Why Investing in Digital Currencies Is a Much Better Idea 111

It’s hard to ignore digital currencies these days. With headlines like “If You Bought $5 of Bitcoin 7 Years Ago, You’d Be $4.4 Million Richer” all over the internet, it’s forcing many of us to contemplate whether we should put some of our hard earned money into cryptocurrencies.

But then, just as you are about to take the plunge, your eye catches “Bitcoin is a fraud” or “ICO’s are an absolute scam”. I don’t blame you if it’s making your head spin.

The truth is that many of the concepts or objects we can’t live without today were completely ridiculed when they first became popular.

Influential scientists and supposed experts, like top engineers, thought the lightbulb was an absolute sham when Thomas Edison was developing the first practical light bulb. Similarly, the first person to walk around with an umbrella in British streets was hurled with trash, and for a long time, many people had an actual fear of personal computers.

It’s a similar story with crypto coins. We’ll look at two aspects of investing, namely price volatility and risk, which many investors consider when sizing up investment opportunities, to see why investing in digital currencies is a much better idea than you might think.

Price volatility

The first thing all opposers to cryptocurrency investing will tell you is that it’s too volatile. But compared to more settled commodities like gold, in the long run, it’s not as volatile as the naysayers would have you believe.

At its lowest point in 2017, Bitcoin traded at just below $800. This is compared to the highest every $5,770 of today, October 13, which is a difference of about 720%. Saying that Bitcoin hasn’t traded below $1,000 in 7 months, and even then it was just for 4 short days. It has its ups and downs but overall, in the long run, it’s on an upwards trajectory, slowly climbing back to that all-time high and beyond.

It is important to remember that in the short-term, all investments will show some sort of volatility. What the price does in the long-run is what matters most to serious investors.

If we look at the price of Gold (which some would suggest is one of the best long-term investments), it paints a far more volatile picture over the last year.

Ethereum traded at $7.98 on the 1st of January 2017. At its highest in June, it reached $410, that’s a 5,137% difference. Like Bitcoin, Ethereum has its ups and downs but again, it’s on an upwards trajectory overall in the long-run.

Granted, these are just two of the more than 1,000 cryptocurrencies on the market today, but if you are new to investing in digital coins, this is likely where you’ll start.

Risk

When investors look at risk, they’ll often compare it to the potential reward to see if the investment is worth it. Also remember, there’s not one investment on this planet that doesn’t carry some sort of risk.

Saxo Bank analyst, Kay Van-Petersen, predicts that in 10 years’ time cryptocurrencies will account for 10% of the average daily volume of fiat currency trade and that the price of Bitcoin will hit $100,000. That means if you invest in one Bitcoin today at $4,800, your investment will increase by more than 2,000% in 10 years. No other investment can come close to this kind of potential return.

Investing Haven predicts Ethereum will to rise to $1,000 for 2018 and beyond. That means you can potentially more than double your return in a few short months, with a steady increase predicted over the long run.

In both instances, the risk is well worth the potential return.

If in doubt, look at what the people in the know are doing

If you’re still on the fence and unsure whether or not investing in cryptocurrencies are a good idea, take the emotion out of it and look at what the experts are doing. These people are known for making wise investment choices.

Richard Branson, for example, is a big supporter of Bitcoin and the underlying technology, Blockchain, while Bill Gates has long been shouting the praises of digital coins, calling it “better than currency.”

Billionaire, Tim Draper has said to have made more than $110 million with his Bitcoin investments and hedge fund manager, Michael Novogratz, said he’d happily invest 10% of his net worth in digital currencies, including Bitcoin and Ethereum.

Conclusion

Of course, as with any investment, it’s never wise to put all your money into one basket but as part of a balanced portfolio, cryptocurrencies are a worthwhile consideration.

Campbell Harvey, a professor of finance at Duke University, said: “For me, though, I look at Bitcoin not just as a currency, but what it could do in the future in other applications.”

And that’s the unique selling point of digital coins, and why it’s likely to increase in value over time. It goes beyond just a currency. It has the potential to revolutionize all industries as we know it.

When looking to invest in cryptocurrencies, look a bit further than the surface facts that most skeptics will happily shout about and realize that investing in digital currencies is a better idea than you might think. Also, make sure you’ve chosen the right platform to do so.

