I've written about #CoinExchanges and #CryptoHedgeFunds a lot recently. But today I have something similar but also a little different.
AbacasXchange. A next-gen, multi-asset, crypto exchange. This is where the market is moving peeps, so stay tuned.
Smart Money
The reason is that I am a big fan of #CoinExchanges is that you are investing in 'key infrastructure'. Crypto exchanges act like the 'railways, freight and shipping lines' of the cryptocurrency world and therefore their coins ( theoretically ) should be worth investing in.
The logic is simple.
- If you invest in projects that allow money to flow into, around and out of the crypto space, then your investment risks are lower and your potential gains higher. Simply because there is a use case for the coin you hold.
- Conversely, if you invest in a project that has limited use, merely wants to 'beat Bitcoin with faster transactions' or is in an obscure market, then chances are you have put your money in the wrong place.
While you can easily flip a coin for profit now, this strategy won't work forever. The 'HODL or die' approach doesn't always work either, especially in a falling market.
To win the investment game, long term, you need a long term strategy and think like a pro. Having the ability to hedge out into gold, for example, when the crypto market is falling is genius.
Trends in Cryptocurrency
Before I talk about #AbacasXchange, I have to talk about the market and why a project like this one should interest you.
Firstly, Abacas is no ordinary 'FIAT-to-crypto' or 'crypto-to-crypto' exchange. It's an exchange where you can trade Bitcoin for stocks... or physical gold... and directly trade into the asset class you want. All from the one dashboard.
Mix-'n-matching your trades is a big deal in #FinTech. It's rare. And it's *new.
( *Abacas have had the smarts and the foresight to design an exchange for where the market will be in future. Rather than where it now is. )
Normally, with traditional investing, you have to trade out of one asset class to get into another. Usually via multiple trades, which incur multiple fees... which are not cheap. In short, it's not an easy thing to mix your portfolio so that you have a range of stocks, bonds, gold, oil and crypto.
Ababacas is one of the next-gen crypto exchanges seeking to solve that very problem. Multi-asset exchanges like Abacas is one of the big trends in crypto and is where the market is moving to. *Fast.
( *Especially with the recent amendments to the Dodd frank / investment laws in the USA that pave the way for amateur investors to trade and not just the professionals. It's just a matter of time before those amendments impact the market and big investment money enters the market. )
In short, we are moving away from the current type of crypto exchange that only trades in FIAT ( if you're lucky ) and crypto assets. As regulations form around cryptocurrency and it is integrated with traditional finance, new types of 'mixed asset' exchanges will rise to the top.
The Emerging Market
Next-gen exchanges like Abacas ( a great name ) will be attractive to professional traders who are used to trading stocks, bonds and derivatives.
While many amateur investors & startup companies in the crypto space are 'anti-regulation' by default, the reality is that the real world that crypto is moving into has rules to it. Like them or not, there are legal implications to actions taken in the financial markets.
While you could operate 'under the radar' up until now in the crypto space, as the market expands and inflates into the real world, a whole new set of rules comes into play. Making it impossible to continue to do that and stay viable unless you are happy to stay small scale.
Abacas
Okay, now that the scene has been set on the market and current climate, we can talk about Abacas.
Their motto says it all. "Any asset, anywhere, anytime".
Want to buy stocks using physical gold? Want to buy an asset for your portfolio with a minimum of fees attached? The trades you will be able to do on the next-gen exchanges is mind boggling.
Personally, I can't wait for the ability to trade across multiple exchanges via the one dashboard. A feature that is coming to many of the next-gen coin exchanges.
The ability to trade any asset you like, from the one place is an awesome thought. As compared to the dozen or so exchange accounts that I currently have and the 3 reference websites I use to monitor price action across the market. Yikes! What a head spin!
So I am excited when I hear about crypto projects like this one that are offering more than a 'crypto-to-crypto' ( no FIAT ) place to trade. So I will be signing up to road test Abacas when the platform launches and will post a full review later.
Website - https://token.abacasexchange.com
Whitepaper - https://abacasexchange.com/wp-content/uploads/The-Abacas-Protocol-Dec-2017-WP-VLSMV-v1.3.pdf
Thanks for watching,
Brendan Rohan - Indie developer of 'next gen' natural medicine from Melbourne, Australia
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DISCLAIMER: This article and all information on this channel & all content is offered purely for educational & entertainment purposes. Always do your own research when investing money and seek the help of a registered financial advisor.