Verge Currency is a cryptocurrency designed for everyday use. It improves upon the original Bitcoin blockchain and aims to fulfill its initial purpose of providing individuals and businesses with a fast, efficient and decentralized way of making direct transactions while maintaining personal privacy.
Verge Currency makes it possible to engage in direct transactions quickly, efficiently and privately. With Verge Currency, businesses and individuals have flexible options for sending and receiving payments. With the flip of a switch, we offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small scale private payments.
Verge Currency was not pre-mined. The development team and contributors purchase the coins on the open market like anyone else. A pre-mine is a funding mechanism, whereby the developers of a currency allocate a certain amount to go to a particular address before releasing it to the public. Since there was no pre-mine or ICO, the team does not hold a significant amount of coins to affect the coin distribution or total circulation.
The maximum supply is capped at 16.5 billion XVG. Verge Currency is designed this way on purpose to allow for convenient payment amounts in everyday use. As opposed to Bitcoin, you would not have pay with 0.00004 BTC, for example. Another reason is to reduce the risk of market manipulation by making it harder to control a big portion of the total supply.