To find out more go to https://tokenbox.io

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Unidot – A Decentralized and Transparent Platform to Offer Seamless Staking Experience 3302

Amidst a wide range of DeFi protocols that bestow the crypto admirers with limited opportunities, Unidot is an exception. It is an open-source, decentralized, community-driven DeFi protocol that facilitates users with staking and yield farming. The non-custodial service offered by the platform will allow users to manage their funds individually, and no governing bodies will be involved. They assist users with payment flexibility by accepting both fiat currencies and cryptocurrencies, including Bitcoins (BTC), Ether (ETH), TRON (TRX), Binance Coin (BNB). Unidot’s unique staking platforms and high return on investment rates give the platform an upper hand.

UT – The Indigenous Token of the Platform: Unidot (UT) is the native utility token of the platform. It is a BEP-20 standard token built on the robust base of the Binance Smart Chain network. Preferring this network would assure the users of the platform with faster transactions at affordable prices. Staking these tokens in a particular plan would make users reap remarkable rewards.

Get to Know the Merits of Unidot:

The first and foremost merit of owning a UT token is that it offers an excellent passive income solution for the users of the platform. Unidot is known for its high yield rates. It is comparatively higher than the other DeFi platforms in the market. The entire process is managed by smart contracts, and it greatly contributes to security. It is meticulously designed to provide the best-in-class user interface which is effective, interactive, and attractive. This interface makes it easy for the participants to kick-start their crypto investments instantly. On the whole, Unidot is a community-driven platform that strongly believes in collective growth.

The Scope of Unidot: As an organization backed up by adept blockchain and cryptocurrency experts, they have plans to commence their own decentralized exchange with an assorted range of DeFi services. Also, their groundbreaking roadmap includes plans to launch their own blockchain network.

Massive NFT and Token Giveaway From Polker as Staking is Announced! 3701

Polker.Game has been bringing a constant stream of updates, development, and listings over the last few months – and they are not showing any sign of slowing down. Polker is one of the major sponsors of Polycon 2021, the largest Polygon event of the year – all this less than 10 days after Polygon announced the partnership and awarded a grant to Polker. The day before Polycon went live – Wednesday the 15th of September – Polker surprised the community with the announcement of a huge giveaway.

The NFT giveaway is massive – 1st place is going to be a Holographic Ultra-Rare. This sold at auction in August for over 3.3ETH ($10,000). There will also be 9 other NFTs for the runners up. This is not all – 500 people will be winners of 50 PKR tokens!

POLKER 5

 

Polker Release Staking Platform – Countdown Begins

Just one day after the news of the competition, Polker announced that staking of their native token PKR will be going live on Friday the 24th of September at 13:00EST. Polker’s initial staking pool will run for 90 days and will go live with $100,000 of PKR tokens. With the constant stream of events and announcements expected throughout these 90 days, the value of the $100k at the end is likely to be much greater – an opportunity much too great to miss out on for a project with such potential.

Staking is going to work on the Ethereum blockchain – and they will be hosting the staking pool on their own fully audited platform. The development team have proven yet again that not only do they understand how to develop impressive gaming content, they are more than competent at blockchain implementation too. Have a look yourselves, the countdown is live on their website!

Polker NFT & PKR Giveaway

With the huge amount of positive news recently from Polker it seems the team have decided to allow everyone to win some of their impressive NFTs. This includes one Ultra-Rare, two Rare, and six Standard NFTs – these will be given to those who make the single largest buys on either PancakeSwap or Uniswap during the competition period. This isn’t just for whales though – everyone who makes a buy and submits the transaction hash (txid) to Polker will have the chance to win one of 500 prizes of 50 PKR tokens.

The competition will run until PKR staking goes live, so you have until Friday 24th to partake in this giveaway. Further information on this can be found on Polker’s Medium here.

Polker.Game In The News

Polker’s name has been appearing more and more frequently across the crypto world in recent weeks. This seemed to begin as PKR listed on centralized exchange BitMart and as Akon, the R&B superstar and crypto enthusiast shouted out to Polker. The video can be seen here.

