Hi everyone,
I hope you all are doing well.
Homework week 7 post for @besticofinder is here.
Two cryptocurrencies where I would like to invest my money for my good future.
Cryptocurrencies use decentralized technology to allow customers to make secure payments and save money without having to use their name or go through a bank. They operate on a distributed public ledger called the blockchain, which is a record of all transactions held and maintained by currency holders. If you are wondering which cryptocurrency to invest in, you need to understand that this is all about the basics.
Choosing a cryptocurrency investment can be easy, you need to do a little research first.
There are many things to decide which cryptocurrency to invest in. Because there are so many beginnings in the corrupt world, most people don't understand the basics of investing.
A small part of a cryptocurrency's success is following it, so look for cryptocurrencies with strong communities and loyal followers, as it shows that people have a real interest and belief in cryptocurrencies.
If you are confused about coins, going to forums and checking out the community on (Reddit) is a great way to understand the hype behind an altcoin and whether you should make an investment.
So if you need help understanding how the process, technology, etc. So this is a great place to start. Fundamental analysis, simply means the foundation of an investment:
your team,
your ambitions,
your strengths, etc.
Therefore, understanding the basics of analytics will help you make better investment decisions. And in a market where most people chase low-quality altcoins.
One of the most important things you can research is the cryptocurrency team. In fact, researching and testing the team behind crypto is one of the most important factors you can find.
Who is behind cryptocurrencies?
Do you trust their abilities?
Are they ambitious?
Do they have a track record of success?
These are all important questions when deciding which cryptocurrency to invest in because a team has the power to drive them to success or failure.
Vision and Ambition.
And without a fair vision and a mission, the coin is going to struggle to become a real competitor or disruptor in their industry.
A big part of a cryptocurrency's success is the core technology:
You have to understand how you are performing against your rivals.
While the short-term benefits can be interesting and you may be thinking about swing trading, you still need to think about where the cryptocurrency will be in the next 3, 5, 15 years.
See if they have personally invested in the project.
Take a look at other crypto projects they have worked on.
What is the reputation as a CEO?
Research what the leadership team has to say about the coin and what they are trying to achieve.
Are they price fluctuations?
When the market falls sharply, which happens regularly, was the currency flexible?
Are their prices high all the time? If they have risen all the time.
Understanding the price history of a cryptocurrency may be a new concept for you. Most people have no idea! what they are looking at!
So if you are a beginner, I wouldn't bother to predict the future price, just stick to the basics.
At the end of the day, if they have a bad reputation, then you know you probably shouldn't invest your money in them; you really need a solid reputation and trust to be successful in this field.
It is currently in the top 50 cryptocurrencies in terms of total market capitalization.
OmiseGo:
OmiseGo is a great example of a company with a solid team. It is part of the Omise Group, which has a proven track record of developing successful technologies.
OMG has formed teams in Japan, Indonesia, Singapore and Thailand.
They are primarily targeting the Southeast Asian market, as we'll see later in this review.
It has already announced high-profile partnerships with companies like McDonald's Thailand.
OmiseGo McDonald's Association
So what exactly is OmiseGo and how does it work?
OmiseGo is basically a payment platform where they have designed to process peer-to-peer payments.
Its overall goal is to make it easier for businesses and merchants to accept digital payments in both crypto and fiat currency.
What problem does OmiseGo solve?
Cryptocurrency is not mainstream yet.
So imagine how difficult it is for businesses to accept cryptocurrency payments right now. Especially in Southeast Asia.
OmiseGo is probably solving a big problem.
Transforming the banking industry.
The Southeast Asian banking industry is one of the fastest growing financial markets in the world.
Therefore, OmiseGo's blockchain technology is developing at the right time.
The second problem with the Southeast Asian financial system is that it is highly fragmented.
Combining international payments is not easy. So this is a problem that OmiseGo can solve well.
You see, you don't need a bank account to use OmiseGo.
So this is an easy solution for people living in Southeast Asia.
So what makes the OmiseGo technology unique?
OmiseGo Token is based on the Ethereum network.
It promises some impressive key features, including.
• Low transaction fees.
• Quick pay.
Payment platform for both fiat currency and cryptocurrencies.
A strong team of seasoned blockchain developers (including the founders of Ethereum).
High volume expandable transactions.
It is impossible for OmiseGo to be an ambitious project.
SD wallet.
Here's a software development kit (SDK) for the OmiseGo billet, which means it's a hard drive.
After all, what is it?
Well now it's easy to make your wallet with OmiseGo Blockchain.
Developers can create their own reward, loyalty, and memory systems, accepting payments on all OMG tokens.
When accepting a certain investment, limit the amount of donations to be inflated.
Before entering the cryptocurrency market, OmiseGo is already developing payment technology solutions in Asia.
Why you should invest in OmiseGo? ok
They have a team of professional and experienced developers dedicated to this project.
They have already worked on payment plans and have been successful. This is a promising sign of your potential as a business.
OmiseGo has already launched a decentralized SD wallet.
Minimum transaction fee.
Omega Go technology is highly efficient and designed to offer low transaction and conversion fees, while remaining extremely fast. This means that it can be downscaled to higher volume transactions and become more mainstream.
OMG it's a slow burner.
Its compititors are Ripple and Stellar. These two currencies are under good control by the team and technology.
STEEMIT
It is a distributed blockchain database platform that supports community building and social interaction with cryptocurrency rewards. It is also the basic unit of account for Steem, an online information sharing group similar to Reddit (but once again encouraging) based on the Steem database platform. It's like Reddit with an online cryptocurrency payment system that rewards content providers and curators with digital currency. The main asset is owned by the platform itself.
Buying a property recognizes these risks and rewards of property, while loan buyers are guaranteed a certain rate of interest, but do not participate in the gains (or losses) through growth (or contraction) of the platform. Additionally, the property can be liquid and can be sold at any time, or it may require to be held for a period of time before being sold, allowing the startup community to command a higher price.
The currencies that represent these three asset classes come in three forms:
STEEM, which is the proof of one basic cryptocurrency account of stocks, is the one that is traded on the other token blockchain, and is a liquid currency that is only traded, buy on the exchange and sold out.
The version powered by Steam, in which the buyer agrees to purchase rights for a specific period (13 weeks), is called Steem Power (SP).
And when you stick to this award program and convert ("turn on") to SP, you get a lot of the platform growth off set as "interest" and more Influence (which is proportional to the amount of SP) by voting on the content.
The remainder of the asset is class debt, called dollar-denominated Steem dollars (SBD, which contains Steem blockchain dollars), and is structured by a mechanism similar to converted notes. This startup is common around the world and allows the SBD holder to encrypt STEEM at the fair market value of STEEM now (in USD) with minimal notice in the future.
By using tactics such as limited rate voting, consensus algorithms, dynamic component reservations, and blockchain-based content and attribution rewards, they hope to provide an inspiring online public information platform that bad actors cannot easily play on. Those who provide valuable work to the community include those who provide valuable content (including content is judged and rated according to volunteer community curators), as well as those who make content fair.
People spend a lot of money on the stadium platform and are making a lot of money from it. Traders are also investing in Steem Power.
Steam Power (SP) influences you on Steem Power and is an incredible opportunity for investors to invest in Steem Power.
Here are some reasons why entrepreneurs should invest in Steem Power:
• You can promote your products and services absolutely free.
• You can lend to Steem Power and earn daily interest
• You can earn through your posts
• You can participate without any investment
• You can make life better with investment also.
Special Thanks:
Cc:
@steemcurator01
@steemcurator02
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