FoldingCoin is a cryptocurrency and a blockchain based reward system implemented as part of Stanford University [email protected] The project allows remote users to contribute their unused computing power to run computations for Stanford research about protein folding and its use in combating degenerative diseases. In the markets, the performance of the native coin, FoldingCoin, has been impressive. It started in mid-2014 at $0.0004 before climbing by 800% to $0.0039 a week later. Then, the price dropped to $0.00016 early in November 2014 and traded below $0.002 until April 2017. Starting from May 2017, the price rose steadily to hit a peak of $0.03. This was a huge growth of about 7400% from the starting price in 2014. But the growth did not last. It dropped in the subsequent months to reach a low of $0.008 early in November.
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