CLAM – Everyone Already Has It

Great news

If you owned any amount of Bitcoin, Dogecoin, or Litecoin on the 12th of May, 2014, then you already own CLAMs – about 0.02 BTC’s worth of it (at the time of writing), or about 4.6 CLAM.

What are CLAMs?

CLAM is a Proof of Stake (PoS) coin, meaning that no mining is necessary for the creation of new coins. Every minute or so, the CLAM network selects a random, unencrypted, running CLAM client and gives it one CLAM. The probability that you will be given a CLAM is based on your staking weight. Staking weight is calculated by taking the amount of CLAM you have rounded down to the nearest whole number. You cannot stake with anything less than 1 CLAM, therefore.

How to get more CLAMs

Just-Dice.com, a famous, old Bitcoin gambling site run by the trusty BitcoinTalk.org user “dooglus” reopened in December, accepting CLAM deposits, bets, and withdrawals. This spiked the amount of CLAM usage and has helped ensure the success of the coin. To claim your free CLAMs, type /dig <BTC/DOGE/LTC Address> <PRIVKEY>. It is safe – you’re not trusting anyone other than one of the most trusted Bitcoin users in the world. If you do not trust Dooglus to handle your private keys, you can claim your CLAMs locally on your own machine. To do this, you need to download the wallet and sync it. After doing this, select File > Import Wallet and select your wallet.db for BTC, DOGE, or LTC. The CLAM client will rescan the blockchain and after just a few short minutes you should see your free CLAMs; about 4.6 per address!

CLAM was fully distributed at its launch in May and there was no premine, so rest assured it is no pump-and-dump altcoin. CLAM by its very foundations as staying power and managed to dominate the markets for some time. CLAM faucets available now are:

http://xdeathwing.com/faucetv2

and

http://myfreeclams.com

Each of these faucets pay out small amounts of CLAM every few hours, so be sure to check them regularly.

Gambling CLAMs

sparkleclam

If you wish to gamble with your newly “dug” CLAM, Just-Dice.com and FortuneJack.com both are popular and trusted gambling websites that accept CLAM deposits, bets, and withdrawals. They have both been known to pay out on-time and reliably and Just-Dice can be argued to be the first or second most trusted gambling site affiliated with the Bitcoin community, the other site being Primedice, but that’s another story. Just-Dice offers a feature where you can invest your CLAM in their site. In fact, you can have up to 100x your on-site investment off-site, meaning you only need to put less than 1% of your investment on Just-Dice itself. This is a bit complicated, so I suggest you read Just-Dice’s FAQ before delving into off-site investments. The on-site investment feature, though, is very simple. You can invest and divest at will with no costs or fees. You earn 90% of net profit and take the losses. With a house edge of 1%, profit is guaranteed for Just-Dice especially since they stake over 50% of all the blocks. Your CLAMs will only grow at Just-Dice, but consider investing off-site. This helps stabilise the CLAM distribution problem.

You see, Just-Dice holds over 70% of all CLAM. This means that they stake an enormous amount of CLAMs and so they get richer and everyone else gets poorer. Off-site investments mean that YOU can stake and Just-Dice’s held-CLAM-amount decreases drastically.

Make sure to claim your CLAMs!

If you liked this article follow us on twitter @btc_feed and make sure to subscribe to our newsletter!

One Response

  1. Funkmaster December 11, 2016

Leave a Reply