Shoutout to Polker man, this game is revolutionary, I got a chance to play and wow, a card game experience in 3D, built-in Unreal Engine 4, this is hands down, this is the best play to earn, NFT game in the space.” Akon

More About Polker

Polker is preparing to release their Play-to-Earn poker platform, a unique and impressive online gaming experience utilizing Unreal Engine 4. The game will be available for absolutely anyone to play, for those looking to play a couple of quick hands at a table without wagering any money – the game is available completely free.

Polker’s native token has a market capitalization under $4m – with the amount of news and development going into this project it’s clear that not only is this a project to keep your eye on for their products, it’s also an investment opportunity too good to miss.

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Claire AI data storage protocol set to go live 3265

The Claire Project, specializing in the application of the AI storage protocol knowledge graph, will go live soon. It is the first of its kind utilizing blockchain technology to create a decentralized, co-constructed, shared, distributed, highly secure and trusted knowledge graph collaboration platform. The project allows users in the global knowledge community to achieve distributed collaboration with extremely low labor and management costs, in a move to take the value of knowledge graph data to a new level and realize the final goal of “data as value” as the Internet enters its next stage of evolution.

The Internet has been around, growing and evolving for nearly 30 years. During the transition from Internet 1.0 to Internet 3.0, data storage and security risks have hindered the medium’s growth path. Online users are constantly concerned about user data breaches, asset information exposure and account information theft, among other data security issues.

The emergence of the Claire Project will not only remove the dependency of traditional internet knowledge graphs on a central server, but also, to a meaningful extent, break up the monopoly exercised by Internet tech giants when it comes to data graphic primitives.

The Claire Project focuses on data storage and a data value ecosystem

Claire AI data storage protocol is the first distributed storage protocol for AI data. By integrating IPFS storage technology, Token incentive mechanism and DAO governance model, it creates four types of trusted storage, trusted incentives, trusted governance, and trusted finance. The project also combines AI data screening and processing collaboration networks for a fully autonomous network community, with effective value data to provide necessary support for commercial applications at scale.

Secondly, since its inception, the Claire Project team has very much come to the realization that, as result of decades of development since the Internet first came into existence, the storage market has become saturated, while the next stage of growth could be the data market that can serve as an effective increment, especially internet-based value storage data.

Thirdly, a lower barrier to entry makes the Claire Project more accessible to users. In the knowledge graph collaboration scenarios of Claire AI storage protocol, anyone can be a node on Claire by pledging a certain amount of CLRs (Claire tokens).

Fourthly, the information and data on the Internet are fragmented and mostly are based on small files and micro data generated by high-frequency micro collaborations. This is what Claire is meant for.

The Claire ecosystem is expanding steadily, bolstered by a series of industry chain ecosystems surrounding Claire such as mining machines, mines, mining pools, cloud computing power, cloud storage and cloud mining machines, all of which are gradually moving towards large-scale applications.

Taking into account the exponential growth of Internet knowledge graph data, ensuring data validity, security and efficient storage access will be a challenge that anyone interacting with the Internet will have to face in the transition from the ecological Internet to the value Internet. The launch of Claire also provides a pioneering reference for the next stage of the Internet’s evolution.

FXT to launch its DeFi staking platform after the success of FXT Token 4649

FXT – a company witnessing the remarkable success of its FXT Token – is geared to launch a DeFi staking platform. The platform will be built on Binance Smart Chain and will enable crypto enthusiasts across the globe to stake their BEP-20 FXT tokens in return for lucrative interest that will be given annually. The staking period will be divided into different vaults – each vault having specific days for which the users will be required to stake their FXT Tokens and the interest that will be earned by them.

Given these five vaults, users will be able to participate in multiple vaults. A user can stake a single vault multiple times. The earlier the staking, the higher will be the earning. FXT DeFi staking platform will be an opportunity for FXT Token holders to earn money by staking their assets. Those already holding FXT Tokens can capitalize on the opportunity to participate in the FXT DeFi staking platform to grow their funds. However, those who do not have FXT Tokens, but want to leverage the opportunity, can buy the Tokens from any of the top crypto sites, such as CoinMarketCap, Bilaxy, Fatbtc, and ProBit Exchange.

