We all know what NEM Foundation is all about and what’s going to do for the world in regards of blockchain technology, so I’m not going to go through all that as you already know all that.
What I am going to do instead, is to talk about COMSA and what are the benefits of having COMSA in the NEM ecosistem.
Now, the more experienced nemsters will claim “we already know”, but then again…this article is not about them…but about the new investors who like NEM and want to know how will NEM grow in terms of market cap, utility and popularity. For this reason, put your seat-belt in place and prepare to go from 0-60 in less than 9sec because what you’re about to witness regarding NEM ,is something that will make NASCAR racing look like a bunch of snails racing on the grass.
As far as I’m concerned, COMSA is the Wholy Grail of NEM and that’s because it will help XEM coin in 2 ways:
- COMSA will be an exchange platform, exchanging everything into anything. How does that go?
Well, it goes like this:
Let’s say that you have 1 bitcoin, 5 ethereum, 2 monero and 500$. Now, you want to send all that to your granny who lives happily at the other side of the world so she can get by with the monthly expenses.And you want her to receive all the amount into one fiat currency. Her currency. Great…now what?
Well, it’s quite simple. What COMSA will do, is to take all of your assets together, compile them into one single monetary value, and when you want to transfer money to granny, it will ask for a fee. Now, the fee will be in XEM. But of course, you don’t have any XEM…therefore, you will pay the equivalent of XEM in fee and Zaif Exchange which is integrated in COMSA, will take care of it. Make no mistake, your transaction fee will be minimal to zero compared to what people pay these days to move money :slight_smile: .
So, resuming to the subject, COMSA will take all of your assets, it doesn’t matter what types of currency you have, it will make 1 pack …1 transaction…calculated on how much it’s worth…and offer you in exchange the value you can send to granny. Now, that’s how COMSA works. And the fee will always be in XEM meaning traction and volume for XEM coin ! Get it? Transactions, COMSA…NEM…Price goes-up!
- COMSA will be a launch-pad for ICO’s but it will be more like an exclusive club rather than an open platform
Here it goes: The whitepapers say that COMSA will launch ICO’s based on NEM blockchain. Well, that’s great, I feel a lot of investors coming, but…wait a second…It seems it’s not enough to be an investor. With COMSA, you have to buy COMSA coins to participate in ICO’s launched within COMSA !
Ooops :slight_smile: ! So, basically, you need to purchase COMSA tokens to participate in ICO’s launched on COMSA. Now, how does that help us…the nemsters?
Well, aside from the fact that the transaction fees are in XEM, (volume will be a lot anyway), let’s not forget that COMSA is a platform based on NEM…and NEM is the Godfather among all the coins built around it. Everything that develops under NEM, will make XEM coin grow indirectly.
So, my advice is this: If you just stumbled-up into NEM…looking for something else on the web, but while reading, you started to like NEM, and while reading more, you became convinced that NEM Foundation brings real solutions to real problems, and as a result you bought XEM coins, then congrats, you’ve just bet on the winning horse in the race of the cryptocurrency.
What’s about to happen in October with the launch of COMSA and Catapult in November, whill shake Bitcoin so bad, that I wouldn’t be surprised if XEM will overcome Litecoin (it’s not far from it) and then to challenge Ripple by summer 2018. Believe in NEM, it’s the best horse to bet on !
Any questions or comments you might have, feel free to submit them here, I will gladly reply.