Gulden (NLG) caught my eye today as a potential crypto investment. After reading the white paper, I was impressed by the idea of PoW^2, which is essentially a hybrid PoW/PoS platform model.
But the key things I like about the currency are the following:
- Direct currency pairing - NLG/EUR
- Direct transfers to European banks via IBAN numbers
- Strong community with mature support logistics
- Simple Android app
- Fast transfer times
- Low market cap combined with a low coin price.
- Large exchange acceptance - Bittrex
- Positive multi-month price trend
This coin is based on the old Dutch currency that existed before the euro.
I myself am both Dutch as well as a crypto-investor. I would not touch this crypto with a ten foot pole. I have no idea why it has spiked in value, the only explanation I can think of is that influential parties made a bunch of money with trading other crypto and put those profits into Gulden in order to create a buzz and possibly reach (Dutch) newspapers because of the crypto hype.
I see no chance in this coin ever becoming adopted by citizens of the Netherlands.
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Good points in this post. Really appreciate you bring this to our attention. It surprises me people don't do their due dilligence on the coins they invest in. How can you invest in something if you don't know it's Trustworthiness. I found this amazing platform: https://www.coincheckup.com. They researched and analyzed every tradable coin out there from a investment, team, product, transparency perspective. Really interesting.
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