CraigsCoin is a currency which is focused on facilitating the process of ads listing. It is used as a
decentralized database of advertisements that can be implemented on any website or any other
third-party technology. CRAIG uses the X11 algorithm and is a pure proof-of-stake cryptocurrency.
The altcoin assures quick and safe transactions. The block time is 30 seconds, and the PoS interest
rate is set at 2% per annum. It was launched in September 2014 striving to provide the world with
trustless, decentralized classified ads listing. It uses a modified blockchain system to enable each user
to post ads directly on it without having the ability to delete or edit once it was published. Initially,
the fee is with a set value, but it is recalculated later. The financial transactions are traditionally
executed using the ADTX. The CRAIG coin also applies the feature of auction within any posted ad.
The winning bidder has to share the funds between the seller.