Staking only
- UPGRADE CONTROL
- Immutable
- VESTING
- In progress
- LIQUIDITY BAND
- Micro cap. Thin, often a single venue or pool. Treat the quoted price as indicative only.
How the score breaks down
Each dimension is explained on the directory page, and the reasoning behind it is taught in the Academy research process.
Supply and value capture
High ongoing issuance. New tokens are minted continuously and holders are diluted unless they participate. Holders can stake to earn rewards, though much of that reward is newly issued rather than earned revenue.
Contracts are immutable and there is no admin key. Nobody can change the rules after the fact. Ownership is moderately concentrated. A handful of large holders could move the market.
Where it is strong and where it is not
- Has operated for around 14 years and through at least one full bear market
- Immutable contracts with no admin key to abuse
- Audited, with published reports
- Fully open source, so the code can be independently reviewed
- High ongoing issuance dilutes holders who do not actively participate
- Thin liquidity. Check order book depth before assuming you can exit
Incident history
No major exploit, collapse or regulatory action on record against this asset.
Our read
The main risk
Almost no usage or development. Its importance is historical rather than as a live network.
Before you buy anything
Check the contract address against the project's own documentation rather than a search result or a screener link, since impersonation tokens with identical names and logos are listed constantly. Check the order book depth before assuming you can exit at the quoted price. And write down what would make you wrong before you buy, not after. The Academy thesis module covers why that single habit protects more capital than any indicator.