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Price
$0.000419
9/27/2022, 3:04:04 PM
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Market

Market stats

Market cap

$35,984.05

Volume (24h)

$17.11

Circulating supply

85.8M TNS

All time high

$0.22

Price change (1h)

+1.14%

Price change (24h)

+7.95%

Price change (7d)

+24.93%

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Transcodium is on the rise this week.

The price of Transcodium has risen by 24.93% in the past 7 days. The price increased by 7.95% in the last 24 hours. In just the past hour, the price grew by 1.14%. The current price is $0.000419 per TNS. Transcodium is 99.81% below the all time high of $0.22.

The current circulating supply is 85,842,615.654 TNS.

About

What Is Transcodium (TNS)?

Transcodium is a blockchain-powered decentralized media transcoding, editing, and distribution platform. Transcoding means converting the format of a digital file to any desired format. According to the whitepaper, Transcodium is the first peer-to-peer blockchain platform in the segment. The platform aims to offer high-quality and reliable computational power at affordable prices. Likewise, Transcodium intends to allow users globally to rent their idle machines for being utilized as workers. 

Transcodium claims that transcoding is essential for social media and content streaming networks. Platforms like YouTube and Netflix, Transcodium states, need to convert videos into multiple file formats before making them available to the public. These conversions ensure that the shared videos are compatible with multiple devices like smartphones, tablets, laptops, televisions, etc. Moreover, the streaming platforms also need to transcode videos to match the internet connections of the devices to ensure a smooth experience. 

Customers who need computing power for transcoding can place their requests on the Transcodium network. Subsequently, the network allows the ‘workers’ or the idle computing power of the users to process transcoding requests. Transcodium seeks to offer high levels of privacy and optimum processing power. Likewise, the platform seeks to offer unlimited processing power to its customers at lower costs. 

TNS is the native cryptocurrency of the Transcodium network. Built on the Ethereum blockchain using ERC-20 architecture, TNS functions as a mode of payment on the platform. Also, users who rent their idle computing power seek to receive rewards in the form of TNS tokens, while users need the tokens to place requests. Transcodium also aims to allow TNS holders to trade and exchange the tokens with users within the ecosystem and outside of it. 

History of Transcodium (TNS)

Transcodium was initially created in 2015 as a visual cloud transcoding platform. However, the business was shut down due to the high costs of cloud computing. Subsequently, Transcodium was relaunched in 2016, and this time around, it used blockchain technology. The platform was cofounded by Jeetendra Kumar, Razak Zakari, and Abhishek Tiwari. Zakari is a technocrat and the CTO of Transcodium, while Tiwari is a senior blockchain developer and COO of the platform. The TNS token has a fixed supply of 120 million, and the platform claims that the supply will remain constant.

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FAQ

What is the current price of Transcodium?

The price of 1 Transcodium currently costs $0.000419.

What is the market cap of Transcodium?

The current market cap of Transcodium is $35.98K. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Transcodium?

The all-time high of Transcodium is $0.22. This all-time high is highest price paid for Transcodium since it was launched.

What is the 24 hour trading volume of Transcodium?

Over the last 24 hours, the trading volume of Transcodium is $17.11.

What other assets are similar to Transcodium?

Assets that have a similar market cap to Transcodium include AFEN Blockchain, Kawaii Islands, Scholarship Coin, and many others. To see a full list, see our comparable market cap assets.

How many Transcodium are there?

The current circulating supply of Transcodium is 86 million.

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