Bitcoin Confidential is creating a new class of privacy coin and is backed by the SmartCash team and community. It’s meant to be untraceable to keep the amount, sender and receiver private while still being verifiable by the blockchain.
There was an airdrop of BC to all SmartCash holders to determine the initial supply.
You can earn rewards by setting up cold staking with coins to earn a part of block rewards for verifying transactions.
For more information check out https://bitcoinconfidential.cc/
For a full list of features of the coin go here: https://bitcoinconfidential.cc/features/