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[kicktracer011]

So since a while ago I started using Stakecube (My post got all the information you need on the site) and I got more involved with the site after confirming it was legit.
I invested some coins, and started receiving free coins through staking in their pool.

Since that time they did a lot of updates, and the most important one to me was the fact they added SCC coin.
SCC coin is a proof of stake coin that can be used on Stakecube to reduce your fees, and pay for private masternodes in the cloud. (They call it a private stake cloud).
They also offer masternodes for SCC, that start at 1000 SCC, but if you use the site you can claim a spot on a masternode for only 10 SCC which is really cheap as of now! (only 5000 satoshi for 1 SCC).

The most important part for most of the people here is that the coin has a very small supply compared to the members they have and the amount of cryptocurrency they stake.
Potential for this coin to moon is big!
The SCC supply is 18 million, with 1.4 million in circulation as of now.
Stakecube is adding more features every couple weeks/months which highly increases the price of SCC.


You can trade SCC on CREX24 (Legit exchange with low minimum withdrawal and deposit)
There are a few other exchanges such as Bitbox and Axnet but they have a low volume.

What do you think about SCC?

 

[kicktracer011]

So there have been a few updates since I posted about this coin for the last time.

- The hack of Stakecube.

As you can see there is a huge red candle.
The site got hacked and the coins got stolen from the site, making everyone lose their coins.
Worst of all, the hacker sold all the coins on crex24. The selling was done in one dump, in which the hacker brought down the price to 1 (!) satoshi.
Big amount of panic, but the Dev made sure everyone got reimbursed.
They took their own coins out of the premine and distributed that to the people that lost coins.
The price is slowly moving back, and the orderbook is getting padded.

- They released a private stake/masternode wallet for members.
The reason I am still buying SCC is because of this.
People can buy their own private stake wallet on the site and pay for it with SCC. A lot of bigger investors on the market are using Stakecube now to stake various coins. These investors want to use a private stake cloud so they dont have to share the staking rewards. For doing that, they need SCC, which they buy from the market (and getting the price up in value).
The private stake clouds were unaffected by the hack, making sure that people who invested a lot were safe and could still get their funds in and out of the site.

I believe this is also a reason for a lot of people to re-invest more in SCC.
Partly because people were reassured by the dev by the reimbursement of stolen coins, partly because the site will continue with their work, even after a hack.
Because lets be honest, if your site gets hacked its easier to throw a towel in the ring instead of fixing the mess the hacker left.
This shows the dev is very dedicated to his project. and keeps his promises.

I believe the price will continue on an upward trend.


I also have reasons on why the price might not continue upward.

First is the trust, some people might never re-invest after the stress of the hack. It is a problematic thing and it shows the site isnt 100% safe to invest your life savings.
Another reason is that the site is so new, and so is the coin, which bots take advantage of by manipulating the price of SCC.
There is a chance the coin will drop in value again after the hacker unloads the profits of the masternodes he set up on Vultr (SCC supports masternodes).
There is no information if the coins minted by the masternodes will be blocked by exchanges.

Personally, I am still buying more SCC. I take the hack as an advantage to get more SCC on the cheap.
I think the coin is solid enough to survive such bad news, and the orderbook partly agrees with me so far.
Snagged up a whole lot of coins at 500 Satoshi.

If you are up to date on the news, you can trade SCC here
Crex24 is a great site to start trading, and has the largest orderbook with SCC. I personally use it and tested it on withdrawals and deposits.

Anyone invested in SCC? What are your thoughts on this?

 

[kicktracer011]

So I continued buying after the hack, and I had faith in the project. Bought over 500 SCC at 800 till 500 Satoshi.
That is a total of $31 today. Back then it was like $20. I just made that $30 into $160! I sold 50% of my stack and earned $80
Only time will tell if the price keeps rising or it will drop again.
I recommend waiting for the dip and buying your own stack of SCC.

 

[happietappy]

So I continued buying after the hack, and I had faith in the project. Bought over 500 SCC at 800 till 500 Satoshi.
That is a total of $31 today. Back then it was like $20. I just made that $30 into $160! I sold 50% of my stack and earned $80
Only time will tell if the price keeps rising or it will drop again.
I recommend waiting for the dip and buying your own stack of SCC.

Nice post, well detailed.
I haven't heard about this alt, my question is are these profit from the coins you bought last year the hack i.e did you hodl from then till date?

Seems like i will keep an eye on this coin and wait for another dip, although i don't see how it differs from existing POS coins.

 

[kicktracer011]

Yes I held through the whole hacking deal. I also kept buying when the price lowered.
I was scared that they wouldn't refund and just quit but they didn't. Instead, they refunded every single person 100% over the course of a few months. They made money from fees and used those fees to pay everyone back.
This actually made me more invested because most companies that get hacked just quit and give up (cryptopia for example) but Stakecube refunded everyone for every coin from the fees they earned.
I think SCC has a good feature because of the "sell shovels in a gold rush" mentality. With SCC you get profits from people that want to stake but don't want to keep their computer on the whole day to stake.
I sold almost everything when the price was 5000 satoshi and im waiting till the price drops till 1000-1500 satoshi and hope it doesn't dip further. This is a gamble of course so I don't recommend following me exactly but look where you see opportunity and you think the price gets low enough to buy in. Dump those coins on Stakecube and you also get some passive interest.
This is just my personal opinion, and I dont recommend buying just on my personal opinion but instead take a look on the website and their Discord and ask them for all the info you need to know, they usually respond within a minute or two.