The Market of The Forbidden Currency:
While my friend and I were searching on Ripples, we find there are two exchange markets are offering Ripples side by side with PAC coins, one of these markets called CryptoPIA link is Here > https://www.cryptopia.co.nz
PACCoin capturing $380,443,303 USD of the market today and its pretty cheap coin, but.
There is no way to trade this coin where else but the market that trades them.
Other coin called BATCoin "not the Australian based coin Basic Attention Token" but another BAT that could be traded on the market. after the research, the market closed this currency, that means those who bought this currency, they physically donated to the name of BAT with their own dollars.
Now lets see some facts and answer the why:
1st the market controls when you buy or sell a coin, the exchange market even could be the only exchange market of the coin, for example SLOTH or BAT, only offered for trades on Cryptopia. but the market close on the buyers and seller's fingers. That means the currency you bought with your USD or Bitcoin actually went to a suggested name of a suggested coin that adapted by the market as a currency, that it might be there is a company even related to it.
2nd that is the second wisdom point, the market could adapt any type of coins, that means anyone can come with a coin to be traded, and people will buy and sell actually "air," as shown, there is no existing company related to the coins sold on public market. "this is just an opinion" not to be hold in responsibility of the writer.
Tips for selling or buying Crypto Coins:
1- check on the market first and find out if the coin that you are trying to find is exist or not, to check on the market, go to this link > https://coinmarketcap.com
2- It will be very useful if you buy coins that captures over $1B of the market, since it has a vast of investors already.
3- Choose the coin that has at least 3 markets to exchange them, if one of the exchange curated, transfer them to another market, so keep your finishers safe.
4- Buy from important exchange company. The must trusted names so far are:
https://www.coinbase.com
and
https://www.binance.com
That was our experience for today to share with you :)