Beaxy Taps Blockdaemon for Node Infrastructure 3970

Blockdaemon

Digital asset exchange Beaxy today announced it has begun migrating operations to leading blockchain infrastructure provider Blockdaemon. Since its founding in 2017, Blockdaemon has grown rapidly toward becoming the de facto blockchain entry point for institutions and crypto platforms all the while garnering trust from custody providers, development teams, and exchanges. Its list of supported blockchain networks includes many of the major names in the industry such as ETH 2.0, Bitcoin, Polkadot, Solana, Cardano, the Lightning Network, and Cosmos. Blockdaemon has deployed more than 10,000 nodes and it’s infrastructure is being used indirectly by more than 25 million registered users worldwide.

Learn more about Beaxy’s new partnership.

Node management is one of the most critical infrastructure elements at any exchange. Persistent server uptime, data integrity, and redundant 100% reliable architectures are all essential to efficient operations. Blockdaemon specializes in these key components to such an extent that the company provides a guarantee to its customers against loss of funds and platform downtime.

Cooper Craighead, Beaxy’s Head of Customer Support, commented, “Up to this point all of the monitoring, updating, and adaptation to account for constantly changing security environments and hard forks had to be done in house at high cost. Blockdaemon’s node solution comes with 24/7 monitoring that will help us catch technical issues before they snowball into long maintenance periods. Anyone who has run even a single node on one network before will tell you – they’re resource hungry. Blockdaemon’s scaling cloud solution will allow our infrastructure to operate with less overhead making it lighter and faster.”

Having realized record trading volume in Q3, gaining the infrastructure backbone provided by an industry wunderkind like Blockdaemon will position Beaxy well for prolific user growth in the year ahead.

About Beaxy

Beaxy Exchange is headquartered in Chicago, Illinois, USA and is operated globally by Windy Inc. Windy Inc is registered with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).

About Blockdaemon

Blockdaemon is the leading independent blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring. Supporting 40+ cutting edge blockchain networks in the cloud and on bare metal servers, Blockdaemon is used by exchanges, custodians, crypto platforms, financial institutions and developers to connect commercial stakeholders to blockchains.

Play-to-Earn Game from Polker (PKR) Listed on BitMart Exchange – Endorsed by Akon 5101

Polker

The Play-to-Earn NFT based Polker.Game‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. “Watch Akon’s Video Here“. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league.

What is Play-to-Earn?

Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved.

Play-to-Earn games are essentially free to play and open to anyone and everyone. By simply using the platform players can earn native platform tokens or NFTs – both of which have real-world value. Allowing players to earn tokens and NFTs that can be sold or traded has created a paradigm shift in online gaming – Polker is leading the way with the Play-to-Earn poker platform.

Why Polker.Game?

With Play-to-Earn blockchain gaming growing at an unprecedented pace, Polker.game is poised to change the world of online poker with its unique approach to gameplay. Since the chips used in Polker have no value – the game removes the gambling aspect of poker whilst maintaining prizes that have real-world value. Polker’s play-to-earn poker platform is about competition and skill instead of gambling. Although still in the early days, Polker NFTs have already sold for $10,000 (3.8ETH) on OpenSea.

Growth Potential of Polker (PKR)

With Akon supporting the platform and Polker’s play-to-earn poker platform being live, Polker and $PKR have a huge amount of growth potential. The fact that $PKR is now being listed on centralized exchange BitMart increases this potential massively.

The business model that Polker follows is similar to that of AXIE INFINITY (AXS) which has a fully diluted market cap of $19.4bn at the time of writing. Polker (PKR) currently has a fully diluted market cap of $40.2m. If PKR were to reach the same market cap as AXS then the current value would increase over 482x. Simply put, a $1000 investment in PKR today would be worth over $482,000 if Polker were to grow to the same market cap as AXIE INFINITY.

Even reaching half the market cap of AXS in the short-term which is a much more reasonable expectation would allow for a 24,000% increase in value – an ROI that is too good to miss out on for any investor, especially with Akon backing the platform.

Polker Listing on BitMart

Polker (PKR) is a cross-chain token with a functional bridge between Ethereum, Binance Smart Chain (BSC), and Tron – with a Polygon bridge under development. Until now, $PKR has only been tradeable on decentralized exchanges UniSwap, and PancakeSwap. Now listed on popular and centralized exchange BitMart, Polker (PKR) can be traded by a much larger demographic with the newly listed USDT-PKR pair.

With BitMart listing $PKR and Akon shouting out the play-to-earn poker platform offered by Polker the potential of this platform is unrivalled.

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