DIFFERENCE BETWEEN CRYPTO COINS AND DIGITAL TOKENS! WHY ARE DIGITAL TOKENS GAINING RAPID POPULARITY OVER CRYPTO COINS?

Cryptocurrency sure is a hard topic to wrap your head around, especially because of their underlying technology known as Blockchain. It is shrouded in programming language and sure not everyone’s cup of tea. This at the end turns out to be an obstacle to most, having interest in crypto space. However, there is nothing to start fretting over as Xenia coin has it all sorted for the ones looking to settle down with either Cryptocurrency trading or token sale.

KNOW THE DEFINITION OF CRYPTOCURRENCY

Better if we start by understanding the meaning and functionality of cryptocurrencies. They are virtual money, encrypted using cryptography. Cryptography is considered to be the most advanced encryption techniques that also verify the transactions and transfers.

There is although no denying the fact that there were many virtual currencies prior to Bitcoin, however Bitcoin’s creation left an important mark in the realm of virtual currencies and credits go to its decentralized, distributed nature. What later comes is the expanding and diverse ecosystem of altcoins and Crypto tokens. Both digital tokens and altcoins are although called cryptocurrencies, but digital tokens sure hold a different angle. Digital tokens are basically asset-backed tokens that are EXCHANGEABLE with both fiat money and cryptocurrency.

LET’S CLEAR IT OUT IN A BETTER WAY – CLASSIFICATION OF CRYPTOCURRENCIES

It is essential to keep in mind that all tokens and coins are addressed as cryptocurrencies only, even if many of them do not function as money or means of exchange at the end market. The meaning of cryptocurrency is contradictory as a currency technically means to signify a unit of account, an outlet value and of course an exchange medium. Each of these characteristics is intrinsic within altcoins, and as cryptocurrency space was a brainchild of Bitcoin creators, any other coin created on the framework of Bitcoin is basically considered a cryptocurrency, despite while most of them do not fall under the practical definition of an actual currency.

THE VERY COMMON CLASSIFICATION OF CRYPTOCURRENCIES IS AS FOLLOWS:

1. Alternative coins (Altcoins)
2. Tokens

Public from the distance are not able to get a full insight of advantages and disadvantages of cryptocurrency investment. For digital tokens to be a late entrée into the market, many potential investors do not find it easily reliable. Since investment, irrespective of any market, associates risk, cryptocurrency is still a new marketplace for the investors. Risk rate is usually higher. However, the good thing of all bad things is that Digital Tokens have lately started gaining popularity for many better reasons than altcoins.

Digital tokens sure a different thing than coins. They enable the holders to perform certain activities and keep earning. Holding these digital tokens, you can truly be part of some disruptive blockchain project that could advance your business dealings as well as daily life transactions, but all in an absolute decentralized manner. Just as said before, holding digital tokens allow people participate and make wagers on the result of certain blockchain projects and one of current examples is Xenia Token Sale.

With thousands of altcoins available on the market, it takes a whole lot of ‘good reasons’ for a newbie digital token be popular amongst skeptical investors.

Let’s finish what is started – Xenia quite clearly is one of thousands of blockchain companies that wants to contribute its bit and help the conventional market be disrupted by the advanced facilities. Xenia is developing an ESCROW encrypted platform, which will actually be a multi-layered platform to change the way you make financial dealings, be it money transfer, currency conversion, cryptocurrency conversion, online shopping, crypto trading, playing lotteries, or taxi service payment, Xenia is here to give financial dealings a brand new angle.

Being built on top of Ethereum blockchain, Xenia makes a perfect example of digital coin. Platform that is being developed by Xenia is labeled as ‘SIX38peer2peer Network.’ SIX38PPN is powered by Xenia’s native currency Xeniacoin (a digital coin). Just as said above, digital token enables its holders participate in certain activities and share the profit from projects’ outcome. In case you want to invest in Xenia, let’s be clear about what possibly could fetch you a good return –

SIX38ppn is coming up with sub-platforms (also called PRODUCTS) which include – Xenia Teller App (for taxi rides and remittance services); Xenia ATM with prepaid card (for anytime conversion digital tokens/cryptocurrency into fiat money); Xenia Crypto Mall (for an easy and fast Xeniacoin powered online shopping experience) with more privileges such as lottery pool and altcoin mining. Joining their main ICO of token sale (phase 1 and phase 2) between 26th May 2018 – 23rd June, 2018 and 24th June 2018 – 24th July 2018, you can actually be part of such a disruptive blockchain project.