FAQ's



Welcome to AZCOIN's official FAQ!

AZS Network is a new blockchain innovation for users to earn AZCoin , a cryptocurrency that you can mine on your mobile phone.
By playing the roles of Miner, Keeper, Witness, and Delegates AZS Network players will earn rewards in AZCoin. In order to make AZCoin valuable, AZCoin Network is specially designed as a network consisting of genuine people which fosters players to exchange goods, service and in real life with their AZCoin balance and eventually list AZCoin on major cryptocurrency exchanges for trading AZCoin with fiat money.
You cannot withdraw AZcoin yet in Phase 1. AZCoin is providing withdrawals under 6 months of project commencement.
AZCoin will be able to be transferred from phase 2. All members of the mining app will need to swap AZCoin to AZServices Token on the crypto wallet coming up in Phase 2. This will happen after members pass KYC on AZServices account . On the wallet app, members will then stake AZCoin to earn AZServices Token at 5% - 10% a month. Listing on exchanges will start on Phase 3, while phase 4 of AZCoin Network’s roadmap is the start of the AZS Blockchain. Listing of AZService Token on major cryptocurrency exchanges will allow players to utilize the AZCoin earned from mining to trade and sell. Note that the AZS Core Team do not and cannot fix the initial price of AZServices Token as the price depends on market dynamics and holders mindset. Please refer to our project road map in the White Paper. Bear in mind that it takes time and a collaborated effort to build the value of AZCoin and the ecosystem of AZServices, if you are looking free money then AZCoin Network is not the place for you.
AZCoin’s value will be backed by the population of AZServices Ecosystem, transaction volume services or goods exchange between AZCoin Network’s, liquidity in the exchange market and time.
Just like Bitcoin, its value was $0 back to its launch in 2008, but when its popularity grows and as time goes by, 1 Bitcoin is now trading at over US$ 60,000. As it takes time and a collaborated effort to build the value of AZCoin and the ecosystem of AZS. The more active people using AZcoin to mine cryptocurrency the more value it gets.
You do not have to pay any money to join AZS Network and earn AZCoin. However, it does not mean AZCoin is given for free.
To make AZCoin Network’s experience fun and rewarding, we strive to build a network of genuine people, foster interaction between players in real life and encourage players to exchange, services or goods in real life with AZCoin balance. Hence it takes your consistent commitment to make contributions to the community and AZCoin is your reward. The least you can do is to log in on a daily basis and activate a new mining session.
The AZS Network economic model is 500 millions.
i) New supply of AZS becomes 0 when the total user base has grown to 500 millions worldwide ii) Earlier joiner should be rewarded better than late joiners.
iii) Users with more contribution to the community should be rewarded better.
iv) Contribution made by AZS Network‘s core development team should be recognized and rewarded.
v) Total supply of is dependen 500 Million. The total supply of AZS = M + K + W + E when AZS Network ceases supply when it hits the 100 -million -users mark. M, K and W refers to the total AZCoin earned by all miners, keepers and witness before supply ceases. E refers to AZCoin rewarded to AZcoin Network’s core development team, which is 50% of (M + K + W). Hence, the actual amount of total supply of AZCoin is dependent on the total users activity before AZS Network hits the 100-million-user mark.
No, the AZCoin mining app does not eat up your data or battery, as the algorithm runs on cloud server. You do not need to leave the app open to mine.
Does not affect your phone’s performance, drain your battery, or use your network data. Once you open the app each day and activate your 12 hours mining session, you can even close the app and you will continue to mine.
The upgrade within the AZCoin Network is a gamification functionality by which members of the AZCoin Network can increase their mining rate for a year.
This boost the earned AZCoin in a short time and by so doing members are supporting the further growth into the next phase. Note that upgrades are not compulsory at all.
Network mining app is the first step into a full scale Blockchain project. We know Blockchain without people and users is pointless and useless hence the need for an initial starting point which sets the stage for real world use case of the upcoming Blockchain applications.
The theory is well proven. Real-life applications are seen on assets like Bitcoin, Etherum, Tether which people today are trading for goods, services and fiat money like US dollars. The backbone of the community of AZCoin Network rides on blockchain technology. You may refer to our white paper for better understanding.
1. WHAT IS AZS NETWORK AND AZCOIN ?

AZS Network is a new blockchain innovation for users to earn AZCoin , a cryptocurrency that you can mine on your mobile phone. Read more ...

2. CAN I WITHDRAW MY AZCOIN NOW? WHAT IS THE TIMELINE FOR WITHDRAWALS?

You cannot withdraw AZcoin yet in Phase 1. AZCoin is providing withdrawals under 6 months of project commencement. Read more ...

3. WHAT IS THE GROWTH POTENTIAL IN AZCOIN’S VALUE?

AZCoin’s value will be backed by the population of AZServices Ecosystem, transaction volume services or goods exchange between AZCoin Network’s, liquidity in the exchange market and time. Read more ...

4. WHAT DOES IT COST TO EARN AZCOIN ? DO I NEED TO PAY ANY MONEY?

You do not have to pay any money to join AZS Network and earn AZCoin. However, it does not mean AZCoin is given for free. Read more ...

5. WHAT IS THE TOTAL SUPPLY OF AZCOIN?

The AZS Network economic model is 500 millions. Read more ...

6. DOES THE APP DRAIN DATA OR BATTERY?

No, the AZCoin mining app does not eat up your data or battery, as the algorithm runs on cloud server. You do not need to leave the app open to mine. Read more ...

7. WHAT IS THE UPGRADE?

The upgrade within the AZCoin Network is a gamification functionality by which members of the AZCoin Network can increase their mining rate for a year. Read more ...

8. IS AZCOIN NETWORK LEGIT?

Network mining app is the first step into a full scale Blockchain project. We know Blockchain without people and users is pointless and useless hence the need for an initial starting point which sets the stage for real world use case of the upcoming Blockchain applications. Read more ...

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