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SnowGem is an mPoW (Masternode Proof of Work) privacy cryptocurrency based on Bitcoin and Zcash protocols. Instead of reinventing the wheel, SnowGem derived from the first zk-SNARK privacy coin, Zcash, ensuring that privacy was a top priority when building the project. Adding Masternodes to the SnowGem network provides passive token generation and an additional layer of protection, making 51% attacks or any other malicious attacks on the network virtually impossible. We have laid down a privacy-centric foundation, and SnowGem will continue to pioneer in this environment, bringing value and innovation into space.
SnowGem must offer many products and services. SnowPay is our crypto prepaid debit card issued by Mastercard™, converting crypto to cash, allowing users to spend their funds anywhere that accepts Mastercard™. SnowPay also supports ATM withdrawals for immediate access to user funds. BitFrost is our multi-asset mobile light wallet app, an all-in-one tool for SnowPay debit card management, coin swapping, Masternode monitoring, and more. The mission of the SnowGem team is to push cryptocurrency adoption to the masses in a simple, easy, and user-friendly way.
Project Mission
Profitability
SnowGem will implement a rewards program, meaning owning SnowGem can bring you profits. We value our community, and your participation will not only be appreciated but rewarded.
Longevity
Its hard to find a perfect project right from the start. The SnowGem team has been listening to feedback from our community to ensure we remain relevant and stay ahead for years to come.
Privacy
SnowGem addresses privacy concerns through shielded transactions enabled by zk-SNARKs, hiding information about the sender, receiver, and the value of each transaction.
Usability
You can send SnowGem to anyone, anytime, anywhere. Fast transaction times ensure your money is at the right place at the right time with almost zero fees.
Ecosystem
BitFrost
BitFrost is our light wallet mobile app offering multi-asset support, coin swapping with SnowSwap, Masternode management through Asgard, and the ability to load a SnowPay Mastercard from your phone. A versatile crypto Swiss Army Knife.
SnowPay
Use your cryptocurrency wherever Mastercard is accepted with SnowPay. Load your favorite cryptocurrencies (including ERC-20 tokens) and start using your crypto when you need it. With ATM withdrawals, users gain immediate access to their funds.
SnowSwap
Quickly and easily swap your coins with SnowSwap. Low fees, fast transactions, and no registration required. Currently swapping: XSG, BTC, LTC, ETH, and ERC-20 tokens. Access SnowSwap via the BitFrost application.
Masternodes
Masternodes pay regular XSG payments to their owners by locking 10,000 XSG as collateral and operating a server. Each server hosts a full copy of the blockchain and provides a second layer of network protection.
Asgard
Asgard is a one-stop Masternode management tool providing one-click Masternode setup and optional low-cost hosting. With Asgards help, earning passive XSG becomes simple and easy.
Thor’s Hammer
Defending the SnowGem blockchain, Thor’s Hammer is our solution to 51% attacks. Our Masternode Proof of Work (mPoW) solution prevents double spending and other malicious attacks on the network.
*The above content is officially compiled by Nononion. If you want to reprint, please indicate the source.
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